10 bedroom guest house for sale

Braeside, New North Road, Exeter, Devon, EX4


Property Description

Key features

  • Impressive & Extremely Well Presented Guest House
  • 9 Letting Bedrooms & Owner's Accommodation
  • Trading on a Bed & Breakfast Basis Only
  • Impressive Levels of Trade & Excellent Profits
  • Tremendous Potential For New Owners.

Full description

Tenure: Freehold

Braeside is a substantial and deceptively spacious four storey Grade II Listed mid terraced property with origins dating back to around 1850. The property has undergone a comprehensive programme of upgrade and refurbishment by our clients during their 16 years of ownership and is now beautifully presented and furnished to an extremely high standard throughout. This spacious and well presented property briefly comprises:- 9 well appointed individual Letting Bedrooms which can sleep up to 18 guests; Breakfast Room; modern Fitted Kitchen with integrated appliances; Owner's Accommodation with Sitting Room, Sun Room, Double Bedroom and En-Suite Bathroom. Externally, the property benefits from attractive Terraced Patio Gardens to the front and rear.

Braeside Guest House occupies a prominent trading position on New North Road, one of the main arterial roads into Exeter city centre. Braeside is conveniently located a short walk from Exeter Central Station and the main shopping and business areas of Exeter city centre, Exeter College and the nearby Exeter University Campus. Exeter itself is the regional capital of the South West and as such is not only an established and expanding business centre, but also a tourist destination year-round. Renowned for its historic Cathedral, University and waterside development, Exeter boasts excellent transport communications with 2 mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30.

Entrance door to front into Reception Hall with stairs to upper floors, Guest Cloakroom. Door into Breakfast Room an attractive and recently refurbished room with windows and door to rear garden, tiles flooring with underfloor heating, feature lighting, breakfast bar and serving counter area with Preparation Area behind with washing machine, tumble dryer, range of base cupboards with complementary worksurface above, hand basin. Range of free-standing wooden tables and chairs comfortably seating 16 guests. Kitchen recently refitted with a range of modern kitchen units and a comprehensive range of base and wall mounted units, complementary worksurfaces with a range of integrated appliances including electric oven, 5-ring gas hob, fridge and freezer. Tiled flooring, fully tiled walls stainless steel sink unit, coffee filter machine, fridge freezer, commercial toaster, microwave oven, washing machine and extractor fan.

The property offers 9 Letting Bedrooms which can accommodate up to 18 guests, located on the first, second and third floors. Each of the letting bedrooms is equipped with flat screen televisions with integrated DVD players and satellite television receivers, tea and coffee making facilities, hairdryers and alarm clock radios. The bedrooms are well proportioned and briefly comprise:-

Bedroom 1 a double room with aspect to front and En-Suite Shower Room. Bedroom 2 a family room to sleep 3 with aspect to front, shower cubicle, wash hand basin in vanity unit. Bathroom for the private use of Bedroom 2 with bath and low level WC. Bedroom 3 a double room with aspect to rear, shower cubicle and En-Suite WC. Linen Cupboard.

Bedroom 4 a twin room with aspect to front and En-Suite Shower Room. Bedroom 5 a twin room with aspect to front and En-Suite Shower Room. Bedroom 6 a standard double/twin room with aspect to rear currently used as a second owner's bedroom. Shower Room.

Bedroom 7 - a standard single room with aspect to front and wash hand basin. Bedroom 8 a standard twin room with aspect to front and wash hand basin. Bedroom 9 a standard double room with aspect to rear and wash hand basin. Separate WC. Linen Cupboard.

Situated on the ground floor is the private accommodation which is presented to an extremely high standard and briefly comprises:- Sitting Room a character room with high ceilings, ceiling rose and ornate coving, solid Oak flooring, living flame gas fire in ornate surround, open plan into Sun Room with sliding patio doors to front garden. Double Bedroom a character room with high ceilings, solid Oak flooring and a recently refitted Bathroom with modern white bathroom suite with shower over bath. The present owners also utilise Bedroom 6 as an additional private room.

To the front of the property is an attractive Terraced Garden incorporating lawned and patio terraces, range of mature trees, shrubs and flowerbed borders and a feature fishpond. To the rear of the property is an Attractive Walled Garden which is fully enclosed with patio terraces on three levels, bin store area, storage shed and a pedestrian rear access.

Braeside Guest House is presented in first class order throughout and is a well established and well-regarded Bed & Breakfast business. The property has been comprehensively refurbished to a high standard throughout by our clients during their 16 years of ownership and it occupies a prominent trading position in Exeter city centre. The high standards also ensure excellent reviews and strong levels of repeat business and word of mouth recommendations. Through personal choice, our clients choose to trade the business on a Bed & Breakfast only basis and do not offer evening meals. Braeside benefits from a strong web presence and has its own website www.braesideguesthouse.co.uk which in turn is linked to a number of well-known online accommodation booking sites. There are excellent levels of repeat trade and its high-profile trading position means there is always a good amount of passing trade and consequently the business benefits from strong levels of forward bookings. The business is run by our clients, a husband and wife partnership with no staff employed.

Our clients have chosen to limit the trade of the business right up to the VAT threshold of £85,000. Consequently they have traded the business for only 40/42 weeks of the year, however, there is little doubt that the business could easily trade well in excess of the VAT threshold. Full accounting information for this extremely profitable business can be made available to interested parties, following a formal viewing appointment.

We believe that Braeside is an excellent opportunity to purchase an established and highly impressive bed and breakfast business, in a prime trading position and which still offers tremendous potential to develop all aspects of the trade, as desired. There are undoubted opportunities for new owners to increase the number of weeks that the business trades. Braeside is a stunning and profitable home and business and businesses in such sought-after locations are always in very short supply, but those which provide an such an enviable lifestyle and still offer genuine potential, such as Braeside, are very rare indeed. An internal viewing is essential in order to fully appreciate all that this enviable business opportunity has to offer.

E = 50.

For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

All mains services are connected to the subject property.

£635,000 for the valuable freehold interest as a going concern business and full trade inventory. Stock (if any) to be additional at valuation. Vacant possession upon completion.

Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.

More information from this agent

Nearest stations

  • Exeter Central (0.1 mi)
  • Exeter St. Davids (0.4 mi)
  • St James Park (0.5 mi)
Distances are straight line measurements from centre of postcode


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Nearest stations

  • Exeter Central (0.1 mi)
  • Exeter St. Davids (0.4 mi)
  • St James Park (0.5 mi)
Distances are straight line measurements from centre of postcode

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