Guest Houses for sale in Tavistock

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Impressive & Substantial Grade II Listed B&B

Tavistock, Devon, England

  • Freehold Price: £845,000
Seller Reference: 5999
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 5999
Request Details
Business Description
THE PROPERTY
The Duke of Tavistock Bed & Breakfast is a substantial and impressive Grade II listed Victorian Villa, built between the 1820's and the 1840's by the 7th Duke of Bedford. The Duke built the Georgian and early Victorian Villas along the Plymouth Road for the gentry, professional classes and wealthy citizens of his time, and it was regarded as the Champs-Élysées of Tavistock. This impressive and extremely well-appointed property has all of the features that you would expect from a period house of this style and quality, including well proportioned rooms with high ceilings, sash and stain glass windows, feature fireplaces, and original oak flooring. The property has been the subject of extensive and sympathetic renovation and refurbishment by our clients during their 5 years of ownership, leaving almost no stone unturned. Consequently, The Duke is presented and furnished to exceptionally high standards throughout. The Duke of Tavistock Bed & Breakfast provides a superior operating environment and is a most lucrative bed & breakfast business and family home and this high quality property briefly comprises:- 6 extremely well appointed Ensuite Letting Suites, with genuine potential for a 7th ensuite letting room, Reception Lounge/Office, fully equipped Breakfast Kitchen, Residents Breakfast/Dining Room, and a superior, spacious and extremely well presented quality self-contained Owner's Apartment to include:- impressive Sitting Room, high quality fully fitted Kitchen/Breakfast Room, 2 Double Bedrooms and a Bathroom. Externally, the property benefits from a road frontage with prominent signage and Lawned and Patio Gardens to the front, whilst to the rear is a gated Private Car Park for up to 8 vehicles, a raised Patio Seating Area and useful Storage Sheds.

SITUATION
The Duke of Tavistock Bed & Breakfast occupies a prominent and visible trading position on the A386, Plymouth Road, overlooking the Meadowlands Park which leads down to the River Tavy, within the heart of the thriving market town of Tavistock. Tavistock is an appealing and popular ancient stannery town, set on the western fringes of Dartmoor National Park and which is rich in history and tradition leading back to the 10th Century and famed for being the birth place of Sir Frances Drake. The town offers a superb and wide range of shopping, recreational and educational amenities with a mixture of national and independent retailers, a popular pannier market and the sought-after Mount Kelly School. The town is a most popular and appealing destination in its own right, as well as serving an active resident town population and various smaller outlying communities. Tavistock straddles the River Tavy and borders with Dartmoor National Park and attracts many thousands of visitors and is the perfect base from which to explore the spectacular landscape of Dartmoor and the Tamar Valley. The historic maritime city of Plymouth is around 15 miles South.

INTERNAL DETAILS
There are guest entrance doors to both the front and rear of the property. Main entrance door to front into Grand Entrance Hall an attractive and appealing entrance hallway with stripped oak flooring, ornate cornice and ceiling rose, staircases to upper and lower floors and original servant call bells. Reception Lounge/OffIce an impressive character room with French doors to the front overlooking the gardens and park beyond, stripped oak flooring, feature lighting, feature cast iron fireplace with marble surround, reception desk and seating area. Open plan into Breakfast Kitchen with stripped oak flooring, purpose equipped to a high specification with a range of modern base kitchen units, complimentary solid wood work surfaces, central island unit, Rangemaster 5 burner range cooker with hotplate and twin ovens, extractor unit over, microwave oven, hot water still, sink unit, integrated dishwasher, Rangemaster American style fridge freezer with cold water filter and icemaker, window to rear. Residents Breakfast/Dining Room again an attractive and impressive character room with stripped oak flooring, aspect to front overlooking the gardens and park, ornate cornice and ceiling rose, picture rail, feature cast iron fireplace with marble surround, feature lighting, freestanding wooden tables and upholstered chairs, comfortably seating 14 guests.

LETTING ACCOMMODATION
The property currently offers 6 individually designed contemporary boutique style quality letting suites, each with large modern "rainfall" shower rooms, high quality decoration and furnishings. Each of the attractive and spacious letting rooms are impressively presented and offers luxury toiletries, seating area, 42" wall mounted flat screen TV, Wi-Fi, hairdryer, Nespresso coffee machine and a hospitality tray. The attractive and well-proportioned bedrooms briefly comprise: - The Endsleigh Suite a spacious twin bedroom on the ground floor with aspect to rear and an Ensuite Shower Room. The Duke Suite a spacious premium suite on the first floor with king-size double bed, views to the front overlooking the garden and park, and an Ensuite Shower Room. The Bedford Suite a spacious suite on the first floor with king-size double bed, views to the front overlooking the garden and park, and an Ensuite Shower Room. The Tavistock Suite a spacious suite on the first floor with super king double or twin, zip and link bed, with aspect to the rear and an Ensuite Shower Room. Bedroom 4 currently used as a housekeeping room, but which was formerly a letting bedroom with Ensuite Shower Room and which could be easily reinstated to create a 7th ensuite letting suite, if so desired. The Frances Suite a spacious suite on the second floor with king-size double bed, aspect to rear and an Ensuite Shower Room. The Russell Suite a spacious suite on the second floor with king-size double bed, views to the front overlooking the garden and park, and an Ensuite Shower Room.

OWNER'S ACCOMMODATION
Arranged on the lower ground floor (ground floor level at the rear of the property), is the spacious and extremely well appointed superior self-contained owner's accommodation which comprises: - Sitting Room an impressive and spacious character room with aspect to the rear, feature exposed stone fireplace with inset woodburning stove, range of built in storage cupboards. Kitchen Breakfast Room with a newly installed, high quality fitted kitchen, with a range of base and wall mounted kitchen units, complimentary marble work surfaces, double bowl belfast sink unit, Rangemaster 5 burner range with extractor unit over, built in fridge, built in dishwasher and part exposed feature stone walls. Bedroom 1 a good-sized double bedroom with aspect to front with built in wardrobes. Bathroom recently refitted with shower over bath. Bedroom 2 a small double bedroom with aspect to front. Separate entrance door to front with covered storage area.

FLOOR PLANS
Measured floor plans are available upon request.

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, a pedestrian gate leads to a central footpath flanked by Lawn Areas, leading to Patio Terraces and with feature lighting including original Victorian street lamps. To the rear of the property is a Private Gated Car Park with space for up to 8 vehicles, electric vehicle charge points, a raised Patio Terrace Area and two wooden Storage Sheds. Further unrestricted on road parking is available to both the front and rear of the property.

THE BUSINESS
The Duke of Tavistock Bed & Breakfast is presented in exceptional order throughout and currently trades as a successful and award-winning boutique style bed and breakfast business, with superior and impressive 2-bedroom owner's accommodation. The property has been fastidiously renovated and refurbished by our clients over the past 5 years to exacting standards, with almost no stone being left unturned. These exceptionally high standards inherent throughout all aspects of the business and property, ensure excellent levels of regular repeat business, together with word of mouth recommendations. The prominent position and town centre location of the business also ensures that there are enquiries from passing trade. The business has been awarded a Travellers Choice Award, being voted the 3rd Best Small Hotel in the UK and the 13th Best Small Hotel in Europe by Trip Advisor in 2019. It also has an exceptional score of 9.8 out of 10 on booking.com. The business has its own website www.dukes-tavistock.co.uk with guests able to book direct and which provides further background information, photographs and a virtual tour. The business trades on a bed and breakfast only basis and is run by our clients, a husband and wife partnership, with the assistance of 2 part time members of staff. The Duke is offered for sale as a "turn key" bed and breakfast business with the benefit of extremely lucrative forward bookings.

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 have traded the business for only 34 weeks of the year between March and October. However, our clients have previously traded the business well in excess of the VAT threshold, on a bed and breakfast basis, in recent years. Accounts can be provided to confirm this, following a formal viewing.

POTENTIAL
Our clients advise us 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 to easily create a 7th ensuite letting bedroom. We believe that the Duke of Tavistock Bed & Breakfast represents an excellent opportunity to purchase an extremely well appointed and profitable business with potential for new owners to either operate the business on a profitable lifestyle basis below the VAT threshold, or to maximise all available income streams and create a most profitable multi-faceted business. An internal viewing is essential to fully appreciate all that this most impressive business and property has to offer.

EPC
Listed building and therefore exempt

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

SERVICES
All mains services are connected to the subject property.

PRICE & TENURE
£845,000 for the valuable freehold interest as a going concern business and full trade inventory. Vacant possession upon completion.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents. Tel: (01392)201262. Email: info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Tenure:
Freehold
Is accommodation included?:
Yes
Number of bedrooms:
2
Location Details:
Tavistock
Listed by:
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