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7 bedroom hotel for sale

East Street, Newton Abbot, Devon, TQ13

Guide Price £795,000

Property Description

Key features

  • Generous Gardens
  • En-Suite
  • Karndean Tiled Floors
  • Off street parking
  • Guest WC
  • Georgian
  • Conservation area
  • Large open plan kitchen / diner
  • Good-sized rooms
  • No Onward Chain

Full description

Tenure: Freehold

This is a unique opportunity to purchase a well-positioned, profitable Bed & Breakfast with an ongoing order book of guest bookings and further potential for growth.

This attractive Georgian property is centrally located in the popular and picturesque town of Ashburton located on the edge of Dartmoor National Park and offers a unique opportunity for a buyer looking to acquire a successful accommodation business.

The property has been run as B&B accommodation since 1992 exclusively to provide accommodation for the customers of a successful leisure business. The current owners are expanding their business and are seeking new owners to purchase this property as a B&B, with the opportunity to inherit a valuable and ongoing order book (a mix of weekend, 5 day and 4 week duration stays currently amounting to £90k+ of annual rental income).

Ashburton is a picturesque town known as the Gateway to the Moor and is a popular destination for tourists throughout the year. It is well-regarded for its independent shops that are supported by a vibrant local community and has a reputation as a ‘foodie’ town, with butchers, bakers, fishmongers, delis, a large culinary school, pubs, wine bars and cafes and gift and antique shops.

Competition is low with only one motel on the outskirts of the town, and a handful of B&B rooms available within the town. New owners that open up the B&B to public bookings can expect good tourist demand especially during the summer months.

The Grade II listed property was formerly the Ashburton Hotel and is located centrally within a short walk to the centre of the town. The property offers a total of 6 double en suite bedrooms plus a large apartment suite on the first floor (separately rated as owners accommodation). There is the potential to convert ground floor rooms into 2 additional letting rooms.

The property is registered as an hotel and activity can be expanded to offer lunches and evening meals and drinks. There is further future expansion potential from a courtyard, large attic space and large garden.

Entrance through to the ground floor gives access to a modern guest lounge/tv room with new furniture, offering a relaxing space for guests.

Towards the rear of the ground floor, the Dining Room provides breakfast dining for 14 guests and adjoins a good sized open-plan breakfast kitchen and serving area.

Dining room patio doors open up to a private flag stoned and walled courtyard with access to the ‘Cottage’, a small two-bed mews, and steps to an attractive walled garden with fruit trees, vegetable patch, pond and gazebo.

A large training room that is used for guest courses adjoins a stunning period conservatory that is currently used as a dining room. These rooms have the potential to be utilised as a living space, additional guest accommodation, office space, or even a bar and dining area.

On the first floor are 2 double, en suite rooms and a large owner's apartment that has a bedroom, lounge, bathroom and kitchenette.
On the second floor are a further 4 bedrooms bringing the total number of existing bedrooms to 6 double/twin rooms plus one apartment.

A large attic provides additional storage and potential conversion options.

To the rear of the building beyond the courtyard a good sized private garden with fruit trees and gazebo offer a secluded and relaxing space for guests.

The property has recently (Oct 2016) had new carpets fitted throughout the bedrooms and stairway, and Karndean flooring to entrance hall.

Parking is on-street and an agreement with a nearby local business provides additional car parking spaces throughout the weekend and midweek evenings from 6pm to 8am.

We encourage viewing of this property, the town and surrounds to fully appreciate the opportunity.
Existing fixtures, fittings and goodwill to be included in the sale.

Other features:

In town
Laundry room
Sash windows
Gas central heating
Income Generating
Close to local shops
Close to transport links
Mainly carpeted

Map & Street View

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