Hotel for sale

Quayside Hotel, 49 King Street, Brixham, TQ5 9TJ

Guide Price £1,950,000

Property Description

Commercial information

  • Business for sale

Key features

  • 29 en suite letting bedrooms
  • Currenty operates under management
  • Year end 31 March 2018 net sales 934,460
  • Annual adjusted net profit c. 217,172
  • Four principle trade areas to seat 119 guests
  • Car park (30) and stunning harbour views. Energy Rating C

Full description

Tenure: Freehold

Description

The property was originally converted from a row of fisherman's cottages. It still retains the charm and character of these properties although it has evolved over the years into a thriving hotel business.

Arranged over four floors, it comprises four well proportioned trading areas, 30 en suite bedrooms (one is currently used for staff), ample ancillary areas, rear terrace and a private car park a short distance away which provides parking for 30 vehicles.

Location

Brixham forms part of Torbay which is recognised as the English Riviera. The area is made up of three primary towns, Torquay, Paignton and Brixham. The Cities of Exeter and Plymouth are within 30 miles of the town with good access to major link roads to travel either West into Cornwall or via the A380 and A38 providing access to the M5 motorway network.

Quayside Hotel is located in an enviable position overlooking Brixham Harbour. The town is renowned for its marina, harbour, working fish port, beautiful coastline and the many tourists who visit the region every year.

Internal Details

Reception hall with reception area.

Quayside Restaurant - harbour views and provides seating for 46 guests.

Main Mast Hotel Bar - harbour views and seating for 12 guests.

Lounge - harbour views and seating for 16 guests

Public Bar - this area benefits from an internal and private entrance and is currently arranged to seat 45 guests.

Fixtures & Fittings

All trade fixtures & fittings will be included in the sale and our client's will provide a trade inventory to interested parties following a formal viewing.

Letting Accommodation

The letting income is derived from 29 en suite letting bedrooms as one is used for staff accommodation.

All rooms are arranged over the first, second and third floors and comprise of 26 double/twin bedrooms and three single bedrooms.

External Details

To the rear of the property is a conservatory area which leads to a an enclosed terrace. Additionally there is a car park a short walk away which provides parking for 30 vehicles.

Owner's Accommodation

Our client's live off site in the adjoining four storey , four bedroom residential house. This is available under separate negotiations via the sole agent Christie & Co.

Although the hotel benefits from 30 en suite letting bedrooms, one bedroom is currently used as staff accommodation. Should the new owners decide to live on site, this room could easily be extended to provide private owners accommodation by utilising the adjoining store room.

The Opportunity

Our client's have owned Quayside Hotel since 1998 and over the years have developed the business into a robust, profitable and successful operation which benefits from a high percentage of repeat custom. The hotels attracts both corporate and private leisure guests and enjoys a loyal local custom base.

Quayside Hotel will appeal to both private hands-on operators and investors who are seeking a profitable hospitality business which is located in a superb trading position.

Staff

The hotel operates with a loyal and trusted team of both full and part time staff. The day-to-day operation is overseen by a manager along with experienced Head's of Departments and their team to allow our client's to step back and concentrate on the marketing and accounting aspects of the business. A full staff list will be provided to interested parties following a formal viewing.

Trading Information

Accounts for year end 31 March 2018 show net sales of £934,460with an adjusted net profit of £217,172.

Please note we have added back the managers salary in arriving at the adjusted net profit figure and further accounting information will be made available to interested parties following a formal viewing.


More information from this agent

Nearest stations

  • Paignton (3.6 mi)
  • Torquay (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Paignton (3.6 mi)
  • Torquay (4.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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