Hotel for sale

The Richwood, 20 Newton Road, Torquay, TQ2 5BZ

£580,000

Property Description

Commercial information

  • Business for sale

Key features

  • 14 en suite guest bedrooms
  • 2 bedroom owners apartment
  • Bar and restaurant
  • Guest lounge and snooker room
  • Swimming pool & spa. Off Street parking
  • Well presented. Energy Rating D

Full description

Tenure: Freehold

Description

An exceptional attached Victorian Villa believed to date back to the 1880s, the hotel has been in the same ownership since 2011 and during this time has undergone extensive refurbishment throughout, aiming to restore many of the original features.

The hotel has undergone a number of extensions over the years and the property benefits from spacious public areas and guest rooms. Recently the hotel has benefited from the addition of extensive solar panels, set on the Richwood’s roof.

The Richwood is traded to suit the present owners lifestyle, closing for three to four months each year. The hotel enjoys a popular reputation winning a number of awards under the current ownership, the hotel benefits from good levels of repeat business year on year.

The business comes with significant scope to further develop the levels of trade through various avenues including; opening the business for a full 12 months of the year, further advertising to increase occupancy and opening the restaurant and bar to non residents.

Location

Torquay is a popular tourist destination on the South Devon Coast known for its palm trees, bustling town centre, beaches and marina. It has earned the reputation as The English Riviera. The hotel is within short walking distance from the seafront, marina and Torquay's centre.

Internal Details

Open plan restaurant and bar located just off the main entrance hall, seating for approximately 26 guests and bar servery. Guest lounge featuring a range of soft seating and games room with pool table and darts board. Second bar, located on the lower ground floor level, currently unused but which could be reinstated.

In addition to the public areas, there is a fully equipped commercial kitchen, utility room, office, small conservatory and customer WC facilities.

Fixtures & Fittings

We have been advised that all trade fixtures and fittings are included in the sale.

Letting Accommodation

14 well-appointed en suite letting rooms bedrooms comprising:
• One deluxe room with four poster bed, walk-in shower and seating area.
• Five standard doubles.
• One premier double with king size bed and seating area.
• Two family rooms with bunk bed and double bed with seating area.
• One large double/family room with seating area for five with a double, a single and bunk beds.
• Three twin rooms (two of which are premier rooms).
• One single “turret” bedroom.

External Details

The hotel is set within a spacious plot, featuring a well presented garden to the rear featuring sun terrace, outside seating, heated swimming pool and spa. To the front of the property, the private car park provides space for approximately seven cars, free on street parking is available in the immediate area.

Owner's Accommodation

The owners apartment is located on the ground floor and comprises two en suite double bedrooms, lounge with access to the private rear balcony.

Staff

The hotel is operated by a hands on partnership, keeping staff costs to a minimum.

Trading Information

We are in receipt of accounts for year end 31 March 2017, which show a net turnover of £71,894 and net profit of £35,114.

Business Rates

Rateable value with effect from 1 April 2017 is £11,750. The present owners benefit from small business rates relief.


More information from this agent

Nearest stations

  • Torre (0.2 mi)
  • Torquay (0.8 mi)
  • Paignton (2.8 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.

Floorplans


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

  • Torre (0.2 mi)
  • Torquay (0.8 mi)
  • Paignton (2.8 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.

Disclaimer - Property reference 3246679-fh. 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 Christie & Co , Exeter. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.