Ten Ocean View Guest House | St Ives

  • Freehold Price: £950,000
  • Annual Net Profit: £35,000
  • Annual Turnover: £50,000
St Ives, Cornwall, England
Seller Ref:B42541
For Sale

Ten Ocean View Guest House | St Ives

St Ives, Cornwall, England
Seller Ref:B42541
  • Freehold Price: £950,000
  • Annual Net Profit: £35,000
  • Annual Turnover: £50,000

Overview

Seller Ref: B42541

Description

Ten Ocean View is a beautifully located and well appointed boutique bed and breakfast in one of Cornwall’s top tourist destinations, St Ives. Boasting a 5* Rating on Trip Advisor, 8.9/10 on Booking.com and 4.6* on Google Reviews this is a truly wonderful business with plenty of repeat trade.

Guest Houses are scattered across St Ives, yet Ten Ocean View is that bit more special. With views across Porthmeor beach to Godrevy Lighthouse, and even Polzeath on a clear day, it is a truly idyllic setting. There is a large front garden with lapsed planning for a guest annex, and where else would one want to call both their home and business?

The mid-terrace property is set over three levels. The
ground floor comprises entrance hall with stairs up to the
first and second floors. Historically the dining room was
used by guests for breakfast, which could be re-instated
if desired as there are sound proof sliding doors in the
owner’s sitting room. The owners’ enjoy a large kitchen
diner, sitting room and two bedrooms, one of which is
en-suite.
The first and second floors comprise four en-suite well
appointed guest rooms, with coffee machines,
mini-fridges, king size beds and flat screen TVs. .
There are 3 parking spaces to the front of the property
with steps down to the garden. To the rear is a
workshop/garage with access to Channel View.
There is lapsed planning for a 1 bed garden room with
shed and parking over. Details can be found under
PA19/11113.

The business has been in our clients’ care since 2014
and they are seeking to re-locate to be closer to family.
Turnover is as below:
YTD (6 October 2023): £42,000
YE 5 April 2022: £49,400
YE 5 April 2021: £45,261
YE 5 April 2020: £72,760
YE 5 April 2019: £68,046
YE 5 April 2018: £66,532
The business shows an adjusted net profit in the region
of £35,000. Profit and loss accounts are available upon
request. Since September 2022 our clients have
employed cleaners and external laundry services to
enable them to work outside of the business, this could
be re-arranged to enhance the profitability of the
business.

Number of Bedrooms:
6
Location Details:
Located on the northern tip of St Ives Ten Ocean View is a 5 minute walk from Porthmeor beach, Tate St Ives, Barnoon Long Stay Car Park and all the amenities of St Ives town centre being a 10 minute walk away.
Is this business relocatable:
No
Is this business home based:
Yes
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
NA
Website address:
https://www.tenoceanview.co.uk/

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