Hotel for sale

Abbey Court Hotel, Falkland Road, Torquay, Devon, TQ2 5JR

£795,000

Property Description

Commercial information

  • Business for sale

Key features

  • 24 letting bedrooms: 23 ensuite
  • Large 4 bedroom owners apartment
  • Scope to develop trade
  • Stunning seaviews. Lift to all floors
  • Outdoor swimming pool, garden & parking
  • Bar lounge (40) & dining room (50). Energy Rating D

Full description

Tenure: Freehold

Description

A distinctive Victorian four storey detached property that has been operating as a hotel since the mid 1920s. Various alterations have been made during this period including a lift to all floors, a terrace, outdoor swimming pool with a patio and spacious garden level owners accommodation.

The property sits in an elevated position on Falkland Road allowing for superb views over the town centre, harbour and sea.

Location

The Abbey Court Hotel is ideally situated only a short walk from Torquay town centre and beach. Torquay’s bustling harbour, the cosmopolitan marina, the town centre and the beautiful beaches are all just but a few of the attractions that make Torquay such a popular destination for tourists.

Internal Details

Front entrance porch opening to reception hall. Dining room with seating for up to 50 covers. 'T' shaped lounge bar with seating for up to 40 covers, bar servery and wonderful views of the coast. Smaller TV lounge with seating for up to eight people.
In addition to the trade areas, there is a large commercial kitchen, prep room, boiler room, office and a number of stores.

Fixtures & Fittings

All trade fixtures and fittings will be included in the sale and our client will provide a trade inventory to interested parties.

Letting Accommodation

24 letting bedrooms, of which 23 have en suite bathroom facilities. The accommodation comprises: 15 double or twin rooms, one king room, six family rooms (one double plus one or two singles) and two single rooms.

External Details

Located to the rear of the property is a well maintained garden, heated outdoor pool, poolside patio and Sun Terrace. The hotel also includes ample parking.

Owner's Accommodation

Built as an extension by the current owners, this space provides wonderful spacious family accommodation and has direct level access to the rear garden. The accommodation is in excellent condition throughout and comprises: kitchen/diner, lounge, dining room / bedroom five and four double bedrooms (one mezzanine level).

The Opportunity

The current owners of Abbey Court Hotel purchased the business just over 20 years ago and ran the hotel as a popular coaching group hotel. In recent years, the owners have chosen to reduce the numbers of coaching groups and focus more on the private leisure market.

The Abbey Court Hotel benefits from a superb trading position within Torquay and in Christie & Co's opinion provides excellent scope to substantially increase levels of sales. This could be developed through better advertising of the hotel towards the private leisure market, as well as by making some repairs and cosmetic improvements to the bedrooms to allow for an increase in room rates and to encourage higher occupancy levels.

Staff

The business is run by a hands on partnership team, with a small team of full and part time staff.

Trading Information

We are in receipt of accounts for year end 31 March 2016 which show net sales of £141,455, scope exists to grow the business significantly under new ownership. Further trading information is available on request.

Business Rates

Rateable value with effect from 1 April 2017 is £14,000.
Owners house council tax band A.

Regulatory

Premises Licence.


More information from this agent

Nearest stations

  • Torquay (0.3 mi)
  • Torre (0.6 mi)
  • Paignton (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Torquay (0.3 mi)
  • Torre (0.6 mi)
  • Paignton (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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