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Guest House for sale

The Clydesdale, Polsham Park, Paignton

Sold STC £350,000

Property Description

Key features


Full description

A very well presented 7 bedroom coastal guesthouse with good sized owners accommodation in the popular English Riviera town of Paignton. Motivated clients, early viewing advised.

Location - The Clydesdale is situated near Victoria Park, just a short distance from the Esplanade and close to the thriving town centre. Polsham Park is an attractive and quiet location, with a variety of extended period properties similar to The Clydesdale which allows for large properties which lend themselves to provide guest accommodation, yet still enjoying easy access to the seafront, the town and the main arterial roads connecting to the rest of Torbay.

Paignton is an historic town with a population of circa 50,000, previously centred around the fishing industry and the historic port still remains today. The main economy now relies on tourism and the town, along with the remainder of Torbay, is heavily marketed as a location for family holidays.

The main seafront is dominated by Paignton Pier, a 240 metre long structure which opened in the late 19th Century, together with the wide expanse of beaches. Of significant note nearby is Paignton Zoo and the Paignton Dartmouth Steam Railway, alongside a number of other visitor attractions and events throughout the season to keep visitors coming back year after year.

The Property/Business - The Clydesdale is a two-storey, semi-detached property dating back, we understand, to the late 19th Century with later extensions to the rear. The building comprises a large entrance hallway leading to the guest lounge to the front and guest dining room leading into the private semi-commercial kitchen which in turn leads to the owners accommodation.

There are two letting rooms on the ground floor (a double and a twin) and five further letting rooms on the 1st floor (one single, one twin, two double and a family room), all of which have been refurbished in terms of dcor and furnishings, which exude much style.

To the rear of the property is the owners accommodation which has separate external access and comprises an office area off the kitchen, a lounge, utility/storage area, double bedroom with a window overlooking the rear garden and a second bedroom (currently used as a dressing room) and an en-suite shower room. To the rear of the property is an enclosed patio garden, which is quite a sun trap, and a wooden shed.

In terms of the trade, we understand that a business has traded from this site since the 1980s, has been in our clients tenure for the past 3 years and who are now selling due to other work commitments. We are advised the business principally trades on a seasonal basis due to our clients' other work commitments and therefore offers significant scope to substantially increase the turnover and profitability. Trading accounts for the year ending 5th April 2015 show sales of £35,089 with a gross profit of £29,652 and an adjusted net profit of £18,893.

Further information regarding the property and business can be viewed via our clients website

The Accommodation Comprises: - (all areas and dimensions approximately)

Access via the side of the property into:

Entrance Hallway/Reception - An attractive introduction to the property with a large hallway with space to welcome guests and the display of promotional literature etc, door off to

Guest Lounge - Bay window to front elevation.

Guest Dining Room - Bay window to front elevation. Set up for circa 12 covers.

Kitchen - Base and wall units, stainless steel drainer unit and 2 x 4-ring electric hob with two ovens below and domestic extraction system over.

Office - Window to rear elevation. Through to inner hallway connecting to separate side entrance.

Owners' Accommodation -

Lounge - Window to front elevation.

Utility/Storage Room -

Bedroom 1 - Double room with window to rear elevation overlooking private garden.

Bedroom 2 - Double room with window to rear elevation. Currently used as a dressing room.

Shower Room -

Schedule Of Letting Accommodation - All lettings room have en-suite bath/shower room, television and tea and coffee making facilities.

Ground Floor -

Room 8 - Double room with window to front elevation.

Room 7 - Twin room. Door to rear elevation with small sitting out area. Separate wc.

Stairs ascending to:

Room 5 - Single room with window to rear elevation.

Room 1 - Double room with bay window to front elevation.

Room 2 - Double room with window to side and front elevations.

Room 4 - Family room with bay window to side elevation.

Room 6 - Twin room with two windows to side elevation, en-suite bath and shower over.

Separate Wc -

Linen/Boiler Cupboard -

Landing Area - We are advised that the loft is boarded, carpeted and has lighting.

Tenure: Freehold -

Stock - To be taken at valuation

Inventory - An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

General Information: -

Local Authority - Torbay Council
Town Hall
Castle Circus
Planning : 01803 201201

Business Rates - We refer you to the valuation office website or call 0300-1234-171

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Vat - All prices/rentals are quoted exclusive of VAT, where applicable.

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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