A 9 letting bedroom guest house for sale, located right next to Torquay’s idyllic harbour and seafront. This established business has been operated successfully for many years and generates an impressive income which allows our clients to take time off and travel during the winter months. The business has undergone a recent refurbishment programme and benefits from parking, a large dining room, a garden to front with mature shrubbery and palm trees. The owner’s accommodation is 1 / 2 bedrooms and benefits from a large lounge / dining room. Due to lifestyle choice / extended family, they only trade with five rooms over a period of 5 months, still producing an impressive income. Early viewings are highly recommended.
LOCATION
Ideally located a few hundred yards from the harbour, sea front and town centre, but still enjoying a quiet, elevated central location. Torquay is one of the UK’s most popular holiday destinations, with a good all-year round trade and being only a short distance from Dartmouth and equal distance to Plymouth and Exeter with its international airport, mainline train station and M5 motorway. Situated off Torwood Street, benefitting from being on the main scenic tourist route into Torquay and having high vehicular passing traffic.
BUSINESS
This highly profitable business has been successfully owner operated for many years and benefits from a high repeat custom and is much liked by visitors and locals alike. Only trading 5 x months per year, we the agents feel there is great scope to improve on the already impressive turnover and subsequent net profit. Actual trading figures will be made available following a successful formal viewing.
ACCOMMODATION
Entrance via terraced gardens to front with comfortable seating, palms trees, mature planting and door into:
VESTIBULE
1.53m x 1.37m
With pin board, shelving for tourist brochures, ornate ceiling lantern and part glazed door into:
MAIN RECEPTION FOYER
This area is well presented area with coffee table and 2 x comfortable chairs, water cooler, book shelving, fire alarm panel, turning staircase to upper floors and door to
DINING ROOM
5.50m x 3.66m
With space for 8 x tables and chairs for approx. 16 covers, extensive breakfast bar, ornate fireplace & hearth, ceiling light with fan and 3 x large windows to front making this room very bright and airy.
OFFICE
2.99m x 1.18m
An ideally located area with desk, chair, telephone and broadband point and window to front.
INNER HALLWAY/STORAGE AREA
2.15m x 1.98m
Benefitting from under stairs cupboard, extensive shelving for general storage.
INNER CORRIDOR
Located between the kitchen and inner hallway and acts as a utility area with commercial washing machine, gas operated tumble dryer and window to side.
KITCHEN
5.32m x 2.93m
Newly refurbished and conveniently located and on the ground floor with easy access to the dining room. Benefitting from an array of wall & base fitted units with inset twin stainless steel sink and drainer, 1 x 6 ring gas cooker and double oven, 1 x halogen table top griddle, 1 x 5 pot bain-marie, 1 x dish washer, 2 x microwave ovens, 1 x upright fridge, 1 x upright freezer, 2 x under counter fridges, 1 x floor standing plate warmer, 1 x large water boiler, 1 x wall mounter gas central heating boiler, extraction canape, altro-flooring and window to both sides of the kitchen.
LETTING ACCOMMODATION
FIRST FLOOR HALF LANDING
BEDROOM 1
Twin with window to rear. En-suite shower, low level WC and wash hand basin.
Fire Escape Door which leads to the rear.
CLOAKROOM
With low level WC and wash hand basin.
FIRST FLOOR
BEDROOM 2
Double with window to front and overlooking a beautiful park. En-suite shower, low level WC and wash hand basin.
BEDROOM 3
Family room with window to front and overlooking a beautiful park with a double and single bed. En-suite shower, low level WC and wash hand basin.
BEDROOM 4
Four Poster with window to front and overlooking a beautiful park. En-suite shower, low level WC and wash hand basin.
BEDROOM 5
Double with window to rear. En-suite shower, low level WC and wash hand basin.
SECOND FLOOR
BEDROOM 6
Single with window to side. En-suite shower, low level WC and wash hand basin.
BEDROOM 7
Double with window to front and overlooking a beautiful park. En-suite shower, low level WC and wash hand basin.
BEDROOM 8
Twin with window to front and overlooking a beautiful park. En-suite shower, low level WC and wash hand basin.
BEDROOM 9
Double with window to rear. En-suite shower, low level WC and wash hand basin.
OWNERS ACCOMMODATION
This ground floor flexible owner’s accommodation could be either one or two bedroomed and can be accessed either from the main entrance foyer or independently from the side of property. Currently the owners occupy the whole 2nd floor which removes 4 x letting rooms from the business.
LOUNGE/DINER
6.99m x 3.51m
This large room benefits from an ornate fireplace and hearth, wood effect quality flooring and large windows to front.
BEDROOM 1
7.47m x 2.71m
With 2 x built in wardrobes, suite of chest of drawers and part glazed door to side entrance / court yard.
BEDROOM 2
3.61m x 3.40m
This room is currently used as a dining room with a part glazed door to courtyard which can accommodate a small table and chair.
BATHROOM
A large L-shaped room with full length bath, separate corner shower, WC, 2 x wash hand basins, tiled flooring and walls and window to rear.
OUTSIDE
To the front there is terraced garden with comfortable seating, lit pathway to the hotel and large sign advertising the hotel.
To the rear is a car park for the hotel and a pathway connecting to the front and main hotel entrance. Also, to the rear are additional licensed parking spaces should the owner require.
FIXTURES AND FITTINGS
All trade fixtures and fittings except for our vendor’s private inventory will be included in this sale. A full inventory will be provided prior to exchange of contracts. All stock will be sold at valuation on completion. No testing of these fixtures or any appliance has been undertaken by the agents Ware Commercial.
BUSINESS WEBSITE
www.thepalmshoteltorquay.com
SERVICES
Mains gas, electricity, water and drainage are all connected. No testing of these services has been undertaken by the agents Ware Commercial.
BUSINESS RATES
Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk
(Currently the property is fully exempt from business rates because of small business rates relief)
TENURE
Freehold
VIEWINGS.
All viewings and enquiries are to be made through the agents Ware Commercial.
