Guest House for sale

Paignton Court Hotel, 17-19 Sands Road, Paignton, Devon, TQ4 6EG

£699,960

Property Description

Commercial information

  • Business for sale

Key features

  • 16 en suite letting bedrooms
  • Abridged Profits c.92,000
  • Fully refurbished throughout
  • Bar & breakfast room. Extensive parking
  • 2 owner's apartments
  • Short walk from the beach. Energy Rating B

Full description

Tenure: Freehold

Description

An exceptional detached Victorian Villa believed to have been built in the 1860s as a gentleman's residence.

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 is now presented in excellent order throughout and benefits from a loyal following of repeat customers.

Our clients have developed Paignton Court into a profitable bed & breakfast business, which is now ideally positioned for a new owner to take over and benefit from its ever increasing sales figures.

Location

Paignton Court is ideally situated only a short walk from Paignton town centre, beach as well as Paignton Train Station.

Paignton sits at the centre of the English Riviera and is a popular year round tourist destination. The town is easily accessible via the A380 and M5.

Internal Details

Ground floor breakfast room/dining room with seating for 34 guests. The dining room also incorporates the bar which is open for residents during the evening.

Kitchen with a selection of commercial and domestic appliances.

A range of stores, laundry room and boiler room.

First floor residents lounge with a range of soft seating.

Fixtures & Fittings

We are informed that the trade fixtures and fittings are included and an inventory will be provided.

Letting Accommodation

16 en suite letting bedrooms arranged across the ground and first floor, to sleep up to 30 guests.

External Details

Large tarmacked car park to the front of the hotel with space for 12 + cars, plus a further smaller car park to the rear of the hotel with three extra spaces.

Patio seating area with seating for 10.

Private gardens and courtyard to the rear of the hotel, currently laid with artificial turf for ease of maintenance. Large wood clad storage shed.

Owner's Accommodation

The present owners have split the accommodation into two flats for multi generational living, however it could just as easily be used without any conversion work as one single apartment. Both flats are located on the ground floor and have direct external access into the private garden.

Flat 1 comprises a lounge, dining room, utility room/potential kitchen, master bedroom with en suite, two further double bedrooms and a shower room.

Flat 2 comprises a lounge, dining room and master bedroom with en suite bathroom.

The Opportunity

The hotel is currently run by a hands on owner operator partnership with minimal staffing to maximise the profitability of the business.

The business could equally suit a partnership that wants to take a less hands on approach and employ additional staff to share the work load.

Trading Information

We are in receipt of accounts for the 31 March 2018 which show a net turnover of £135,717 and adjusted net profit of £91,980.

Business Rates

Rateable value with effect from 1 April 2017 is £12,250.

Regulatory

Premises Licence.


Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.9 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

  • Paignton (0.2 mi)
  • Torquay (2.1 mi)
  • Torre (2.9 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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