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COMMERCIAL

Torrs Park, Ilfracombe, Devon, EX34 8AZ

Offers Over
£795,000
Pilkington Estates, Stoke
PROPERTY TYPE

Hotel

BEDROOMS

9

BATHROOMS

12

SIZE

6,000 sq ft

557 sq m

Floor/Site plan 1Floor/Site plan 2
2

Key features

  • Established boutique hotel business
  • Turnover to VAT threshold (c. £90,000)
  • Excellent year-round growth potential
  • Potential to add four en-suite letting rooms
  • Self-contained owners' accommodation
  • Prime Torrs Park location with parking

Description

An outstanding opportunity to acquire a beautifully presented and highly successful boutique hotel in the sought-after Torrs Park area of Ilfracombe. This impressive Victorian property combines an established and profitable hospitality business with substantial scope to increase turnover through extended trading and additional guest accommodation.

Occupying an elevated position within landscaped grounds, the property has been extensively restored and maintained to a high standard, offering a turnkey business with an excellent reputation and multiple opportunities for future growth.

The business currently trades for approximately 182 days over a seven-month season, consistently achieving annual turnover up to the VAT threshold (approximately £90,000). A new owner has clear potential to significantly increase revenue by extending operations throughout the full 12-month calendar year and trading beyond the current VAT threshold.

Further value can be unlocked by reinstating four former en-suite guest bedrooms that are currently utilised as communal facilities including a cinema, gym, sauna and library. These rooms were originally designed as guest accommodation and can be readily converted back, increasing bedroom capacity and income potential.

The accommodation is arranged over four well-planned floors and comprises:
Lower Ground Floor
A spacious and self-contained owners' apartment featuring a lounge, kitchen/dining room, conservatory, two en-suite bedrooms, laundry room and extensive storage, providing comfortable private accommodation separate from the guest areas.
Upper Ground Floor
Reception area, residents' bar/lounge with balcony, breakfast room and four versatile rooms currently arranged as a cinema, gym, sauna and additional reception space. These rooms offer excellent flexibility and could be returned to guest accommodation to maximise occupancy.
First Floor
Five beautifully presented en-suite letting bedrooms together with a further room currently operating as a reading room/library, which was formerly an en-suite guest bedroom and could again generate additional income.
Second Floor
Flexible accommodation comprising two en-suite guest bedrooms, kitchen/dining room and two further rooms, allowing for a variety of operational models including additional B&B accommodation, a self-contained apartment, staff accommodation or owners' accommodation.
Externally, the property benefits from attractive landscaped gardens, multiple guest seating areas, ample off-road parking and a peaceful woodland area leading to a picturesque brook, creating an attractive setting that enhances the guest experience.

Business Highlights

  • Established boutique hotel with an excellent reputation.
  • Turnkey operation presented to a high standard throughout.
  • Annual turnover consistently reaching the VAT threshold (approximately £90,000).
  • Currently trades only 182 days per annum over a seven-month season.
  • Significant scope to increase turnover through year-round trading.
  • Opportunity to increase guest capacity by reinstating up to four former en-suite letting rooms.
  • Spacious private owners' accommodation.
  • Attractive landscaped grounds with ample parking.
  • Prime position within the desirable Torrs Park area of Ilfracombe.

This is a rare opportunity to acquire an established hospitality business with proven income, excellent owner accommodation and genuine opportunities for substantial future growth. The combination of an established trading history, unused accommodation potential and the ability to extend the trading season makes this an attractive proposition for owner-operators, experienced hoteliers and investors alike.

Council Tax: Owners' apartment – Band A. The commercial accommodation is currently assessed for Business Rates

Torrs Park, Ilfracombe, Devon, EX34 8AZ

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barnstaple Station9.6 miles
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About Pilkington Estates, Stoke

Harscombe House 1Darklake View, Plymouth, PL6 7TL

Buying and selling property is both an art and a science. In the 21st century, the world of estate agency has blossomed in the digital environment, leaving many traditional firms left standing, eyeing the technology with confusion and suspicion rather than embracing it. The team at Pilkington Estates are digital natives, embracing everything the modern world has to offer to help present your home in the best possible light, and using technology to get the right message to the right buyer at the right time.

This contemporary, no nonsense approach is balanced by a sensitivity and empathy towards their customers, both buyers and sellers, that allows us to offer a truly one to one bespoke service.

We understand that every customer is different, and each client has different needs and requirements, so will customise any modern method of selling to suit individual requirements.

Whether you are an old hand with multiple sales under your belt, or whether you are selling a much loved family home for the first time, Pilkington Estates are careful to hand hold you through the process as much or as little as you need.

We can help keep your house hunting enthusiasm burning with intelligent recommendations or can take the strain of the entire relocation process by doing all the running around that you are too busy to do.

We sit comfortably in this fast-paced world, understanding your need for urgency. We bring an energy and confidence to the whole buying and selling process that will get the job done without the drama.

This is not an agency that likes to sit around waiting for the phone to ring!

Notes

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Disclaimer - Property reference PLK_STH_LFSYCL_1072_1234533223. 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 Pilkington Estates, Stoke. 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.

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