Guest Houses for sale in Lifton

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Immaculately Presented Substantial Character Detached Guest House

Lifton, Devon, England

  • Freehold Price: £650,000
Seller Reference: 6004
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 6004
Request Details
Business Description
THE PROPERTY
Tinhay Mill Guest House is a substantial and impressive character detached property, with origins reputedly dating back around 500 years. This immaculately presented and maintained property has been the subject of considerable renovation and refurbishment, leaving almost no stone unturned. Consequently, the property is presented and furnished to an exceptionally high standard throughout. Tinhay Mill Guest House offers a superior operating environment and is a most lucrative lifestyle Bed & Breakfast business and family home. This high quality opportunity briefly comprises:- 5 well-appointed Ensuite Letting Bedrooms, Reception Office, Residents Breakfast/Dining Room with residents Seating Area, fully equipped Commercial Catering Kitchen and superior, spacious and extremely well presented Self-Contained Owners 2 Bedroom Accommodation with Sitting Room, Dining Room, Family Bathroom and Separate WC. Externally, the property benefits from a road frontage with prominent signage, a Gated Private Car Park Area for 9/10 vehicles, useful Garage and Store Room, Guest Patio Area, Front Garden, Owner's Private Rear Lawned Garden Area with Decked Seating Area and useful Storage Sheds.

SITUATION
Tinhay Mill Guest House occupies a prominent and visible trading position in the centre of Tinhay a popular and self-contained village. The village is very well served with a variety of amenities. The dairy company 'Ambrosia' has been based in the village since 1917 and commercial trade is derived from them. Being conveniently positioned within a mile of the A30 main road linking Devon and Cornwall, allows excellent access to numerous tourist attractions including Dartmoor National Park, The Eden Project and both the North and South Devon and Cornwall coastlines. Nearby towns include Tavistock, 10 miles; Okehampton, 16 miles; Plymouth, 22 miles and Exeter, 35 miles. The village is often referred to as the gateway to Cornwall and is therefore an ideal centre for exploring the wider South West.

INTERNAL DETAILS
Main guest entrance door to the front of the property into Entrance Vestibule with door into Reception Hall an attractive entrance area with beamed ceilings, tiled flooring and reception counter area. Reception Office with part tiled and part carpeted flooring, feature stone fireplace (disused), and ceiling beams. Breakfast/Dining Room a particularly attractive impressive and character room with carpeted flooring, heavily beamed ceilings, attractive feature fireplace with bread oven and inset wood burning stove, wall lighting, exposed stone pillar, range of free standing wooden tables and upholstered wooden chairs comfortably seating 9 guests and additional Residents Seating Area. Commercial Catering Kitchen with fully tiled walls and Altro flooring, a generously proportioned kitchen superbly fitted and equipped to a high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy over, five burner range with gas hobs and electric ovens, extensive range of stainless steel work benches with shelving below, grill, warming cabinet, commercial microwave oven, extensive range of stainless steel wall shelving, upright fridge freezer, twin deep bowl stainless steel sink unit, commercial dishwasher, single deep bowl stainless steel sink unit, stainless steel hand basin, stainless steel racked shelving and door to rear. Laundry/Utility Room with door to side and boiler cupboard.

LETTING ACCOMMODATION
The property offers 5 individually designed character bedrooms each with ensuite shower rooms. Each of the attractive and spacious letting rooms are extremely well presented and offer quality toiletries, flat screen televisions, Wi-Fi, hairdryer and a hospitality tray. The attractive and well-proportioned bedrooms briefly comprise:- Lyd a king-size double bedroom on the ground floor with dual aspect to the side and rear and an Ensuite Shower Room. Wolf a king-size double bedroom on the first floor with dual aspect to the side and rear and an Ensuite Shower Room. Tamar a king-size double bedroom on the first floor with aspect to the side and an Ensuite Shower Room. House Keepers Store Room and Linen Store. Thrushel a good-sized single bedroom on the first floor with aspect to the front and an Ensuite Shower Room. Tavy a super-king double or twin, zip and link bed, on the first floor with aspect to the rear and an Ensuite Shower Room.

OWNERS ACCOMMODATION
The owners benefit from their own separate living accommodation being completely self-contained from the guest bedrooms and guest areas. Arranged on the ground and first floor, the spacious and well-appointed and superior owner's accommodation briefly comprises:- Sitting Room an impressive and attractive character room with carpeted flooring, beamed ceilings, feature fireplace with inset bread oven and electric living flame effect fire and an aspect to the rear. Dining Room with carpeted flooring. Cloakroom. Master Bedroom a generously proportioned owners master suite with dual aspect to the side and rear, patio doors giving access to a Balcony Area overlooking the garden, large walk in wardrobes and access to the loft space. Bathroom with modern white bathroom suite and a separate shower cubicle. Bedroom 2 a single room with double doors leading to the Patio Area.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS
To the front of the property is prominent signage and a pedestrian gate leading to an enclosed garden and owner's Private Nature Garden Area. Separate gated vehicular access to the side leads to a Private Tarmac Parking Area with marked spaces for around 10 vehicles. Substantial Garage with adjoining Store Area containing upright commercial freezer and upright commercial fridge. Guest Paved Patio Seating Area. To the rear of the property is a fully enclosed Private Owner's Garden Area mainly laid to lawn with shrub and tree borders, Decked Seating Area and two wooden Storage Sheds.

THE BUSINESS
Tinhay Mill Guest House is presented in excellent order throughout and trades as a successful Bed & Breakfast business, with superior and impressive 2 bedroom owners accommodation. The property has been immaculately maintained and refurbished by our clients over the past 5 years to high standards, with almost no stone being left unturned. The impressively high standards inherent throughout all aspects of the business and property, ensure excellent levels of regular and repeat business, together with word of mouth recommendations. The business has been awarded a TripAdvisor Certificate of Excellence with numerous impressive reviews and also benefits from an exceptional score of 9.7 out of 10 on Booking.com. The business has its own website with guests being able to book direct and providing further background information, and photographs. The business trades on a Bed & Breakfast only basis and is run by our clients, a husband and wife partnership, with no staff employed. Tinhay Mill is offered for sale as a 'turnkey' Bed & Breakfast business.

TRADING INFORMATION
Our clients have chosen to operate as a lifestyle business and purposefully limit the trade of the business up to the VAT threshold. Consequently, they close for four full weeks every year, as well as for numerous days sporadically throughout the year in order to take breaks/holidays and to fit in with their family lifestyle. Accounts can be provided to interested parties following a formal viewing appointment.

POTENTIAL
Our clients advise that there is tremendous potential for incoming purchasers to increase the current levels of trade and to develop all aspects of the business still further. Undoubtedly, there is potential for year-round opening and for additional advertising and marketing initiatives. We believe that Tinhay Mill Guest House represents an excellent opportunity to purchase an extremely well appointed business with potential for new owners to operate on a profitable lifestyle basis below the VAT threshold, or to maximise all available income streams and create a most profitable multi-faceted business. This includes the potential for developing a restaurant with rooms or a tea garden, if so desired. An internal viewing is essential in order to fully appreciate all that this most impressive business and property has to offer.

EPC
C-72

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website

SERVICES
Mains electricity, mains water, and main drainage. LPG is used for heating, hot water and cooking.

PRICE & TENURE
£650,000 for the valuable freehold interest as a going concern business and full trade inventory.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents. Tel: Email:
You are recommended to contact us before visiting the property even for an informal viewing.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property, we recommend you contact us for a list of approved brokers
Number of employees:
0
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
7
Location Details:
Tinhay Mill Guest House occupies a prominent and visible trading position in the centre of Tinhay a popular and self-contained village. The village is very well served with a variety of amenities. The dairy company ‘Ambrosia’ has been based in the village since 1917 and commercial trade is derived from them. Being conveniently positioned within a mile of the A30 main road linking Devon and Cornwall, allows excellent access to numerous tourist attractions including Dartmoor National Par
Is this business home based:
Yes
Listed by:
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