A wonderfully located 7 letting bedroom guest house for sale, situated in the very heart of the sought after Cornish coastal town of Looe. With stunning water views and within a level stone’s throw of the town centre and beautiful beaches. This highly successful owner operated guesthouse has impressive forward bookings for 2023 and full handover/training will be provided. This property would be ideal as a guesthouse, home with income or even for a multi-generational family. The guest house has undergone a rolling refurbishment programme and is presented in a good overall standard. Early viewings are highly recommended.
LOCATION
This property is located the highly sought-after coastal town of Looe, Cornwall with its beautiful scenery, picturesque chocolate box town within minutes’ drive to the A30 which connects with a short drive to the cathedral cities of both Truro and Plymouth, which also has a direct mainline to Paddington, London. The town of Looe is vibrant all year round and has a good local population with an active community throughout the year.
BUSINESS
Our client has been operating the guesthouse on his own successfully for many years. However, recently he no longer resides on the premises and thus is currently renting out eight bedrooms. The location has an enviable all year-round demand and our client closes and operates the business to suit lifestyle choice. With an exceptional high repeat custom and direct bookings to the business, the turnover and operating profits are very good. Actual trading accounts will be provided following a successful formal viewing.
ACCOMMODATION COMPRISES
Entrance over a terrace and through a large door to
Vestibule
1.46m x 1.43m
With tiled flooring and wall mounted display of tourist pamphlets and glazed door to
HALLWAY / RECEPTION
A lovely welcoming space with a sideboard with guest signing in book, chandelier, turning staircase to upper floors and doors to
DINING ROOM
5.71m x 4.82m
With many tables and chairs for approx. 14 covers, breakfast bar, wall mounted large mirror, wall art elaborate chandelier and bay windows with patio door leading out to a large patio with water views.
BAR / LOUNGE
4.32m x 3.44m
With further tables and chairs for approx. 6 covers, used if very busy during breakfast. This room has a bespoke well-equipped bar, bench seating and to the rear of the bar is a door to
STORE
2.26m x 2.15m
A useful storeroom which benefits from base units with stainless steel sink and drainer, various fridge/freezers, window and door to rear.
KITCHEN
3.67m x 3.39m
An ideally situated kitchen close to the dining room which is comprehensively equipped. It benefits from an array of wall and base fitted units with inset 1 ½ stainless steel sink and drainer, five ring gas range style cooker with double oven and grill, dishwasher and many other gadgets to make light work of breakfast for the guests in the morning.
STORE
3.73m x 1.87m
This area is used as a utility room with washing and tumble dryers. There is also a wall mounted commercial gas boiler, additional fridge / freezers and a door to the rear courtyard.
LETTING ACCOMMODATION
All rooms have all undergone a refurbishment programme and have been decorated to a good overall standard. They all feature furniture and are equipped with good en-suite facilities and most have double width showers, apart from one which has its own separate bathroom. The high standards of the rooms are complimented with up-to-date equipment including LCD Digital Free view TV's, complimentary beverage facilities, bedside tables, chest of drawers and wardrobes facilities.
1st Floor ½ Landing
BEDROOM 1
A twin room with two standard single beds. The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to rear of the property.
BATHROOM (exclusive to room 4)
With a corner shower, WC and wash hand basin. This room is of good size and has an obscured window to the side of the property.
1st Floor
BEDROOM 2
A double room with a Super King bed (zip & link bed, either twin or double). The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to rear of the property.
BEDROOM 3
A family room with a double and single bed. The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has bay windows to front overlooking the town of Looe and with spectacular water views.
BEDROOM 4
A single room with a standard single bed. In the room has a wash hand basin and the bathroom facilities are separate but exclusive to this bedroom. The bedroom has a window to the front overlooking the town of Looe and with spectacular water views.
2nd Floor
BEDROOM 5
A double room with a Super King bed (zip & link bed, either twin or double). The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to the front of the property overlooking the town of Looe and with spectacular water views.
BEDROOM 6
A double room with standard double bed. The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to the front of the property overlooking the town of Looe and with spectacular water views.
BEDROOM 7
A double room with a Super King bed (zip & link bed, either twin or double). The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to rear of the property.
OWNER’S ACCOMMODATION
The owner’s accommodation is on the 2nd floor ½ landing and comprises of a large double bedroom which would accommodate a smaller seating area and benefits from patio door to its own terrace and has lapsed planning permission to expand above with its own additional floor. The owners usually occupy the downstairs lounge during the day but the layout of the guesthouse would easily allow for 1, 2 or 3 bedroomed owner’s accommodation with letting rooms reduced.
OUTSIDE
To the front of the property is its own private large terrace with table, chairs, parasols and with spectacular views over Looe.
PARKING
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.
SERVICES
Mains gas, electricity water, broadband 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.
