Uniquely stylish boutique hotel/guest house on the English Riviera

Torquay, Devon

£1,295,000 Freehold
Meadfoot Bay HotelMeadfoot Sea RoadTorquayDevonTQ1 2LQView Map

A PROPERTY FULL OF EXCITING POSSIBILITIES

Ideally situated in a highly sought after Torquay location, just moments from blue flag Meadfoot beach, this stylish property offers a variety of options to configure a business to suit an owner's needs. Boutique Hotel? Restaurant with rooms? Luxury guest house? The choice is yours. Currently configured with 15 stylish letting suites/bedrooms, a lounge/bar, library, 28 cover restaurant and outside deck with a further 12-16 covers. In addition there is a superb owner's 3-bedroom penthouse with breath taking sea views and private entrance from the rear of the property. An added bonus is that the property comes with full planning permission for conversion to residential use.

Offered in excellent condition the stylish decor has received much positive comment from visitors. Overall the establishment has undergone a complete refurbishment program with new furnishings throughout and considerable investment too in the building fabric thereby minimising the need for further expenditure on completion. A further benefit is the flexible room layout of the building. This allows the number of letting rooms and owners accommodation can be expanded or contracted to suit the new owner’s lifestyle objectives.

Closed in March 2023 due to our client’s other business commitments, the turnkey condition means reactivation of the business is possible at virtually the touch of a button and with a customer database of over six thousand customers and prospects it offers a new owner an excellent marketing launch pad to do so. By way of indication of the potential, latterly our clients operated the business as a hotel/restaurant and achieved an net income in excess of £600k p.a. Alternatively as a guest house, an income of £300k plus is more than achievable (accounting information will be provided following a successful formal viewing).

Located in tree lined avenue just a stone’s throw from award winning Meadfoot beach, the picturesque marina and harbour of Torquay with its many bars and restaurants are just a short walk away. The Riviera Conference Centre and Torquay train station with direct services to London Paddington are ten minutes away by taxi. Exeter Airport is 30 minutes drive away and Bristol only 90 minutes via the M5 which also offer easy access to the national motorway network. There is onsite parking for 12 and deregulated on-street parking to the front and rear of the property (those who know Torquay will appreciate this is something of a rarity).

Torquay is ranked as the No. 1 staycation destination in the UK and is currently the subject of a £200 million upgrade of the town centre. Located in the UNESCO Geopark (one of only seven in the UK) and conveniently located along from the Jurassic Coast, the Meadfoot Bay offers easy access to the South West Coastal Path which is less than 5 minutes walk away. Also within easy reach is the world renowned Dartmoor National Park, the Eden Project in Cornwall and the Cathedral city of Exeter. But one might ask why anyone would leave when there are 22 miles of some of Devon’s most beautiful coastline on their doorstep?

Not quite what you’re looking for?

If building an award winning hospitality business isn’t your ambition, the fact that the property also comes with full planning permission for conversion to residential might well be of interest (approved plans for which can be viewed on the council’s planning portal – torbay.gov.uk Ref: P/2023/0626). As we said the Meadfoot Bay offers a wealth of possibilities…

 

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 12/16 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’ 3-bedroom penthouse apartment which has also been extensively refurbished, definitely has 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 private entrance via 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.