A beautifully presented Victorian hotel/guest house for sale

Torquay, Devon

£1,495,000 Freehold
Meadfoot Bay HotelMeadfoot Sea RoadTorquayDevonTQ1 2LQView Map

ABJECT LUXURY ON THE ENGLISH RIVIERA

This beautifully presented Victorian hotel/guest house is ideally situated in a highly sought-after address within Torbay, Devon. It comprises 15 luxurious letting suites/bedrooms, a lounge/bar, library, dining room, well-equipped kitchens, and a flexible owner's 3-bedroom penthouse with breath taking water views, which could easily be expanded to 6 or 7 bedrooms. The establishment has undergone a complete refurbishment program and is now presented to an exceptionally high standard throughout. It also offers several outside spaces, a large car park, and represents a truly valuable opportunity to acquire a prized boutique establishment that is just a stone's throw away from the beach, harbour, and town.

Due to its size and frontage on two roads, it also offers potential for redevelopment, fantastic residential accommodation, or a home with an income opportunity. Early viewings are highly recommended for this fantastic business opportunity.

This beautifully presented Victorian hotel/guest house is ideally situated in a highly sought-after address within Torbay, Devon. It comprises 15 luxurious letting suites/bedrooms, a lounge/bar, library, dining room, well-equipped kitchens, and a flexible owner’s 3-bedroom penthouse with breath taking water views, which could easily be expanded to 6 or 7 bedrooms. The establishment has undergone a complete refurbishment program and is now presented to an exceptionally high standard throughout. It also offers several outside spaces, a large car park, and represents a truly valuable opportunity to acquire a prized boutique establishment that is just a stone’s throw away from the beach, harbour, and town centre. But it doesn’t end there – due to its size and frontage on two roads, it also offers potential for redevelopment, fantastic residential accommodation, or a home with an income opportunity. Early viewings are highly recommended for this fantastic business opportunity.

Meadfoot Bay Hotel is ideally located in the highly sought-after affluent residential area of Meadfoot in Torquay, along a tree-lined road leading down to the water’s edge. Only a short walk away is the picturesque Marina and Harbour of Torquay, and a level walk along the Esplanade provides stunning views over the bay towards Paignton and Brixham. The Riviera Conference Centre and train/bus stations are nearby. Torquay is ranked as the No. 1 staycation destination in the UK and is an all-year-round busy coastal resort. Conveniently located along the Jurassic Coast and only an easy drive to places such as Dartmoor National Park, Dartmouth, the Eden Project, and the Cathedral city of Exeter with its International airport and M5 motorway, linking all parts of the UK.

Previously, our clients operated the hotel with a successful restaurant that achieved an income of over £600k per year, and as a guest house only, a realistic income of £300k can easily be achieved. Upon arriving at this property, you cannot help but smile at the beauty of this Victorian Villa and when entering the property, it does not disappoint. This easily operated business is turn-key, and a full handover/ training will be offered. Because of its size, versatility, and fronting two roads, it offers a complete or partial redevelopment opportunity. Currently, the business is not trading due to our clients’ other pressing business interests and relocation. However, it can easily swing back into action within a few weeks. The website and social media online presence are currently on hold, but all of this will be activated when handed over to the new owners. Accounting information will be provided following a successful formal viewing.

ACCOMMODATION COMPRISES:

Entering through a large door to

GROUND FLOOR

RECEPTION / HALLWAY

A stunning and impressive welcoming space with a turning staircase to the upper floors and doors to

DINING ROOM

The newly refurbished dining room is positioned at the front of the building, with double doors opening to the front decked terrace, which can accommodate up to 28/30 guests with a further capacity of 12 in the outdoor decked area.

LOUNGE / BAR

A comfortable tranquil room with an open-plan bar and lounge with a range of comfortable seating for 20 guests.

LIBRARY

The library features high ceilings, original cornicing, an ornate open fire, shelving with books and comfortable seating for guests who wish to seek peace and quiet, whilst immersing themselves in a book or reading a paper.

OTHER

Ancillary areas include a well-appointed commercial kitchen, a further back kitchen, an office, a laundry room, a housekeeper’s room and numerous storage rooms.

LETTING ACCOMMODATION

All rooms have recently been decorated to a high standard and feature high-quality en-suite facilities. The rooms are equipped with up-to-date amenities, including LCD Digital Freeview TVs, complimentary beverage facilities, bathrobes, quality bathroom toiletries, high-end beds, bedside tables, chest of drawers, and wardrobe facilities.

The hotel benefits from 15 beautifully presented en-suite rooms and the categories of the letting rooms are as follows:

– Two suites, both with private terraces.

– One junior suite with a four-poster bed.

– Three deluxe bedrooms.

– One classic room with a terrace.

– Three classic rooms.

– Two standard doubles.

– One compact double.

– One lower ground dog-friendly room.

– One single room (not used).

OWNERS’ ACCOMMODATION

The owners’ sumptuous 3-bedroom penthouse apartment has recently undergone renovations, which definitely have the wow-factor upon entering. The apartment features a large open-plan lounge and dining room with full-length patio doors leading out to the large private balcony with stunning sea views. Leading off the hallway but also accessible via the lounge/dining room is a separate modern kitchen and utility room. The large master bedroom includes an en-suite bathroom and there are two further double bedrooms, one with an en-suite. The owners’ accommodation benefits from its own garden with a decked area, storage shed, garage, and direct access to St. Marks Road.

OUTSIDE

To the front of the property is the car park and two outside seating areas, which are surrounded by mature planting providing privacy to the property.  To the rear is a further large garden together with a garage, car access and storage shed which is for sole use of the owners.

PARKING

Immediately to the front is a large newly resurfaced car park for approx. 12 vehicles and there is additional unrestricted parking on the road at the front of the hotel.

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 the exchange of contracts. All stock will be sold at valuation upon completion. No testing of these fixtures or any appliance has been undertaken by the agents, Ware Commercial.

SERVICES

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

BUSINESS RATES

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

TENURE

Freehold.

VIEWINGS

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

TEL. 01803 328880 or 01392 462266 Email. [email protected]

www.warecommercial.com

 

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.