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Successful 10-Bedroom Freehold B&B In Totnes For Sale

Totnes, Devon, UK
Asking Price:
£1M - £5M Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Highly successful freehold B&B in sought-after Totnes, offering 10 en-suite letting bedrooms, separate owner’s accommodation and significant potential to increase revenue from extended year-round trading and additional accommodation.

The Old Forge is an established superior B&B operating from an historic property believed to date back approximately 600 years. The accommodation includes 10 en-suite letting bedrooms across the main house, Cottage Suite and outside accommodation, alongside reception facilities, breakfast room, kitchen, conservatory and attractive gardens. The property has been extensively improved during the current ownership and is undergoing further refurbishment, including four new bespoke en-suite letting rooms, internal redecoration and a replacement balcony.

Situated in the desirable Bridgetown area of Totnes, the business provides a convenient base for exploring the South Hams, South Devon coastline and Dartmoor National Park. Totnes offers independent shops, restaurants, inns and a mainline railway station with direct services to London Paddington. The business attracts repeat guests and overseas visitors and is stated to achieve excellent reviews across digital and booking platforms.

Despite its successful trading history, The Old Forge is operated as a lifestyle business and currently closes for approximately three to four months each year, providing substantial scope to increase revenue through extended trading. Further potential is provided by garden accommodation which could be renovated and let, while the property's flexible configuration offers opportunities for boutique hotel, self-catering, Airbnb, short-term letting or multi-generational residential use. Any conversion or alternative use would be subject to the necessary consents where applicable.

Separate, recently renovated owner’s accommodation provides an attractive home-and-income opportunity. Turnover from the existing limited trading period is described as exceptional, with a very strong abridged net profit. Further financial information is available to bona fide interested parties.

Enquiries are invited for further information and to arrange a viewing.

Property Information

Property:

Freehold

Lease Terms:

Furnishings and equipment are included subject to inventory, excluding the owner’s personal effects.

Living Accommodation:

The Old Smithy provides separate reverse-level owner’s accommodation and has recently been completely renovated and refurbished to a high specification.

Ground floor:
Entrance hall.

Large double bedroom with extensive fitted wardrobes.

Separate bathroom.

First floor:
Open-plan kitchen and living room with vaulted ceiling and bi-fold doors opening onto a suspended balcony.

Location:

The Old Forge is situated in a secluded and desirable area of Bridgetown in Totnes, Devon.

Totnes is a popular South Hams market town with a thriving market and a wide selection of independent shops, supermarkets, restaurants and inns. Dartmoor National Park is approximately 10 miles to the north, while the South Devon coastline and beaches are approximately 10 miles to the south.

Totnes has a mainline railway station providing direct connections to London Paddington. The town also has access to the A38 Devon Expressway, connecting Plymouth and Exeter and onward to the M5.

Premises Details:

The Old Forge is an historic stone property believed to have been built approximately 600 years ago. It was originally used as workshops for the Duke of Somerset’s Berry Pomeroy Castle and Estates and was previously used as a courtroom. Former uses are understood to have included workshops for a blacksmith, wheelwright, carpenter and coach builder.

A small Grade I Listed former jail forms part of the rear of the property and is currently used as a cellar. The Grade I listing applies only to this part of the building.

The main house is entered through a stone-built archway into a reception area with feature fireplace.

Ground-floor facilities comprise a modern kitchen, separate utility room, office, breakfast room and glazed garden conservatory.

The main house guest accommodation comprises one substantial ground-floor bedroom with en-suite shower room and private patio garden, together with six first-floor en-suite letting bedrooms.

The Cottage Suite provides two bedrooms with en-suite facilities and a kitchen/living area.

Outside is a detached building currently divided into three accommodation areas, including two double bedrooms with en-suite shower rooms and a substantial third suite with en-suite bedroom and garden room/conservatory. The building could potentially be converted into one detached property, subject to planning.

The property is undergoing a refurbishment project including four new bespoke en-suite letting rooms, complete internal redecoration and replacement balcony.

The secluded south/southwest-facing walled garden includes lawns, seating areas, shrubs, fruit trees, a pond and greenhouse.

A private walled cobbled area to the front provides private parking.

The property has been almost entirely renovated during the current ownership, including upgrades to electrics, fire security systems and kitchen equipment.

Planning Consent:

The detached outside building is stated to offer potential for conversion into one detached property, subject to planning.

Energy Performance Rating:
C

Business Operation

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

There is significant scope to increase revenue as the successful business is currently operated on a lifestyle basis and closes for approximately three to four months each year.

Additional garden accommodation could be renovated and offered for letting, providing potential to increase accommodation income.

The detached outside building could potentially be converted to form one detached property, subject to planning.

The overall property also offers flexibility for operation as a boutique hotel, self-catering accommodation, Airbnb/short-term rentals or multi-generational residential accommodation, subject to any necessary consents.

Competition / Market:

The Old Forge operates as a superior B&B and trades year-round apart from approximately three to four months of annual closure under the current lifestyle operation.

The business benefits from a high percentage of repeat guests, strong overseas visitor trade and excellent reviews across portal and digital media platforms.

Turnover from the limited trading period is described as exceptional, with a very strong abridged net profit. Specific figures have not been disclosed.

Trading hours:

Year-round apart from approximately three to four months of annual closure under the current lifestyle operation.

Employees:
One owner, assisted by their partner and occasional assistance from one part-time member of staff.