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Hotel for sale

Wilder Road, Ilfracombe, Devon, EX34

£675,000

Property Description

Full description

Tenure: Freehold

Built in the late 1800s as a Captain's residence this fine detached property is a fully restored and converted family home, now arranged as three luxuriously appointed apartments and a four bedroom house. Raphael apartment sleeps four to six, and has sea views; Oriel apartment sleeps six to seven and has sea views and Eden apartment, located to the rear, sleeps four and has garden views. The whole property provides elegant and comfortable accommodation, fully modernised throughout.

LOCATION
In the heart of the thriving resort of Ilfracombe, North Devon's premier tourist centre, the property is located directly opposite the Landmark Theatre and overlooks Wildersmouth Beach with the Bristol Channel beyond. The property is therefore centrally placed just above the sea front and in easy walking distance from all amenities.

Ilfracombe is North Devon's premier resort having a population of approximately 14,000 inhabitants, boosted with the influx of tourists during the summer months. In recent years a number of investments have taken place within the town including a new Wetherspoon's public house, Lidl supermarket, Tesco supermarket on the outskirts and shortly there will be a new Premier Inn development. The world renowned artist, Damien Hirst, has given to the local council a statue of Verity located on the pier; this has attracted many more day visitors to the resort. As a result there are now 10 art galleries in Ilfracombe. The town is easily accessible via the main tourist route from Barnstaple, which is approximately 12 miles inland. Nearby are the surfing resorts of Woolacombe, Croyde and Saunton.

THE PROPERTY
Believed to have been built in the late 1800s as a Captain's residence Gabriel House stands high and proud above the sea front overlooking the sea. The property is accessed via a car park (located above an amusement arcade) providing much sought after private parking for residents and guests. The accommodation is currently arranged as a four bedroom private owner's house on the ground and first floors, currently as a family home, with bed and breakfast accommodation.

The apartments have their own access comprising a penthouse apartment to the top floor, namely Oriel apartment, sleeping six to seven. Raphael apartment on the second floor provides holiday accommodation for four to six guests with sea views and Eden apartment, located to the rear on the second floor, provides accommodation for four guests with garden views. Each apartment has its own gas fired central heating boiler with radiators and double glazing throughout.

The private quarters offer spacious accommodation on two floors with a private courtyard garden as well as a sloping garden. The whole property will be offered comprehensively furnished and equipped, subject to trade inventory, excluding those items of a personal nature.

THE BUSINESS
The property, formerly the Queen's Court Hotel, was acquired by our clients 15 years ago which they have since converted and modernised to provide this bed and breakfast and holiday letting business. The bed and breakfast accommodation is of the highest standard, providing three en-suite letting bedrooms and one bedroom with its own private bathroom directly opposite. This accommodation could equally be used for private quarters if it is the intention of an incoming purchaser to use the property solely as a holiday letting business.

The remaining apartments are let throughout the year at a high occupancy level, all managed by our clients themselves and providing a comfortable income. Details of turnover and profit and loss accounts will be made available to those seriously interested parties who have inspected the business.

AGENT'S NOTE
The property was inspected by our Associate Director, Tony Foster, who has been selling businesses in the resort for 38 years. He describes Gabriel House as 'probably one of the most impressive and well-appointed businesses of this kind he has ever seen during that period in Ilfracombe'.

The accommodation briefly comprises:


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