Profitable Guest House in Plymouth

£495,000 Freehold
  • rainbow12
rainbow12

Profitable Guest House in Plymouth

Rainbow Lodge, 29 Athenaeaum Street, Plymouth, Devon, PL1 2RQ

A highly desirable and profitable 6 letting bedroom guest house with extensive owners one-bedroom cottage and two bedroom apartment on ground floor. With a large walled car park, presented to a high standard throughout and all ideally located only a stone’s throw from the Barbican with its stunning sea and coastal views. Early viewings are highly recommended....


LOCATION

Rainbow Lodge Guest House is situated in a highly sought-after area of Plymouth with easy access onto all main arterial roads link both South and North Devon together M5 only a short distance away.  Conveniently located, the seafront is only a couple of hundred metres away along with recreational and educational facilities.  The city of Plymouth enjoys a population of 250000 people with a vibrant university population and high influx of tourism during the busy summer months as well as the ferry terminal connect with Europe.

 

BUSINESS

Successfully owner operated with part time assistance for many years and able to demonstrate an easily achieved turnover of £125,000 per annum. The current owners trade throughout the year, although they close for the festive periods and the odd week through-out the year. Over the last few months our clients have deliberately chosen to operate with six bedrooms only because of lifestyle choice but this could be easily returned to its full potential.  Actual trading accounts will be made available following a successful formal viewing.

 

ACCOMMODATION

 

ENTRANCE VESTIBULE

With part glazed door leading to further door into:

 

HALL

With signing-in reception desk, consul table and turning stair case to upper floors

 

DINING ROOM

4.93m x 4.57m

A beautiful dining area with 6 tables and chairs for approx. 14 covers. Also, a large breakfast bar and large windows to front making this area very bright and airy.

 

KITCHEN

3.93m x 2.63m

A newly fitted modern kitchen with a range of wall and base fitted units with inset twin stainless-steel sink and drainer. Together with a large 6 ring range cooker with double ovens, grill and extractor canopy above, dish washer, microwave oven, toasters, bain-marie and many more pieces of equipment and window overlooking hotels private courtyard.

 

OFFICE

1.95m x 1.45m

A conveniently located office area directly off the kitchen together with a large storage area to rear.

 

LETTING ACCOMMODATION

All letting bedrooms are well appointed and furnished to a high standard with hospitality tray, flat screen digital TV and full central heating throughout the property.

 

RECEPTION FLOOR

 

BEDROOM 11

A double bedroom with En-suite shower, low level WC, wash hand basin and bedroom with window to rear.

 

Stairs to:

 

FIRST FLOOR HALF LANDING

 

BEDROOM 4

Double room with En suite with shower, low level WC, wash hand basin and window to rear.

 

Stairs to:

 

FIRST FLOOR

 

BEDROOM 5

Double room with En suite with shower, low level WC, wash hand basin and window to rear.

 

BEDROOM 6

Junior Suite which is a double room with En suite with shower, low level WC, wash hand basin and window to front. A separate lounge (previously a bedroom) with two comfortable sofas, coffee table and window to front.

 

Stairs to

 

SECOND FLOOR HALF LANDING

 

STORE ROOM

With shelving throughout for linen, cleaning products and window to rear (previously a bedroom)

 

LINEN CUPBOARD

 

CLOAKROOM

Low level WC and wash hand basin for room 9 only.

 

Stairs to:

 

SECOND FLOOR

 

BEDROOM 9

Double room with private facilities

 

BEDROOM 10

Family room with 1 double bed, 2 single beds, En suite with shower, low level WC, wash hand basin and window to front.

 

Built in storage cupboard

This cupboard housing linen, vacuum cleaners, cleaning products.

 

PRIVATE BATHROOM

A shower room for room 9 only.

 

OWNERS ACCOMMODATION

The tow owner’s accommodation areas are ideally located on either the reception level to the rear of the premises and ground floor. They benefit from much light and with separate door to either front or rear of the property.

 

GROUND FLOOR

 

BEDROOM 1

Single room with sink and private facilities

 

SHOWER ROOM

 

CLOAKROOM
Low level WC and wash hand basin

 

BEDROOM 2

Double room with En suite with shower, low level WC, wash hand basin and window to rear.

 

LOUNGE

4.71m x 4.14m

A lovely bright and airy room which is big enough to take several large sofas, dining table and with window to front overlooking a pretty courtyard.

 

The ground floor owner’s area has separate door to either front or rear of the property.

 

COTTAGE

This duplex cottage is located to the rear on the reception level but can either be accessed via the guest house or independently with a separate door from the rear.

 

LOUNGE/ DINER

5.59m x 3.05m

A lovely ground floor large room which has a separate door to side and adjoins the office/kitchen by a doorway.

 

STAIRS TO FIRST FLOOR

A good-sized landing area with window to side and door to:

 

BATHROOM

A large size L-shape bathroom benefitting from a full-length bath with shower above, WC, heated towel rail vanity unit with inset sink together with ample storage space and window to side.

 

BEDROOM

4.48m x 2.88m

A large double room with extensively fitted-out storage units and window to rear.

 

OUTSIDE

At the rear of the property is a walled car park for up to 6 vehicles.  Also, there is a large storage shed and private patio area to the rear or this could be converted back to customer parking which has reduced the overall available parking.

 

FIXTURES AND FITTINGS

All trade fixtures and fittings except for our vendors private inventory will be included in this sale. A full inventory will be provided prior to exchange of contracts. All stock will be sold at valuation on completion. No testing of these fixtures or any appliance has been undertaken by the agents Ware Commercial.

 

SERVICES

Mains gas, electricity water and drainage are all connected. No testing of these services has been undertaken by the agents Ware Commercial.

 

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk

 

TENURE

Freehold

 

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial.

 


Misrepresentation Act: Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.