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Busy Resort Guest House In Minehead For Sale

Minehead, Somerset, UK
Asking Price:
£625,000
Turnover:
£75,000
Net Profit:
Available on request

The Waverley is a substantial end-terraced, spacious 13 letting bedroom guest house with accommodation on the ground, first and second floors providing comfortable living quarters and a good range of single, double, twin and family rooms.

On the ground floor there is a guest lounge, separate through dining room and private split-level lounge and bedroom as well as open plan kitchen and 1 private bedroom, private lounge with its own shower room facilities.

On the first floor there are 7 letting bedrooms and on the second floor 6 letting bedrooms.

Of the 13 letting bedrooms, only 3 have en-suite facilities but the current proprietors operate the business in such a manner as to provide a large range of bedrooms sizes and over the years have found that single rooms let particularly well, hence the reason for not converting many of the rooms with en-suite facilities.

However, a discerning purchaser could convert such rooms to provide en-suite facilities, if required. The property is set back from the main road with level lawned foregarden and to the rear and side garage as well as parking for up to 3 vehicles.

This property is on the market for genuine retirement reasons and is now trading at an income level in the region of £75,000 per annum.

Accounts will be made available to those parties who have inspected and expressed an interest in this property.

Our client acquired the property in 2010 and has improved the property since that time by installing some double glazing and recovering some flat roofs, ongoing decorating and a new central heating boiler will soon be installed.

Recently planning permission was granted for conversion to 8 apartments planning reference 3/21/17/087 and plans have been drawn up.

Parties should check with the local planning authority as to the plans and permission.

Property Information

Property:

Freehold

Living Accommodation:

13 bedroom guest house with private 2 bedroom owner’s accommodation.

Location:

The Waverley is located in a convenient position within level walking distance of Minehead seafront and town centre.

Tregonwell Road is an area where many hotels and guest houses are located and is a popular tourist spot.

There is unrestricted street parking nearby.

Minehead is west Somerset's leading tourist resort having a population in the region of 8,000 inhabitants which is boosted during the summer months with the influx of tourists.

It is also the venue for Butlin’s Holiday Centre and the resort is often referred to as the gateway to Exmoor National Park.

The town has excellent tourist and shopping facilities including a Tesco supermarket, Morrison’s and Lidl’s. Nearby popular villages include Porlock and Dunster with its Medieval Castle.

Energy Performance Rating:
D

Contact Information

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