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Manor Road, Minehead, Somerset, TA24

£600,000

£193.55 per sq ft

Business rates & charges may apply

Sidney Phillips Limited, South West
SIZE AVAILABLE

3,100 sq ft

288 sq m

SECTOR

32 bedroom hotel for sale

USE CLASSUse class orders: sui_generis_1 and sui_generis_2

sui_generis_1, sui_generis_2

Key features

  • Opportunity to acquire a unique freehold property currently operating as a 32 bed youth hostel with staff accommodation.
  • Preference for continuation of business as a YHA franchise, with options considered for an independent hostelling business, or change of use.
  • YHA is a national hostelling brand, charity and social enterprise with a 93-year heritage.

Description

The picturesque seaside resort of Minehead famed as "The Gateway to Exmoor" has long attracted visitors to its beaches, fishing quarter and historic harbour. YHA Minehead is located 2 miles south of the town in beautiful woodland being part of Exmoor National Park. The immediate area is popular with walkers looking to explore the great outdoors. This area of North Devon attracts a huge number of visitors throughout the year.

YHA Minehead is a former hunting lodge of considerable character that appears to be of brick construction with part rendered and weather boarded finish under a pitched slate roof. The property sits within 2.7 acres and is a glorious rural location. The hostel has good communication links, being 1 mile from the A39 and 28 from junction 23 of the M5. The county town of Taunton is approximately 24 miles south-east.

TRADE AREAS
EIGHT BEDROOMS sleeping 32
GROUND FLOOR
Main entrance into RECEPTION HALL, reception counter and bench seating for 4. Linen cupboard. A cosy LOUNGE with wood floorboards, stone built fireplace with log burning stove, ceiling beams and furnished with sofas, armchairs and coffee tables for 10.

DINING ROOM with polished wood floorboards and furnished with long tables and benches for 36.

SELF-CATERING KITCHEN. COMMERICAL KITCHEN with quarry tiled floor and equipped with a range of stainless-steel equipment. Fridge freezer Storeroom. CROCKERY AREA.

UTILITY ROOM with laundry and drying facilities.

Public WC and Shower room. Storeroom.

FIRST FLOOR
SHARED WASH AREA comprising, two WCs and two shower rooms.

BEDROOM 1: 3-bed room
BEDROOM 2: 6-bed room
BEDROOM 3: 4-bed room
BEDROOM 4: 4-bed room
BEDROOM 5: 4-bed room
BEDROOM 6: 5-bed room
BEDROOM 7: 3-bed room
BEDROOM 8: 3-bed room

N.B. All bedrooms include a wash hand basin.

Linen cupboard. Bathroom with shower over bath.

Roof terrace.

SECOND FLOOR
Open STOREROOM with water recycling unit

BASEMENT
DRYING ROOM. BOILER ROOM. STOREROOM.

STAFF ACCOMMODATION
Self-contained outbuilding (1): LOUNGE, KITCHEN, BATHROOM and double BEDROOM.
Self-contained outbuilding (2): LARGE OPEN HALL, LOUNGE/BEDROOM, KITCHEN and BATHROOM.

EXTERNAL
Driveway leading up to the main property with CAR PARKING for over 12 vehicles. 2 acre MATURE GARDEN with lawned grounds and boundary hedging. The gardens have picnic benched seating for 30. CYCLE SHED. SERVICE YARD. WOOD STORE. Store Rooms. STAFF PARKING for 2 vehicles.

The back paddock is currently leased to the neighbouring farmer on a peppercorn rent.

The hostel accommodates large numbers of tourists visiting the area participating in outdoor pursuits including coastal walking, cycling and those visiting the National Park. The area is also well known for the beautiful nearby village of Dunster with its fairytale castle.

Due to the diverse nature and unique locations of all our hostels, YHA adopts 3 main opening patterns. These patterns are determined by a number of factors ranging from the wants and needs of our guests to the trading environment and time of year. The opening patterns are F&I (Families and Individuals travelling independently), Exclusive Hire (taking over the entire, unstaffed hostel exclusively) and organised groups such as cyclists, walkers, and educational school trips. Each YHA hostel can adopt one or more of the above patterns during a trading year and will frequently transition between them throughout the season in order to maximise business opportunities.

The Business is currently operating a Trading pattern which places it on "Exclusive Hire" and educational groups.

Historically the hostel has been successful in a trading pattern and has seen a mix of families and individuals travelling independently, exclusive hire, and hire to organized groups such as cyclists, walkers, and those for educational purposes.

FREEHOLD £600,000 to include goodwill, fixtures and fittings.

The property is offered up for sale with preference for continuation of business as a YHA franchise, with options considered for an independent hostelling business, or change of use.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

YHA FRANCHISE
YHA's network comprises over 100 hostels across England & Wales, with a collection of unique buildings in amazing locations: in cities, national parks, rural, village and coastal locations.

In 2022-23 over 845,000 guests stayed with YHA, with guest satisfaction ratings averaging over 90%.

The YHA network already includes a significant number of independently owned and operated hostels under the YHA brand. YHA is excited to offer the opportunity for the right partner with entrepreneurial ambition and matching values to join the network.

Please note that this listing is a commercial property with 'sui genruis' planning use. Should prospective buyers be looking at this as an opportunity to convert into a dwelling then a change of use will be required post purchase.

For further information about YHA franchise opportunities please contact Sidney Phillips.

Manor Road, Minehead, Somerset, TA24

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rhoose Station14.8 miles

About Sidney Phillips Limited, South West

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

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Disclaimer - Property reference TA246EW. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sidney Phillips Limited, South West. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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