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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:


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