Profitable Guest House in Babbacombe

Torquay, Devon

£465,000Freehold
Babbacombe Palms2 York RoadBabbacombe PalmsTorquayDevonTQ1 3SGView Map

A highly profitable 8 letting bedroomed guest house for sale next to the sought after Babbacombe Downs, Torquay, Devon. This successful owner operated business has been operating for many years with 7 letting rooms because of lifestyle choice. It generates an impressive income allowing our clients to open for only 10 ½ months per year, giving them opportunity to travel abroad and enjoy an enviable lifestyle. The property has undergone a rolling refurbishment programme and benefits from a large dining room, guest lounge / bar, spacious two-bedroom owners’ accommodation as well as a private garden to the rear with mature shrubbery and palm trees....

LOCATION

Torquay is one of the UK’s most popular holiday destinations, with a good all-year round trade. The property is situated within the area of Babbacombe which is within 200metres from Babbacombe Downs with its magnificent views over the beaches of Lyme Bay. This immediate area is famed for its Model Village, Babbacombe Theatre and a plethora of local pubs and restaurants. Within walking distance are all local amenities and major arterial road links, train and bus station are nearby.

BUSINESS

Babbacombe Palms Guest House has been trading successfully by its current owners for many years and enjoys a high level of repeat custom and is greatly liked by visitors and locals. It is operated solely by a husband and wife team with only 7 bedrooms, but we the agents feel that there is tremendous scope to expand on the already impressive turnover figures by opening all of the 8 rooms and by utilising internet advertising further. Whilst there is a liquor license, but this should also be marketed to be supplied to the room for special occasions. Currently trading for approximately 10 ½ months per year due to lifestyle choice. Actual trading accounts will be made available following a successful formal viewing.

ACCOMMODATION

Entrance via path to front with bench seating, illuminated sign and palm trees to side. Large door to:

Vestibule with a further part glazed door to:

RECEPTION FLOOR

HALLWAY/RECEPTION

This is a lovely welcoming space with high ceilings, wall mounted fire alarm panel, under stairs cloak room with low level WC and wash hand basin, turning staircase to upper floors and doors to

DINING ROOM

4.90m x 4.55m

A large space with an extensive breakfast bar with under counter refrigeration, eight tables and chairs for approx. 18 covers, fireplace with a wood surround, wall & ceiling chandelier and window to front making this space light and airy.

LOUNGE/BAR

5.00m x 4.56m

An open plan space with a bespoke bar with wood front and surround. To the rear is an array of optics, under counter refrigeration and ample shelving for glassware and general storage. Also, within this area is comfortable seating and coffee tables, large wall mounted TV screen, glass display cabinet with locally produced cards and bay windows to side creating much natural day light.

KITCHEN

4.98m x 2.79m

A lovely working space situated close to the dining area and is comprehensively equipped with a six ring gas cooker with double oven, twin stainless sink and drainer, dish washer, microwave oven, toaster, large double fronted American fridge and freezer and ample wall and base fitted units to store crockery, cutlery and glassware. To the rear of the kitchen is a smaller larder storage area and dual aspect windows and glazed door to rear garden.

Stairs to:

LETTING ACCOMMODATION

All rooms have recently been decorated to a high standard. They all feature furniture and are equipped with good en-suite facilities. The high standards of the rooms are complimented with up to date equipment including LCD Digital Free view TV’s, complimentary beverage facilities, bedside tables, chest of drawers and wardrobes facilities.

RECEPTION LEVEL

BEDROOM 1

A double room with a Super King bed (zip & link bed, either twin or double). The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to the rear.

FIRST FLOOR

BEDROOM 3

A double room with a Super King bed (zip & link bed, either twin or double). The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has a window to the rear.

BEDROOM 4

A single bedroom with a spacious smaller double bed. The en-suite comprises of a shower, low level WC and wash hand basin in the room. The bedroom has a window to the front.

BEDROOM 5

A double room with standard double bed. The en-suite comprises of a shower, low level WC and wash hand basin in the room. The bedroom has a window to the front.

SECOND FLOOR

BEDROOM 6

A double room with standard double bed. The en-suite comprises of a shower, low level WC and wash hand basin in the room. The bedroom has a window to the rear.

BEDROOM 7

A family room comprises of a double and single standard bed. The en-suite comprises of a shower, low level WC and wash hand basin in the room. The bedroom has a window to the rear.

BEDROOM 8

A double room. The en-suite is situated adjacent which comprises of a shower, low level WC and the basin is in the room. The bedroom has a window to the front. (This room is not used for letting but as a craft works room)

Accessed from a staircase on the reception level and stairs down to

GROUND FLOOR

BEDROOM 2

A family room with a double bed and bunk beds. The en-suite comprises of a shower, low level WC and wash hand basin. The bedroom has large windows to the front.

INNER HALLWAY

Door to

UTILITY ROOM

4.07m x 1.98m

An ideal space for washing machines, tumble dryer, 2 wall mounted Valiant boilers, ample general storage and door leading to rear garden.

OWNERS ACCOMMODATION

The apartment is situated on the 1st floor ½ landing and be accessed either via the business or from a separate door to the rear of the property. Door to

LOUNGE

6.09m x 3.65m

A large space for both comfortable seating, dining area with table and chairs and window to side. Door to

BATHROOM

A separate room with a full-length bath with shower over, WC, wash hand basin. The room benefits from tiled walls, vinyl flooring and window to side.

BEDROOM

4.36m x 3.27m

A large double room with built-in clothing cupboard. This bedroom is a unique space benefiting from dual aspect windows to side and rear together with part glazed door leading out on to a balcony with steps leading down to a private owner’s garden.

BEDROOM 2

3.37m x 3.28m

This is a double room which is located separately on the ground floor. It benefits from an en-suite comprising of a shower, low level WC and wash hand basin. The bedroom has a window to the rear. (this room could be used for letting purposes)

OUTSIDE

To the front is ample unrestricted parking together with licensed parking nearby. To the rear is a lovely spacious garden with mature shrubbery, palm trees and separate entrance door which leads to a service private alley.

FIXTURES AND FITTINGS

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.

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 your own enquiries on the local Valuation Website (VOA) at Valuation Office Agency (currently the property is fully exempt from business rates because of small business rates relief).

TENURE

Freehold

LEGAL FEES

Each party to cover their own legal cost.

VIEWINGS

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

Tel: 01803 328880

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.