Freehold Hotel, Citadel Road, Plymouth, Devon, PL1

Beautifully Presented 13 Bedroom Hotel Located On Plymouth Hoe Spacious Owners Accommodation
Ref 2379

Location
This respected Hotel is located in Plymouth on the beautiful South Devon coastline. Positioned within a prime trading position close to the famous Plymouth Hoe promenade. The largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year. The town is easily accessed via the A38/M5 and mainline railway station.

Freehold Asking Price: £619,950 plus SAV (£1,000)
Business Rates: £1,884 pa
Domestic Rates: £1,092 pa

Business Description
Veritas Business Sales are delighted to offer for sale this delightful 13 bedroom hotel which is located in Plymouth, Devon. The property was transformed into a hotel over 50 years ago and has been in the careful hands of the current owner for the past 19 years. The business is now being offered for sale so that they can enjoy a well deserved retirement. The hotel is kept to a very high standard and since ownership they have continually refurbished and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Citadel House is owner operated with the help of 2 part time members of staff and has an annual turnover of circa £150,000. Room tariffs range from a double or twin room en-suite £79.00, family room £99.00 for 3 people and a family room for 4 people £119.00. All prices are per room per night on B & B basis and all rooms benefit from gas fired central heating, colour TVs, Wi-Fi and complimentary tea & coffee making facilities. We believe that the business has the potential to offer evening meals for guests and non residents which would increase revenue should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase a business that has already benefited from significant investment which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.


Ground Floor
Entrance/Hallway
Guest Lounge (3.8m x 3.5m) with feature fireplace, settee and 2 side tables.
Breakfast Room (6.4m x 4.4m) comprising: table & chairs to cover (20), various pictures, radio (Bush), book case and cutlery cabinet.
Kitchen (3.1m x 3.9m) comprising: fitted kitchen wall & base units, 2 microwaves, 4 ring gas cooker (Flavel), 2 toasters, under counter fridge (Hotpoint), dishwasher (Bosch), dual sink with drainer and 2 kettles.
Storeroom (1.5m x 2.2m) with shelving and washing machine.

Owners Accommodation (Basement)
Kitchenette (1.5m x 3.5m)
Lounge (5.2m x 4.2m) with feature fireplace
Master Bedroom (5.3m x 3.0m) double with built in wardrobes and shower
Bedroom 2 (3.2m x 3.3m) double with en-suite
W/C with wash basin

External
Rear courtyard with seating
Laundry Room (1.5m x 3.0m) with shelving
Large Garage (6.2m x 6.7m) with possibility of planning for conversion

First Floor
Accommodation
Bedroom 1 (3.5m x 3.1m) double with shower
Bedroom 2 (2.9m x 3.0m) double en-suite
Bedroom 3 (2.0m x 3.2m) single with wash basin
Bedroom 4 (3.2m x 5.7m) family en-suite
Bedroom 5 (3.0m x 3.7m) double with shower & wash basin
Bedroom 6 (2.8m x 3.1m) double with sink

Second Floor
Bedroom 7 (3.2m x 3.9m) twin with en-suite
Bedroom 8 (1.8m x 2.4m) single with wash basin
Bedroom 9 (3.5m x 3.4m) family en-suite
Bedroom 10 (2.6m x 4.4m) twin en-suite

Third Floor
Bedroom 11 (3.5m x 2.9m) double en-suite
Bedroom 12 (3.3m x 3.2m) family en-suite
Bedroom 13 (2.8m x 4.0m) double en-suite

EPC Rating C