Guest Houses for sale in Paignton

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Sea View Guest House & Tea Garden

Paignton, Devon, England

  • Freehold Price: £750,000
Seller Reference: H126
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Business Description
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Seller Reference: H126
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Business Description
Large Detached Guest House with Sea Views Ideal Restaurant, Teas with Letting Rooms, or, Conversion to Holiday Flats ( subject to p.p.)
The Property is located between Sands Road and Belle Vue Road, is highly visible and stands on elevated ground with views across The Esplanade to the sea. The guest house benefits from gas fired central heating and part double glazing and a new roof was installed in 2010.
There are 9 letting bedrooms ( 8 en suite & 1 with a designated bathroom). One of these rooms is on the ground floor and is a suite with its own entrance ( ideal dog friendly room) In addition, there are extensive public areas to include a bar, lounge and dining room overlooking the sea.
Owners enjoy a large comfortable lounge on the ground floor and there three en suite bedrooms, also on the ground floor.
Outside to the front is an extensive lawn for teas and to the rear a car park for 8 vehicles. Large Garage with twin doors and personal door to the rear.
The business has been in the present hands since 1988 and is available due to retirement. Currently, the business 'ticks over' in the summer season with B&B and enjoys much repeat trade.
There is undoubted potential to open for a longer period and to exploit the large kitchen and dining room for non resident trade. The teas trade is being re introduced for the 2020 season with new signage etc. Construction has started on two hotels close by which are under the Mecure and Ibis Brands totalling 280 Bedrooms which will bring a higher spend guest to the town which the Great Western Restaurant and Tea Garden could capitalise upon.
EPC: D (97)
A rare gem for £750,000 Freehold
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