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Freehold 8 Bedroom bed & Breakfast Located In Plymouth

Plymouth, Devon, England

  • Freehold Price: £485,000
Seller Reference: 2486
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Business Description
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Seller Reference: 2486
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Business Description
Freehold 8 Bedroom Bed & Breakfast Located In Plymouth
4.5 TripAdvisor Rating & Certificate Of Excellence
1 Bedroom Owners Accommodation
Ref 2486

The Phantele Bed & Breakfast is located within a prime trading position in the area of Stoke which is a sought after residential district, much of which is a conservation area due to the high density of Regency and Victorian homes in the area. Located approximately 1 mile from Plymouth centre offering easy access to Plymouth ferry port and within 3 miles of the A38. Primary schools in the area include Stoke Damerel and Stuart Road Primary School, whilst secondary schooling within the area includes Devonport High School for Boys and Stoke Damerel Community College. Plymouth is the largest city in Devon known for its maritime heritage and historic Barbican district with narrow, cobbled streets and enjoys trade throughout the calendar year.

Freehold Asking Price: £485,000

Business Description
Veritas Business Sales are delighted to offer for sale this luxury and well respected 8 Bedroom Bed & Breakfast which is located in the village of Stoke near Plymouth. The property has been operating as a bed & breakfast for over 30 years and has been in the careful hands of our client for the past 12 years. It is now being offered for sale so that our clients can concentrate on other business interests.
The Phantele B&B offers luxury accommodation and has seen continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and for year ending 31st March 2019 posted an annual turnover of £79,244 with a gross profit of £65,349 (82%). Room tariffs range from £40 for a single room up to £90 for a family room in high season. All rooms benefit from gas fired central heating, complimentary tea & coffee making facilities, internet enabled Smart TV’s with Netflix and BBC iplayer etc and SuperFast Virgin Fibre Broadband. Prices include a traditional English cooked breakfast where they use high quality produce.
We believe that the business has the potential to offer evening meals for guests which would increase revenue should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from both business people and visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Ground Floor
Entrance hallway (3.6 x 1.5m) with stairs leading to first floor.
Dining room (4.4m x 5.4m) comprising: 4 tables with seating for (12), large dresser, microwave, small under counter fridge-freezer, 2 window seats and feature fireplace.
Kitchen (4.0m x 3.2m) comprising: fully fitted kitchen with wall & base units, dishwasher (Bosch), sink with drainer, upright freezer (Beko), upright fridge (Beko), microwave (Kenwood), cooker (Range Master) and various wall lights.

Living room (3.6m x 4.9m) comprising: 8 leather look armchairs, feature fireplace, wall mounted TV, bureaux, side board, 2 tables and coffee table.
Reception area/office (1.5m x 1.3m).

Rear garden with large storage shed and guest seating area.
Laundry Room (2.4m x 2.4m) with washing machine (Hot Point), dryer (Bush), dryer (Bosch) and various shelves.
Workshop/ Double garage (4.9m x 4.6m).
First Floor
Guest accommodation
Bedroom 1 (3.7m x3.7m) family with en-suite (shower ,W/C and wash basin)
Bedroom 2 (3.4m x 2.6m) single
Bedroom 3 (4.2m x 2.4m) twin
Bedroom 4 (3.1m x 4.3m) triple
Bathroom (2.4m x 1.9m)
Shower room
Second Floor
Bedroom 5 (3.1m x 4.3m) single
Bedroom 6 (3.3m x 2.6m) double en-suite
Bedroom 7 (2.7m x 3.4m) double en-suite
Third Floor
Bedroom 9 (3.0m x 3.0m) double/twin/family en-suite with interconnecting seating/bedroom area

Owners accommodation (Ground Floor)
Bedroom 8 (3.0m x 3.7m) double room with conservatory leading onto decking area

EPC Rating C
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