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Hotel for sale

St. Brannocks Road, Ilfracombe, Devon, EX34


Property Description

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Tenure: Freehold

In a prime tourist trading location, fronting onto St. Brannocks Road, which is locally known as 'The Golden Mile', due to its popular location on the main approach road into the resort. Nearby is the picturesque Bicclescombe Park, and The Cairn, a woodland habitat. The main town centre and harbour is located approximately 1 mile away, with quaint streets that meander down to the fishing harbour, where there are numerous eateries, public houses and shops. Located on the pier is Damien Hirst's sculpture 'Verity', which was loaned to the local council and is an added attraction to tourists throughout the year. In addition the well re-owned artist Damien Hirst also owns a restaurant called 'The Restaurant on the Quay' and adjoining art gallery. Indeed in Ilfracombe recently there has been a flourishing art scene, with 10 art galleries opening in the resort. The town is also famous for the Tunnels Beaches and wedding venue, which itself creates a great deal of business for The Dorchester. The town has a population of approximately 14,000 inhabitants, boosted throughout the year with the influx of tourists. It is conveniently located, with easy access to Exmoor National Park and the nearby surfing resort of Woolacombe, (approximately 5 miles to the west) and the picturesque seaside village of Combe Martin (approximately 5 miles to the East). Barnstaple, North Devon's regional centre is located approximately 12 miles inland to the South.

This quaint Victorian semi-detached residence, built in 1885 is a superb example of magnificent Victorian construction with cream marland brick elevations, slate roof, an extension to the rear and double glazed windows throughout. The elegantly proportioned and well-presented accommodation has been improved by our clients and now offers three reception rooms on the ground floor, breakfast room, office, equipped commercial kitchen, as well as a dining room and stock room. To the upper floors there are 7 spacious fully furnished en-suite letting bedrooms and on the top floor a private owner apartment, providing a through lounge kitchen/diner and en-suite bedroom. The property also benefits from a lower ground floor garden apartment currently let out, producing a lucrative all-year around income of £425 per calendar month. The property has the benefit of a car park with 5 spaces and a pleasant garden which is approached via steps under a rose arbour, which gives access to the rear garden. The garden itself includes a three tier garden with sunny patio, lawned area, vegetable plot with greenhouse and shed.

Our clients operate for 8 months of the year and the business is under the personal supervision of the owners (a husband and wife team), providing bed and breakfast accommodation, which produces a turnover (including the income from the apartment) of approximately £70,000 per annum. Audited accounts will be made available to those seriously interested parties who have inspected the property. A full inventory of fixtures, fittings and equipment is available and has already been prepared. This is an award winning guest house that has been awarded the certificate of excellence from TripAdvisor in 2014, 2015 & 2016 and a 4* Silver Breakfast Award; this prestigious award places The Dorchester in the top preforming 10% of all businesses on TripAdvisor. The Dorchester has also acquired consistently high ratings from TripAdvisor travellers. All letting bedrooms are well decorated, tastefully furnished and cleaned to a very high standard. Each room has a TV, DVD player, hairdryer, alarm clock radio and a generous hospitality tray. All rooms have a small fridge with fresh milk daily, a small selection of wines, beers and soft drinks. There is also an honesty bar in the main lounge, as the property is licenced to sell alcohol.

The accommodation briefly comprises:

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