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Fine Detached Guest House Overlooking The River For Sale

Lynmouth, Devon, UK
Asking Price:
£680,000
Turnover:
£50K - £100K
Net Profit:
Available on request

This is a fine detached stone built house that has been well looked after and much improved in the last three years.

Our clients have undertaken a programme of re-decorating and upgrading the spacious letting bedrooms as well as re-designing and modernising the garden level accommodation into an apartment which is separately accessed from the main guest house.

This versatile accommodation can be used as at present as private quarters or alternatively could be used as two holiday apartments, subject to relevant planning permissions, which would provide another income source and an ingoing purchaser could use a bedroom upstairs.

The property benefits from oil fired central heating and has the valuable provision of a large 8 space garage below the terrace.

Under the personal supervision of a family, this business has been well managed and improved upon in the last three years.

Genuine reason for sale this business is offered as a going concern with the guest house opening February to November with takings between £75,000 to £80,000 per annum.

There is scope to increase trade or use the flexible accommodation in several different ways.

Agents note
The property has double glazing and oil fired radiator central heating.
It is rare to find a business with valuable parking in such a convenient location and we strongly recommend viewing.
The business will be available fully furnished and equipped excluding those items of a personal nature.

Property Information

Property:

Freehold

Living Accommodation:

With 8 en-suite letting bedrooms and 3 bedroom owners accommodation.

Location:

This quality award winning bed and breakfast establishment is located in the popular village of Lynmouth directly overlooking the East Lyn River with views beyond to the sea. The property is approached from Watersmeet Road just a few yards from the public car park. Most of the rooms have direct views of the river valley, fast flowing East Lyn River and Countisbury Hill on the opposite side of this steep sided valley.

Energy Performance Rating:
D

Contact Webbers Commercial

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