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Freehold Nine Bedroom Guest House Located In Plymouth For Sale

Plymouth, Devon, UK
Asking Price:
£499,950 Furniture / Fixtures included
Turnover:
£75,223
Net Profit:
Available on request

Established 9 Bedroom Guest House located on The Hoe in Plymouth. Comes with 2 bedroom owners accommodation. Immaculately presented, must be seen.

Veritas Business Sales are delighted to offer for sale this well appointed and immaculate 9 bedroom Guest House which is located in Plymouth. The property has been operating as a Guest House for the past 40 years and been in the careful hands of our client for the past 6 years and is now being offered for sale due to them relocating.
Tudor Guest House offers luxury accommodation and has seen continual investment in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Tudor Guest House s owner operated and they currently let 9 bedrooms. The latest accounts show an annual turnover of £75,223 with a gross profit of £71,249. Room tariffs range from £110.00 in the peak season for a family room £45.00 for a single room and up to £85 for a double room. All rooms benefit from gas fired central heating, complimentary tea & coffee making facilities, colour TV’s and wi-fi. Prices include a traditional English cooked breakfast where they only use the finest high quality locally sourced produce. The property also benefits from spacious owners accommodation to include two en-suite bedrooms and a lounge.
We believe that there is still further potential to increase trade s the owners choose to trade below the vat threshold and there is scope to offer evening meals. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Freehold

Location:

This charming Guest House is located in the city of Plymouth in Devon. Ideally placed within striking distance of the city’s iconic landmarks, to include The Theatre Royal and the National Marine Aquarium. Plymouth is a port city known for its maritime heritage and historic Barbican district with narrow, cobbled streets and an abundance of retail shops, bars and restaurants. Also the largest City in Devon and enjoys all year round trade with easy access via the A38/M5 and mainline railway station.

Premises Details:

Ground Floor
Entrance 8.3 x 1.5m ) with stairs leading to the first floor.
Dining (4.5m x 4.2m) with tables & chairs to cover (14), settee and various pictures.
Kitchen (4.8m x 2.6m) comprising: fully fitted new kitchen with wall and base units, basin sink, dish washer (Kenwood), 7 burner cooker (Infusion), microwave (Morphy Richards) , toaster (Breville) and built in fridge freezer.
Owners lounge (5.2m x 4.6m) with sliding doors leading to outside patio area.

Basement
Laundry & stores (3.2m x 2.9m) with various built in shelves.
Laundry room (4.7m x 3.9m) comprising: upright fridge (Lec), upright fridge (Beco), various shelves, fitted kitchen units, dryer (Indesit), washing machine (Hot Point), washing machine (Bosh), dryer (Whirlpool) and various built in shelves.

Guest Accommodation
Bedroom 9 (4.0m x 3.4m) double with en-suite.
Bedroom 10 (3.0m x 4.0m) double with en-suite.
Owners accommodation
Hallway (3.4m x 2.0m)
Bedroom 1 (4.0m x 4.25m) double en-suite
Bedroom 2 (2.9m x 4.0m) double en-suite
Storage cupboard

First Floor
Bedroom 5 (2.7m x 4.9m) twin with en-suite (separate shower, W/C and wash basin).
Bedroom 6 (5.3m x 5.7m) family with en-suite (separate shower, W/C and wash basin).
Bedroom 7 (3.0m x 2.8m) double with en-suite (separate shower, W/C and wash basin).

Second Floor
Bedroom 4 (3.0m x 3.0m) single serviced by a separate bathroom (2.4m x 3.6m) with shower, cubicle W/C and wash basin).

Third Floor
Bedroom 1 (4.3m x 2.4m) single with wash basin.
Bedroom 2 (4.5m x 3.1m) double with en-suite.
Bedroom 3 (4.1m x 3.4m) double with en-suite.

External
Rear patio area and double garage (5.6m x 4.3m).

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Relocating

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