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Profitable, Prominent Dunster Eatery, Guest House & Home For Sale

Dunster, Somerset, UK
Asking Price:
£950,000
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

FOR SALE OR LEASE

A large, flexible and characterful mixed-use property in the heart of Dunster village.​ ​Ready to trade. For sale as a going concern. Freehold. (May consider lease or lease to buy options - please contact us for information)

This substantial, six bedroom mixed use property is located at the heart of Dunster’s thriving High Street. With one of the National Trust’s busiest attractions on the doorstep and situated within the Exmoor National Park, this property comprises a busy tea shop and lunchtime restaurant, a highly rated three and a half bedroom B&B and wonderfully flexible owners accommodation. With further scope to expand income and add value, this stunning property will suit investors and those buyers looking for a home-and-income opportunity.

This spacious 16th Century, Grade II listed property comprises a successful tea room and lunchtime restaurant, a three and a half bedroom, highly rated Bed and Breakfast and spacious three-bedroom owners accommodation. The current owners also sell a number of collectables and antique items within the tea shop and courtyard, further enhancing returns from this property.

The deceptively spacious Olde House not only provides substantial income from the existing businesses but also offers further potential to develop the trade by year round operation or broadening the opening hours.

Ground Floor:

From its imposing, blue washed frontage on the High Street, there are two main entrances via the tea shop and through an arched doorway to the courtyard beyond. The large doorway provides easy staff and delivery access to the kitchen, ancillary storage area and annexe.

Owners accommodation can be accessed via both entrances, with guests having access via an external staircase to the bedrooms. Emergency and amenity access is provided between the owners and guest accommodation via a security door.

Internally, the ground floor is largely occupied by Tessa’s Tea Shop. Comprising 40 inside covers and up to 30 outdoor covers, this thriving business offers a range of barista coffee, artisan teas, handmade cakes and a substantial hand prepared menu including popular vegetarian and GF options. With a walk-up counter area with Nero coffee machine, large catering kitchen with stainless steel working surfaces and KP / dishwash area, there is plenty of capacity to expand operation into evening catering or for private events. (Subject to necessary consents)

Note: Following the Coronavirus crisis, the tea shop is offering a reduced service. Internally, it is possible that up to twelve people could be seated whilst complying with distancing recommendations. While the business owners are currently choosing to operate a minimised service to provide more space to patrons, new owners or tenants may now legally run at the maximum capacity.

Outside there is a seating area and a customer WC. A Workshop with workbench and a Gymnasium space with Hot Tub and cycle store is also available.

Also on the ground floor is ancillary (one bedroom) living accommodation with stunning wood-burning stove, shower room and bedroom. This space could provide the perfect space for an extended family or as a working from home studio.

First Floor:

The first floor is split into owners accommodation and one bed & breakfast letting room, both with fully renovated ensuite facilities. The accommodation is separated by a lockable door, providing for amenity access but assuring complete privacy for owners and guests alike.

The owners accommodation is split level and accessible from two external stairways or an internal winding staircase rising from the ground floor. A large, dual aspect living / dining room is bright and comfortable, with painted floorboards and large sash windows, with the front aspect overlooking Dunster’s charming High Street.

A country style kitchen, with painted units, range cooker and breakfast space overlooks the courtyard below.

From here, an adjacent galleried hallway with integrated storage and a cast iron staircase rises to a large bedroom studio suite with renovated ensuite shower room and raised lounging space.

Newly installed Conservation roof windows provide southerly light and a separate entrance leads via an external staircase to the courtyard.

Back on the lower first floor level, a super-king sized principal bedroom with built-in wardrobes boasts a large ensuite bathroom with jacuzzi bath, separate walk-in shower and LED mood lighting. The bedroom has a large casement window overlooking the courtyard below.

Second Floor:

The second floor in the front-facing main house is dedicated to B&B accommodation. There are two bedrooms arranged as follows, with both being accessed from a staircase and landing.

Room 1 is a large, king-size letting bedroom with full ensuite bathroom. The bedroom boasts magnificent far reaching views to Blue Anchor Bay and the Bristol Channel.

Room 2 is a further letting bedroom arranged as a king-size main room and a separate anteroom with twin beds, ideal for family accommodation. This bedroom has a lovely ensuite bathroom and also benefits from splendid views across Dunster’s rooftops to the sea beyond.

A new, slate roof was completed to all elevations and elsewhere the building is in excellent order, requiring only the usual routine maintenance.

Draft lease arrangements:

1- Five year full repairing and insuring lease arrangement.
2 - Ingoing £60,000.00
3 - Monthly (PCM) rent payments of £3,500.00
4 - Full legal heads of terms apply.

If interested, please contact us by filling the form given below. Face to face viewings are now available via the owner and virtual visits may be possible via FaceTime, WhatsApp or Zoom.

Priced at OIRO £950.000

Property Information

Property:

Freehold

Living Accommodation:

Well appointed and spacious two bedroom, bohemian style accommodation, offering complete privacy from commercial enterprise. Beautiful double aspect lounge, large breakfasting kitchen and huge principal suite. Large, dual level bedroom, shower room and studio space. Separate ground floor ancillary accommodation for teenagers or elderly relative.

Location:

Prime High Street location in the heart of the Exmoor honeypot village of Dunster. Adjacent to plentiful on-street and public car parking.

Premises Details:

A prominent, blue-washed 16th Century terraced property with substantial guest accommodation, private spaces, tea garden, gymnasium and workshop.

Planning Consent:

Grade II Listed. A3 Consent. Trading as two separate commercial entities - B&B and Tea Shop. Living accommodation is registered as domestic property. Planning authority: Exmoor National Park.

Business Operation

Expansion Potential:

The current owners have not offered an evening menu and trade for approximately 8.5 months per year. There is an opportunity to expand evening and winter service, catering for off-season visitors - especially on sunny winter days. As at July 2021, visitor numbers to Dunster are up by 20% on pre-pandemic levels and there is a significant opportunity to broaden the menu and offer earlier and later service.

Competition / Market:

Dunster was once known as "a country village with a dozen tea shops", however since the heyday of post-war homegrown travel, Dunster is now home to a mixture of catering and retail establishments offering everything from sarsaparilla to sushi! As at July 2021, there are 6 privately run tea shops and several further National Trust venues. With over 250,000 visitors per annum, there is plentiful footfall for coexistence. In 2019, visitor numbers were recovering well from previous fallow years and in the early days following the reopening post Covid-19, visitor numbers are around 23% up year over year.

Reasons for selling:

The owner is retiring and her son (who runs the B&B) is relocating outside of the area.

Trading hours:

Monday to Friday: 11am - 4pm
Saturday: 10.30am - 5pm
Sunday: 11am - 5pm
Open from Easter to October half term (2021)

Employees:
No TUPE
Years established:
Tea Shop - 13 years. B&B over 3 years.

Other Information

Support & training:

A complimentary handover to potential buyers is available. All Intellectual Property and suppliers information will be included in the sale.

Website:
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