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Successful Small Guest House For Sale

Lynton, Devon, UK
Asking Price:
£455,000
Turnover:
Under £50K
Net Profit:
Available on request

Our clients acquired the property in 2016 and are now selling to move to be closer to their family. The property trades as a traditional guest house with refurbished accommodation over three floors. To the ground floor there is an entrance hall with comfortable breakfast room to the front with a bay window, seating and affording views over the gardens and village. From the hallway a through guest lounge gives access to the lobby, from which there is a refurbished kitchen and utility room to one side, which is ideal for storage. Beyond the refurbished kitchen there is a comfortable owner's lounge with a store room off (this was formerly a bedroom). From the lounge there is access to a rear store room, beyond which access is gained to the garden to the rear. The owner's private accommodation is currently arranged on the first floor as two bedrooms with a private bathroom WC. There are five comfortable letting bedroom suites all with en-suite facilities. The garden benefits from the valuable asset of a rear car park with ample parking for guests for up to 3/4 vehicles. We understand the business will be offered comprehensively furnished and equipped as a going concern, subject to inventory and excluding those items of a personal nature.

THE BUSINESS
Our clients operate the business on a seasonal basis which provides an income of approximately £46,600 in 2018 and £49,000 per annum in 2019. The owners have undertaken a schedule of improvements including new carpets, bedroom furniture, oil fired central heating, upgrading most letting en-suite facilities and fire alarm systems.
The business is highly rated on booking.com and other main hospitality portals. The business was awarded 4* Silver Rating by Visit England. We understand that Lynton will soon have fast fibre internet access. The rooms let between £75 per night up to £120 per night for the family suites.

AGENTS NOTE
We are selling the virtual Freehold - Remainder of 999 Year Lease.

Property Information

Property:

Freehold

Living Accommodation:

2 Private bedrooms and 5 letting suites

Location:

In a busy tourist trading position South View Guest House is set back from the main road, which runs through the heart of Lynton, and is within level walking distance of all amenities, the town hall and the famous Valley of the Rocks. Nearby is the Post Office, Toy Museum and numerous shops, car parks and the famous Cliff Railway connecting Lynton to the resort of Lynmouth at sea level.

Energy Performance Rating:
D

Contact Information

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