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Hotel for sale

Torrs Walk Avenue, Ilfracombe, Devon, EX34

£395,000

Property Description

Full description

Tenure: Freehold

LOCATION
In a most convenient yet peaceful setting set back from a private road and fronting onto the South West coastal footpath the property is at the start of the Torrs National Trust coastal reserve and therefore ideally placed for tourists. Nearby is the famous Tunnels Beaches which are, in themselves, a popular private beach and wedding venue as well as the White Pebbles Beach accessed from the Torrs coastal walk.

In addition the Town is within a short distance and an easy walk, approximately 1 mile, to the main harbour and pier where Damien Hirsts Verity now stands. All Sea Front amenities and tourist facilities are on hand.

Ilfracombe has a static population of some 12,000 inhabitants boosted during the summer months with the influx of tourists. In recent years the town has gained a reputation for arts and crafts, indeed there are now 10 art galleries within the town.

THE PROPERTY
The property is a purpose built hotel constructed around 1963 and opened in around 1964. The accommodation thereafter was extended in 1972 and now provides a 10 en-suite letting bedroom hotel with 3 private bedrooms. The property has a ground floor bar/lounge, guest lounge and private lounge plus there is parking within the curtilage for 10 vehicles. The property benefits from gas fired central heating and enjoys a southerly aspect in a sheltered position in the lea of the Torrs. The property will be offered comprehensively furnished and equipped subject to trade inventory and excluding those items of a personal nature.

THE BUSINESS
This is a genuine retirement sale of this Bed & Breakfast establishment which has operated as a hospitality business for the last 50 years with our clients having been in occupation for over 13 years; they celebrated their 13th anniversary in January 2015. Operated by a husband and wife team and offering Bed and Breakfast business only they have generated a turnover of approximately £47,000 for the year end 30 April 2015. The property benefits from a licence to serve alcohol and the owners have, in the past, utilised the fore garden for cream tea sales. The tariff amounts to £40.00 per person per night Bed & Breakfast in the high season down to £36.00 per person per night during out of season. The property also has a popular website www.avoncourtilfracombe.co.uk.

The business had a food hygiene rating of 5 (very good) as awarded by the North Devon District Council in Barnstaple (01271 388870). Evenings meals are no longer catered for but could be re-instated.

The accommodation briefly comprises:


ENTRANCE RECEPTION HALLWAY 
2.67m x 3.68m
Radiator. Reception desk.

THROUGH CENTRAL HALLWAY 
Open tread staircase to first floor.

SEPARATE CLOAKROOM 
With low level toilet and wash hand basin.

STORE ROOM 
With window

OFFICE 
2.67m x 3.68m
With window

INNER HALLWAY 
Door to dry store room.

OWNERS BEDROOM 2 (double) 
3.6m x 2.6m
Pedestal wash hand basin, window to front.

OWNERS BEDROOM 3 (double) 
3.6m x 2.6m
Pedestal wash hand basin, window to the front.

GROUND FLOOR BEDROOM 4 (double) 
2.62m x3.63m - Window to rear and en suite bathroom/wc

BAR SERVERY 
Feature fireplace, dartboard, door to outside. Full length height window, part timber feature walls, matching ceiling with exposed feature beams, bench seating, wall shelving for bottles and glasses, wall mounted ceramic wash hand basin, door to

UTILITY ROOM/STORE 
With tiled floor, plumbing for washing machine and tumble dryer.

MAIN COMMERCIAL KITCHEN 
3.63m x 3.68m
Window to rear. Single drainer stainless steel sink unit with open storage below, door to rear, tiled floor, part tiled walls, stainless steel preparation table, built-in airing cupboard, built-in storage cupboard, commercial gas boiler supplying domestic hot water and heating. The kitchen is comprehensively equipped subject to trade inventory and it should be noted that in 2010 the Avoncourt Hotel received a food hygiene rating of 5 which is rated very good by the North Devon Council foods team.

GUEST LOUNGE 
3.63m x 4.78m
Radiator. Full length window to front with views overlooking to Town and door to

DRY STORE 
2.7m x 1.88m
With tiled floor, inset wash hand basin.

PRIVATE OWNERS LOUNGE 
5.82m x 4.4m
Accessed from Dining Room. Radiator, 2 windows to side overlooking courtyard, further window to side, electric heater, door to rear courtyard, open plan staircase to

FIRST FLOOR 

OWNERS BEDROOM 
4.3m x 2.97m
With door to balcony. Radiator.

OWNERS PRIVATE BATHROOM 
Fully tiled walls, 3 piece suite, vinyl flooring.

GROUND FLOOR CENTRAL THROUGH HAY 
Stairs to first floor with letting accommodation as follows:

DINING ROOM 
9.42m x 2.74m
2 radiators, seating for 20 covers, door access to the front terrrace, 2 further windows to the side. Off the Guest Lounge

LANDING 
Door to fire exit and external staircase leading down to rear yard.

STORAGE ROOM 
1.78m x 2.9m
Window to rear.

BEDROOM 8 (double) 
4.06m x 3.12m
Window and door to front balcony affording Sea Views in the distance. Wash hand basin and en-suite bathroom/wc with 3 piece suite.

BEDROOM 7 (double) 
2.64m x 3.7m
Large picture window to front affording views of the Town. En-suite bathroom/wc with 3 piece suite.

BEDROOM 10 (single) 
1.96m x 2.67m
Wash hand basin, window to rear. En-suite bathroom with 2 peice suite.

BEDROOM 11 (Twin) 
3.68m x 2.67m
Window to rear. En-suite bathroom/wc with 3 piece suite.

BEDROOM 6 (Double) 
2.7m x 3.66m
With window to front affording views of the Town. En-suite bathroom/wc with 3 piece suite.

BEDROOM 12 (Family) 
3.66m x 3.6m
Window to rear. Steps down to en-suite having 3 piece suite.

BEDROOM 14 (Single) 
2.72m x 2.77m
Windows to the side. En-suite shower room/wc.

BEDROOM 15 (Double) 
2.72m x 3.45m
Window and door to front balcony affording views over the Town. En-suite shower room/wc.

OUTSIDE 
The property is approached off a private unmade road and each property owner owns the section of road immediately in front of their own building. The Avoncourt benefits from parking for 10 vehicles in comfort. To the front of the property on the right there is a level patio/tea garden area and picnic benches with parasol. This area has been used in the past for serving cream teas. To the left of the property is a large shed approximately 18' x 7' providing valuable storage and to the side a narrow pathway leads to the rear of the building where the fire exit route is located and beyond this there is an enclosed courtyard part laid to gravel with open concrete steps leading to the higher garden area where there is a narrow flower bed to the right and to the left a small greenhouse.

SERVICES 
All main services connected.

RATEABLE VALUE 
£5,600 per annum. UBR, as of April 2013, 47.1p in the £ It should be noted that the current occupier benefits from small business rate relief and therefore pays no business rates at the present time. Residential Council Tax Band A. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.

VIEWING 
Strictly by appointment through the selling Agent.

AGENTS NOTE 
The property has a current guarantee for the flat roof and this is available for inspection. In addition the owners have obtained a quote to double glaze the entire building and in June 2011 the quote obtained was approximately £8,746.80 including VAT for the front of the building and £8,811.60 including VAT for the rear of the building. Audited accounts are available for those seriously interested parties who have inspected the premises.

VAT 
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC

BEDROOM 16 (Double) 
3.4m x 3.66m
Window and door to balcony to the front affording views over the sea. En-suite shower room/wc.

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