8 bedroom guest house for sale

Harbour View, 65 King Street, Brixham, Devon, TQ5

£595,000

Property Description

Key features

  • Impressive Harbourside Bed & Breakfast
  • Prime Central Position with Stunning Views
  • 8 Letting Bedrooms, Separate Owners Cottage
  • Impressive Levels of Trade from 33 Weeks
  • Rare Lifestyle Business Opportunity

Full description

Tenure: Freehold

This is a smart and well presented character Grade II Listed building that was formerly the harbourmaster's house, with origins dating back to the 18th Century. Constructed of local stone and set over four floors under a pitched slate roof with painted elevations, with separate cottage style private owners accommodation to the rear, which was built around 1980. The property has been the subject of complete renovation and refurbishment by our clients during their 8 years of ownership and the business is presented and furnished to a high standard throughout and offers 8 high quality Letting Bedrooms all with private facilities (7 En-Suite and 1 with Private Bathroom) and 6 having stunning harbour views. Open plan Lounge/Breakfast Room, again with harbour views; fully fitted Kitchen; completely separate Owners Accommodation with Lounge, 2 Bedrooms and a Bathroom. Externally, the property benefits from a terraced Rear Garden with a shed and a further Small Courtyard Area between the owners accommodation and the main building.

THE PROPERTY Harbour View is a smart and well presented character Grade II Listed building that was formerly the harbourmaster's house, with origins dating back to the 18th Century. Constructed of local stone and set over four floors under a pitched slate roof with painted elevations, with separate cottage style private owners accommodation to the rear, which was built around 1980. Harbour View has been the subject of complete renovation and refurbishment by our clients during their 8 years of ownership and the business is presented and furnished to a high standard throughout and offers 8 high quality Letting Bedrooms all with private facilities (7 En-Suite and 1 with Private Bathroom) and 6 having stunning harbour views. Open plan Lounge/Breakfast Room, again with harbour views; fully fitted Kitchen; completely separate Owners Accommodation with Lounge, 2 Bedrooms and a Bathroom. Externally, the property benefits from a terraced Rear Garden with a shed and a further Small Courtyard Area between the owners accommodation and the main building.

SITUATION Harbour View occupies an enviable and prominent trading position in Brixham's Inner Harbour with picturesque views of the fishing port and the sea and coast beyond. The beautiful harbour town of Brixham is home to both a thriving fishing and leisure industry and hosts numerous events and festivals throughout the year. Brixham, together with Torquay and Paignton, forms the Borough of Torbay, better known as The English Riviera because of its unique micro-climate. Brixham is renowned as one of the country's principal fishing ports and is an increasingly popular and prestigious resort town, highly regarded by both residents and visitors alike, with its impressive marina and harbour areas. Harbour View is situated right on the south west coastal path, and welcomes many people walking the path.

INTERNAL DETAILS Access to the ground floor at the front is via a central entrance door leading into a Lobby which provides access through into the attractive and open plan Lounge/Breakfast Room with reception desk, comfortable sofa seating area, built in bookshelves and cupboards and free standing tables and chairs comfortably seating 14 guests with views over the harbour. Stairs to upper floors and door into kitchen. Kitchen a trade and domestic area fitted with a 6burner oven, built in units and worksurfaces, sink, dishwasher and refrigeration.

LETTING ACCOMMODATION The property offers 8 letting bedrooms which can sleep up to 17 guests, located on the first, second and third floors. Each of the recently refurbished letting bedrooms is equipped with flat screen remote control colour televisions with Freeview channels and DVD players, tea and coffee making facilities, alarm clock radios, hairdryers and wi-fi throughout. The stylish and well presented bedrooms briefly comprise:-

FIRST FLOOR - Bedroom 1 - a double room with sea and harbour views to the front and an En-Suite Shower Room. Bedroom 2 a double room with sea and harbour views to the front and an En-Suite Shower Room. Bedroom 3 a double room with a view over Brixham to the rear, exposed stone wall and feature fireplace and an En-Suite Shower Room. Laundry Cupboard with 3 lockable doors.

SECOND FLOOR - Bedroom 5 a twin room with view over Brixham to the rear, exposed stone wall and feature fireplace and an En-Suite Shower Room. Bedroom 6 a triple room with sea and harbour views to the front and an En-Suite Shower Room. Bedroom 7 a double room with sea and harbour views to the front and an En-Suite Shower Room.

THIRD FLOOR - Bedroom 9 a double room with sea and harbour views to the front and an En-Suite Shower Room. Bedroom 10 a double room with sea and harbour views to the front and a Private Bathroom with shower over bath. Store Room with lockable door.

PRIVATE ACCOMMODATION To the rear of the main property is a separate owners cottage providing private accommodation which briefly comprises:- ground floor Lounge; Bathroom with shower over bath; Kingsize Bedroom on the first floor and a Single Bedroom/Office on the first floor. Plans have been drawn up and Outline Planning Permission was granted to extend the private accommodation up into the terraced garden above and further details are available upon request.

EXTERNAL DETAILS A Terraced Garden with a Shed is situated behind the owners accommodation which is accessed by a walkway and side gate. Also to the rear is a Small Courtyard Area between Harbour View and the owners accommodation and the courtyard is accessed from the rear of the kitchen of Harbour View or via a side walkway through a wooden gate.

THE BUSINESS Harbour View has been trading as a guesthouse for more than six decades, with our clients being only the third owners in 46 years. Our clients have chosen to operate Harbour View as a lifestyle business and have traded just below the VAT threshold through personal choice. Consequently, the business traded for only 33 weeks in order to keep the turnover below the VAT level. A complete new fire alarm system was installed in June 2016 and the property has been comprehensively refurbished to a high standard throughout by our clients, during their 8 years of ownership. The high standards ensure excellent levels of repeat business and word of mouth recommendation and Harbour View also has a professional, mobile friendly website with integrated online booking engine, www.harbourviewbrixhambandb.co.uk which generates significant direct online bookings. Harbour View is not listed on any of the high profile online accommodation booking websites such as booking.com or expedia meaning that no commissions were paid on any of the bookings. In addition to the website, Harbour View has a popular Facebook page and also benefits from a Certificate of Excellence from TripAdvisor. Unfortunately, due to ill health, the business was closed for the 2017 season, however our clients continue to receive strong levels of booking enquiries for the 2018 season. The business is run by our clients with no staff employed.

TRADING INFORMATION Our clients have chosen to limit the trade of the business up to the VAT threshold and consequently they have traded the business for only 33 weeks of the year between March and October. However, they advise us that there is no doubt that the business could easily trade in excess of the VAT threshold if so desired. Turnover for the year ending October 2016 was 81,389 And full accounting information of this extremely profitable business can be made available to interested parties, following a formal viewing appointment.

POTENTIAL We believe that Harbour View is an excellent opportunity to purchase an established and highly impressive Bed & Breakfast business which still offers potential to develop many aspects of the trade, as desired. There are undoubted opportunities for new owners to increase the number of weeks that the business trades, for which demand exists. Harbour View is a wonderful and profitable lifestyle business which offers highly sought after sea views. Businesses in sought after locations are in short supply, and those which provide an enviable lifestyle yet still offer genuine potential for future growth in business, such as Harbour View, are very rare indeed. An internal viewing is essential in order to fully appreciate all that this enviable business opportunity has to offer and our clients are prepared to offer a handover and training to prospective purchasers if so required.

EPC Grade II Listed and therefore exempt.

RATING 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. We are informed that the business currently qualifies for 100% rate relief under the small business rate relief scheme and that no business rates have been payable for the past 8 years.

SERVICES We are advised that all main services are connected.

PRICE & TENURE 595,000 for the valuable freehold interest with a full trade inventory of fixtures and fittings included in the sale, to exclude any items of a private nature. A full inventory will be provided prior to exchange of contracts. Vacant possession upon completion.

VIEWINGS 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.

FINANCE 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

Listing History

Added on Rightmove:
09 October 2017

Nearest stations

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

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Map & Street View

Nearest stations

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

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