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Impressive East Devon Coastal B And B Holiday For Sale

Beer, Devon, UK
Asking Price:
£450,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Under £50K

THE PROPERTY
Belmont House is an attractive period, end of terrace residence, with origins that reputably date back around 200 years. Constructed from the famous Beer Stone under a pitched slate roof and having been the subject of considerable investment and improvement by our client during 17 years of ownership, Belmont House is presented to an extremely high standard and is a ready to trade "turn-key" opportunity. Benefitting from a fire alarm system, central heating and low maintenance double glazed windows, this extremely flexible and versatile property briefly comprises:- five en-suite double bedrooms, sitting room, dining room, kitchen, utility room and cloakroom. Externally, to the front of the property is a small terrace providing a seating area and to the rear is an enclosed gravelled garden with a timber beach hut. The sale of Belmont House represents an opportunity to purchase an extremely well maintained and versatile property within a highly sought after and desirable East Devon coastal village, coupled with a lucrative business opportunity. It also offers all the flexibility of a lifestyle business and investment opportunity, either as a bed and breakfast or alternatively as a holiday let. A viewing is strongly recommended in order to fully appreciate all that this desirable coastal property has to offer.

INTERNAL DETAILS
GROUND FLOOR
Main entrance door to front, into double glazed Entrance Porch with part glazed front door leading into Reception Hall with stairs to first floor and doors into; Sitting Room with dual aspect to front and side, carpeted flooring, wall and ceiling lights and ceiling fan. Dining Room aspect to front and wood laminate flooring. Inner Lobby with under stairs storage cupboard. Kitchen with aspect to side, well presented and fitted with a range of modern contemporary white gloss base and wall mounted kitchen units with complementary worksurfaces and integral upright larder fridge, under counter freezer, dishwasher and microwave oven. Oven with four ring hob and grill, Rayburn Royale range and extractor fan. Through to rear Laundry/Utility Room with washing machine and two tumble dryers and door to rear. Cloakroom with WC and hand basin and storage cupboards. Bedroom 5 - a good sized superior double bedroom with built in wardrobes, hand basin set in vanity unit, tea and coffee making facilities, wall mounted remote control TV/DVD, seating area and an en-suite shower room with WC. This room would make a perfect owners private bedroom which in conjunction with the sitting room or dining room would form private self-contained owner's accommodation.

FIRST FLOOR
First floor landing with storage/laundry cupboard and hatch to loft space. Bedroom 1 - a double letting room with dual aspect to the front and side, tea and coffee making facilities, wall mounted remote control TV/DVD and an en-suite shower room. Bedroom 2 - a double letting room with twin aspect to the front, tea and coffee making facilities, wall mounted remote control TV/DVD, hand basin in vanity surround, shower cubicle and WC. Bedroom 3 - a small double letting room with aspect to the side, tea and coffee making facilities, wall mounted remote control TV, and an en-suite shower room. Bedroom 4 - a good sized superior double deluxe room with seating area/occasional bed, aspect to the rear, tea and coffee making facilities, wall mounted remote control TV, mini fridge and an en-suite bathroom with corner bath and shower over bath.

EXTERNAL DETAILS
To the front of the property is a Walled Terrace Area with space for two sets of bistro style tables and chairs. To the rear of the property is a bin store area and situated across a shared pedestrian pathway is an Enclosed Gravelled Garden with a Timber Beach Hut for storage. Car parking is provided within the public car park opposite with parking permits available for each of the letting rooms at a cost of around £18 per month per permit.

THE BUSINESS OPPORTUNITY
Belmont House is extremely well presented throughout and was acquired by our clients in 2004 who traded the business on a bed and breakfast basis, achieving a four-star silver award. Having moved abroad in 2016, Belmont House has been let as a holiday let, and a room only basis, with the downstairs able to form a letting apartment, or providing extended owner's accommodation. In its current layout, it has achieved income of up to £3,150 per week during peak periods. The property boasts its own websites, including which continue to generate significant enquiries and online bookings. Our client does not envisage any issues with re-establishing the lucrative bed and breakfast trade, especially by making use of the various online accommodation booking websites, as there are only 5 B&Bs in Beer and there is a considerable demand for guest accommodation in the village. When operated as a bed and breakfast, our client traded for approximately 6 months each year, although there is plenty of opportunity to trade all year round should new owners wish to do so.

TRADING INFORMATION
We are advised that for the financial year ended March 2020, income amounted to £50,619.

POTENTIAL
The sale of Belmont House is reluctantly offered for sale, due to retirement. It provides an excellent opportunity to acquire an extremely well maintained and versatile property within a much sought after and highly regarded East Devon coastal village. Potential exists to re-establish Belmont House as a thriving bed and breakfast business and there is also the opportunity to continue letting Belmont House on a room only/ holiday let basis. The sale of Belmont House provides an excellent opportunity to enjoy an enviable lifestyle in this most sought after and picturesque Devon coastal village.

Property Information

Property:

Freehold

Location:

SITUATION
Belmont House is situated in the heart of Beer just off of Fore Street, the main thoroughfare of the village, and is opposite the main village centre car park. The property also lies a short walk from the beach with the South West Coastal Footpath and a number of popular tourist attractions also within easy walking distance. Beer is one of East Devon's most favoured villages which nestles on the East Devon Jurassic Coastline which is designated as an area of outstanding natural beauty and has been awarded World Heritage Status by UNESCO. Beer is a rare example of an unspoilt Devon fishing village, with a wealth of history attached to it. It has a past steeped in tales of sea faring and smuggling, and the quarried stone in Beer has been used in many historic buildings such as St Pauls Cathedral, parts of Westminster Abbey and the Tower of London. The picturesque cliffs form part of the South West Coastal Footpath and act as a magnet for holiday makers and day trippers year-round. Lying just off the main A3052 coast road, between the popular coastal towns of Sidmouth (7 miles) and Lyme Regis (11 miles), Beer is also easily accessible to the regional capital, Exeter (25 miles) with its motorway access, international airport and mainline railway station. Beer is also a finalist in Channel 4's Village of the Year.

Business Operation

Reasons for selling:

Retirement Sale

Other Information

Related Documents:

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