The premises consist of a substantial property set back from the main road and river with the ground floor taken up entirely by the large 18 seater licensed breakfast room as well as attractive bar together with the main reception for the hotel and well equipped commercial kitchen. The property was completely refurbished and upgraded in 2008 and now provides a modern guest house with 5 luxuriously appointed en-suite bedrooms all well-equipped and fitted with modern furniture throughout. The property also has the benefit of valuable private parking for 6 cars plus up to 10 picnic tables overlooking the Lyn River. In 2019 the current owners, who have been in occupation for the last 9 years, converted a former store into a quality open plan 2 bedroom owner’s apartment with one of the bedrooms having an en-suite facility and there is also a guest shower room.
Refurbishment programme
Planning consent was granted on the 12th January 2007 ref 62/41/06/044 for alterations and extensions including the raising of the rear gable on the rear first floor extension as well as alterations to the windows. At that time the property was completely refurbished and redesigned. On the 20th February 2008 further consents granted under reference 62/41/07/041 for a 2 storey extension that will allow for the enlargement of the hotel to a 10 bedroom hotel. Therefore there is huge potential to redevelop the accommodation further.
Licenses
We understand that the property benefits from a premises licence under the Licensing Act 2003 licence number PLWA0327.
The business
Operated by the two proprietors plus part time staff, this is a high quality bed & breakfast establishment. With one family suite and 4 further en-suite bedrooms the tariff ranges from £135 per night to £180 per night. Takings for the last financial year 2021 to 2022 produced takings of about £99,000 per annum. We strongly recommend early viewing of this successful business to avoid disappointment. The restaurant is currently for the exclusive use of guests staying at the property. However in previous years it was established as a busy catering premises open to the general public and it is considered that this part of the business could be exploited again to add another income stream.
Agents note
The property is set back from the main road in Lynmouth Street and overlooks the shared approach road into the cul-de-sac private car parking area with spaces as well as an area for outside seating directly overlooking the West Lyn River. It should be noted that the double garage is owned by another party as is one parking space at the top of the car park. In addition there is a SWEB sub-station within the parking area and the electric company have a right of way over the approach road. To the rear of the property is an enclosed yard. For more info about the rights of way please contact the agents.
