Under Offer

A Stunningly Located 26-Bedroom Hotel For Sale

Paignton, Devon

£750,000 Freehold
Cambria Hotel32 Esplanade RoadPaigntonDevonTQ4 6BLView Map

A stunningly located 26-bedroom hotel for sale, in the picturesque seaside resort of Paignton, Devon. The property boasts all en-suite bedrooms, many with stunning sea views, a spacious three-bedroom owners’ apartment, parking, a lift to all floors, two entrances, gardens and is in good condition. This easily operated business is now on the market due to retirement. A full handover/training will be provided to ensure continued success. Given its layout, number of rooms and location, our clients would consider a 'subject to planning' deal for potential re-purposing. Early viewings are highly recommended.

The hotel sits on Paignton seafront, with unobstructed views of the sea and the beautiful Torbay. Opposite, there are safe sandy beaches and Paignton Pier. Within minutes’ walk, there are restaurants, bars, local amenities and a pretty harbour surrounded by tearooms & eateries. The Cambria is among the first hotels upon arriving in Paignton and is within easy walking distance of the local rail & bus station. Additionally, it offers convenient access to the main arterial motorway connecting all parts of Devon and beyond.

This family-operated hotel has been in business for over 35 years and is now on the market due to retirement. Operating mainly with part-time staff as required, has effectively kept costs down. Though our clients choose to close in the winter season, there’s ample demand to remain open. The hotel primarily attracts large parties, resulting in an impressive turnover and subsequent high net profit. However, we the agents, believe there’s an opportunity to convert it into self-contained holiday letting units, a smaller upmarket boutique establishment, or even a ground-floor restaurant with rooms above. Actual trading accounts will be available after a successful formal viewing.

ACCOMMODATION COMPRISES

Entrance through a double fronted glazed door to:

RECEPTION / HALLWAY

6.68m x 2.46m

A welcoming area with a reception desk, lift, stairs to all floors and doors to:

BAR/LOUNGE

10.10m x 6.53m

A substantial open-plan lounge/bar area with a dance floor, bespoke enclosed bar and a wall of windows overlooking the front garden & sea views, creating a light & airy space.

DINING ROOM

12.47m x 4.45m

A spacious room accommodating 12 tables & chairs, comfortably seating all hotel guests at once, with two large windows to the rear.

LOUNGE 2

6.67m x 3.66

Another sizable room with comfortable seating and a window to the side of the property.

KITCHEN

8.45m x 5.13m

A well-equipped kitchen with modern gadgets & equipment, featuring large windows to the side and a door leading to an enclosed courtyard.

LETTING ACCOMMODATION

All rooms are well-presented and feature furniture with good en-suite facilities. Each room is equipped with LCD Digital Freeview TVs, complimentary beverage facilities, bedside tables, chest of drawers and wardrobe facilities.

GROUND FLOOR

Room 1: Twin

FIRST FLOOR

Room 2: Twin

Room 3: Twin

Room 4: Double

Room 5: Twin (sea view & balcony)

Room 6: Double (sea view & balcony)

Room 7: Double

Room 8: Single

Room 9: Single

Room 10: Twin (sea view & balcony)

Room 11: Twin

Room 12: Double

Room 13: Twin

SECOND FLOOR

Room 14: Twin

Room 15: Twin

Room 16: Single

Room 17: Single

Room 18: Double (sea view)

Room 19: Double/Single (sea view & balcony)

Room 20: Family (double & 2 x single)

Room 21: Twin (sea view & balcony)

Room 22: Twin

Room 23: Store (currently used as a store)

Room 24: Twin (sea view & balcony)

Room 25: Single

Room 26: Single

Room 27: Twin

OUTSIDE (Front)

To the front of the property is an enclosed garden with bench seating, parasols, two entrances leading to the pavement and seafront access.

OUTSIDE (Rear)

Accessed via a lane off Steartfield Road, the rear offers a car park for approximately 8 vehicles. Doors which lead to the owners’ accommodation, kitchen and a garage.

GARAGE

5.70m x 4.87m

PARKING

While there is limited parking to the rear of the hotel, pay-display parking and licensed parking nearby are available, along with unrestricted single yellow line parking during the winter months (Sept – May).

FIXTURES AND FITTINGS

All trade fixtures and fittings, excluding the vendor’s private inventory, are included in the sale. A full inventory will be provided before 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, drainage, and ultra-fast broadband 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 are strictly by appointment through Ware Commercial. Contact details: Tel: 01803 328880 or 01392 462266; Email: [email protected]

Website: 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.