| (REF: 1146) 26 Bedroom Hotel in Devon Resort |
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| Seller Reference: |
1146 |
| B4S Reference: |
09670 |
| Asking Price: |
£935,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£214,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Torquay, Devon, United Kingdom |
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PrefePreferred Commercial is delighted to offer for sale this impressive three-storey detached property, set in its own grounds, with breathtaking views over Lyme Bay. The original building is estimated to have been built circa 1800, with a number of later additions to the southern and western elevations. The property has traded as a hotel for the past 50 years and has been in our client's hands for the past 2 years. It is only now being placed on the market due to family commitments. The hotel boasts 26 letting bedrooms, all en-suites with TV, coffee and tea making facilities. The hotel further benefits from a 3-bedroom owner's apartment to the ground floor, as well as a 2-bedroom staff flat, set out over the first and second floors with a separate lounge that could be used for letting. The residents' lounge has breathtaking views over Lyme Bay. The restaurant and conservatory benefits from 60 covers and opens on to the garden and lawn area, making it ideal for functions. Due to our client's ill health, they are only part way through the initial business plan that they had when they purchased this impressive hotel, and a new owner could greatly build upon this very well established and sought after business that can only be fully appreciated via internal viewing. Our clients offer swimming clubs for their indoor pool, which has proven very popular. Any buyer will inherit a considerable booking register and our clients have informed us that the recent drive for functions could produce still greater income. Currently the business trades for only 44 weeks per year and has a weekly turnover of £4,863 achieving a gross profit of 87.3%. Seldom do businesses of this quality come to the open market and early discussions with Preferred Commercial are strongly recommended.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
3-storey detached property set within its own grounds, with breathtaking views over Lyme Bay.
Briefly comprising:
Ground Floor
? Main entrance leading to reception area with lift to first floor
? Residents\' lounge with open aspect over Lyme Bay and surrounding coastline
? Restaurant and conservatory with 60 covers
? Function room and bar licensed for 150
? Indoor heated swimming pool and leisure room with sauna
? Cellar room including game room
? Ground floor bedroom with en-suite
First & Second Floors
? 3 triple bedrooms all en-suite
? 10 double bedrooms all en-suite
? 12 twin bedrooms all en-suite
? 1 single bedroom en-suite
Owners\' Accommodation
? 3 bedroom owners\' ground floor apartment
? 2 bedroom staff flat with scope for further letting accommodation
External
? Car park for numerous vehicles and coaches
? Lawn garden with terrace and decked seating area to the front of the hotel, overlooking Lyme Bay, with mature trees, shrubs and bushes adding to the idyllic setting |
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Location: |
Norcliffe Hotel is located in an elevated position in Babbacombe Downs, in Torquay. Torquay and the surrounding area of Torbay are very popular tourist destinations. It is also a popular retirement area. Torquay is situated 20 miles from the M5 motorway via the A380 and has a main line railway station connected to London Paddington, with the nearest international airports at Exeter and Plymouth. The hotel enjoys an excellent position, offering breathtaking and panoramic views over surrounding Lyme Bay. |
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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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