A highly profitable turn-key 10 x unit Airbnb guest house situated in Exeter, Devon.

Exeter, Devon

Melbury House4 Queens CrescentExeterDevonEX4 6AYView Map

A highly profitable turn-key 10 x unit Airbnb guest house situated in the very heart of the sought-after cathedral city of Exeter, Devon within minutes’ walk to the city centre, hospital and University. The rooms all have quality en-suites, kitchen facilities and there are also communal areas and enclosed private garden for the guests. No breakfast is provided and the occupancy percentage is over 90%. Subsequently, the profits are impressive in this all-year-round busy city. The owner’s accommodation is a flexible one-bedroom luxury maisonette and a separate self-contained one-bedroom studio apartment with its own private large outdoor garden space with jacuzzi. The owner’s accommodation could be let too.

The property could not be more central to Exeter city centre and is ideally positioned within easy walking distance to all the lovely restaurants, bars, cinemas and theatres. Within easy access are main road links to the M5 motorway. Both bus and train stations with London 2-hour connectivity are only minutes’ walking distance away. Nearby are several car parks and the property benefits from residential parking. On the outskirts of Exeter is an International airport and surrounding the city is open countryside.

The business is operated by a couple without the need of staff; however, the income would easily pay for such, which would allow any new owners more time off. The current income is over £4000 per week with very low overheads. Not all the accommodation is let (9 units let currently) because of owner’s extended family members and choice. We feel that there is tremendous scope to fine tune and expand on this income further. Full hand over will be provided to ensure a smooth transition and continued success. Actual trading accounts will be available following a formal successful viewing.

3 x double bedroom units
1 x single bed unit

3 x double bedroom units
1 x single bedroom units

1 x triple bedroom unit
1 x double bedroom units

Even though the letting units have their own mini warming kitchen facilities, there is a beautiful kitchen on offer together with a conservatory with clothes washing facilities.
Through the conservatory is an outdoor space with comfortable seating which is available for all the guests.

To one side of the property is a luxury one bedroom maisonette with its own large lounge, kitchen and patio doors leading out to a private large terrace. There is also a one-bedroom self-contained unit which is currently occupied by a family member but could easily be made available for letting. The owners can access their accommodation both via the business or with their own front door.

Within 100 meters is a council carpark and the property also benefits from residents parking permits.

All trade fixtures and fittings except for our vendor’s 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.

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

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk (currently the property is fully exempt from business rates because of small business rates relief)


All viewings and enquiries 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.