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Ideally Located Guesthouse In Paignton For Sale

Paignton, Devon, UK
Asking Price:
£369,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An ideally located seven to eight bedroom guesthouse offered for sale in the highly sought after coastal town of Paignton, Devon, just a short stroll from the beachfront and seafront promenade. Presented in excellent turn key condition throughout, this attractive property has been owner operated for many years and enjoys strong levels of repeat custom driven by its quality accommodation, prime location and licensed guest parking.

The business operates efficiently without the need for staff and has traded successfully for many years. Due to the owners’ lifestyle choices and extended family living within the property, the guesthouse has not been operating to its full potential, with some rooms currently not available. With minimal alterations, the property could easily operate with up to eight letting rooms, offering clear scope to increase turnover.

Trade fixtures, fittings, equipment, land and buildings included except the vendor’s private inventory. Full inventory to be provided prior to exchange.

The owners benefit from generous private accommodation, including en suite bedrooms, a large private lounge and a beautiful enclosed courtyard garden that provides a peaceful retreat away from guest areas. Fixtures, fittings, equipment, land and buildings are included in the sale, excluding the vendors’ private inventory, ensuring a smooth transition for new owners.

This is the first time the property has come to the open market in many years and early viewings are highly recommended to avoid disappointment. Trading accounts will be made available following a successful formal viewing.

Property Information

Property:

Freehold

Living Accommodation:

The owners occupy two en suite bedrooms within the main property across the first half landing and second floor, with an additional ground floor en suite room currently used as a gym and storage. The owners also enjoy a large private lounge with ornate fireplace and bay windows to the front, along with a private enclosed courtyard garden that provides a tranquil and separate living space.

Location:

Ideally positioned within walking distance of Paignton town centre, the seafront promenade and beach. The location benefits from proximity to a large town centre car park, strong tourist footfall and easy access to Plymouth, Exeter, the M5 motorway and Exeter International Airport.

Premises Details:

Entrance is via a forecourt into a bright and welcoming vestibule with guest seating and tourist information, leading through to a wide reception hallway with staircase to upper floors. Guest facilities include a well arranged dining room with breakfast bar and direct access to a private enclosed courtyard, ideal for morning service.

The kitchen is well designed and fully equipped for guesthouse operation, offering good visibility across the dining area. Guest bedrooms are presented to a high standard throughout and all benefit from en suite facilities and modern in room amenities.

External areas include an enclosed terrace to the front for guest seating, a private rear service courtyard with access to a service lane, and a dedicated laundry room within the courtyard. Licensed guest parking arrangements are in place and will continue for visiting guests.

Size in square feet:
Dining room 5.94m x 3.97m. Kitchen 2.41m x 1.48m and 3.71m x 2.10m. Office and ancillary rooms as described. Additional room sizes available upon request.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

With some rooms currently used by extended family, the property offers clear scope to increase income by reinstating up to eight letting rooms. Additional growth could be achieved through increased online exposure and targeted marketing.

Competition / Market:

The business benefits from strong repeat custom, driven by its prime location, quality accommodation and licensed guest parking.

Reasons for selling:

Lifestyle decision by the owners.

Trading hours:

Successfully owner operated for many years, currently trading below potential due to lifestyle choices.

Employees:
Owner operated with no staff required.