| (REF: H7806) Most Attractive Detached Licensed Hotel |
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| Seller Reference: |
H7806 |
| B4S Reference: |
27318 |
| Asking Price: |
£45,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
8 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Devon, South West England, United Kingdom |
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Nationwide are pleased to offer to the market : This most attractive property is at present not trading, however, in our opinion has terrific potential for development.
We understand the premises have a Full On Licence
DETACHED PROPERTY with Full Gas Fired Central Heating
Car Park for 6 cars plus large paved patio area
Ground floor entrance to BAR with woodstrip floor. The bar has a double door glass fronted counter fridge, ice maker, glasswasher.
Small Residents area with 2 sofas
Restaurant area - split level, woodstrip floor. Tables and chairs providing seating for 30 persons.
Quality adjoining conservatory with ceramic tiled floor. Tables and chairs providing seating for a further 24 persons.
Ladies and gentlemens cloakrooms each with w.c. and wash hand basin
Commercial kitchen with non-slip floor. The equipment includes 6-burner gas cooker, stainless steel extractor with stainless steel cladding to walls (cooking area), upright glass fronted fridge, upright stainless steel fridge, 2 upright fridges, 1 counter fridge, chest deep freeze, turbo fan assisted electric oven, 1 glass fronted electric oven etc.
LETTING ACCOMMODATION
Ground floor
Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
In addition there is a further room on the ground floor which does require some attention, however, could readily be utilised as a further double bedroom with en suite shower room
First floor
Bedroom 2 - double bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 3 - family bedroom comprising 1 double plus 1 single bed, en suite shower room with shower, w.c. and wash hand basin
Bedroom 4 - twin bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 5 - double bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 6 - twin bedroom with en suite shower room with shower, w.c. and wash hand basin
Bedroom 7 - double bedroom with en suite shower room, shower, w.c. and wash hand basin
From the first floor there are stairs to a SPACIOUS APARTMENT, in our opinion ideal for a manager or owner, comprising:
Double Bedroom with wardrobe
Landing area
Tiled shower room with shower, w.c. and wash hand basin
Large Lounge with adjoining fitted kitchen including sink and drainer, 4-burner electric hob, fitted cupboards
All the bedrooms are fully carpeted and fully furnished to a high standard
The property was until April, 2011 let out under a 3 year lease which was not renewed on expiry. For the current season the vendor is running the Hotel as an exclusive use House Party Venue through his business www.classiccountryhouses.com using the name Marlborough House. Classiccountry houses.com are happy to continue marketing the property under a commission arrangement should the purchaser be interested in continuing this relationship.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new lease for a maximum period of 24 years at a rental of £36,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (If required we understand the vendor is prepared to grant a shorter lease for a minimum period of 12 years).
OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED FULLY LICENSED HOTEL IN THIS MOST SOUGHT AFTER SOUTH DEVON LOCALITY.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, FIXTURES, FITTINGS & FURNISHINGS £45,000 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, FIXTURES, FITTINGS & FURNISHINGS £495,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
IT SHOULD BE NOTED THAT THE VENDOR IS PREPARED TO CONSIDER A PRIVATE MORTGATE OF APPROXIMATELY £160,000, SECURED BY A SECOND CHARGE ON THE FREEHOLD PROPERTY.
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Large paved patio area with tables and chairs providing seating for 30 persons (can be increased), 3 large umbrellas with 3 electric heaters. We understand the umbrellas will cover the whole patio area.
Tarmaced car parking area for approximately 6 cars |
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Location: |
Sought after village location, SOUTH DEVON |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Summer months only. Please note the business closes during the winter months |
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