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Seafront 12 Bedroom Guest House For Sale

Ilfracombe, Devon, UK
Asking Price:
£450,000
Turnover:
£81,000
Net Profit:
Available on request

This is a large end terraced property which the current owners acquired some 18 years ago. They first lived in the property and utilised the ground floor as a restaurant with letting rooms over, this arrangement could easily be re-instated. In recent years the property has operated as a youth hostel with an income of around £81,000 per annum.
There are 12 bedrooms that cater for up to 55 guests as a hostel or the rooms could be arranged as 8 letting bedrooms on the first and second floor and the top floor for an owners apartment.

Available as a youth hostel or could revert easily back to a bed & breakfast establishment or alternatively as Air B&B/possible conversion of the upper floors into three apartments, subject to planning. The ground floor could be used for catering, retail or even as an art gallery, again subject to any necessary planning. Every assistance will be made available for a smooth takeover and full details of the business operation available upon request.

Property Information

Property:

Freehold

Living Accommodation:

12 bedroom guest house, most recently operating as a hostel. This is a large property with space for up to 55 guests.

Location:

In a prime tourist spot located between the seafront and the harbour of this popular resort. The property is ideally placed to take full advantage of the tourist trade, being close to the pier and beaches. In addition the property benefits from a private car park to the rear for 4 vehicles.

Energy Performance Rating:
C

Contact Information

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