Hotel for sale

LOCATION
Set back from the main approach road into Ilfracombe, North Devon’s leading resort, the property is in an ideal position for passing trade.
Within the vicinity are the picturesque pleasure gardens at Bicclescombe Park providing meandering brooks, a boating lake, tennis courts, playground areas and even a licenced cafe/mill. The property is within approximately one mile of Ilfracombe seafront and all town centre amenities.
The resort of Ilfracombe has a population of around 12,000 inhabitants which is boosted during the summer months with an influx of tourists. In recent years the world renowned artist Damien Hirst has provided the town a statue on the pier called ‘Verity’, which is on loan to the local authority and has increased the number of day visitors to the resort.
The North Devon Council also built a sea sports centre at Larkstone Beach for sea based activities which also has a popular cafe called The Line Kiln which overlooks the sea and pier. The nearest commercial centre is Barnstaple which is approximately 12 miles to the south.

THE PROPERTY
This period Victorian villa dates to about 1885 and the current owners have lavished great love, care and attention on the property. The Earlsdale B&B is a gracious family home which commands your early attention as a turnkey business ready to trade with the utmost of ease.
This stunning example of a Victorian residence has been lovingly restored by the owners over the last six years with many improvements in keeping with the age of the residence. The eye for detail is breath taking in both the style and decorative scheme throughout. All letting bedrooms have been fully re-refurbished, all windows in guest bedrooms have been renovated with original working sashes, a new central heating boiler and hot water tank has been installed, numerous radiators replaced and the property has been fully re-wired. The car park has recently been re-surfaced and there is a 7kW EV charger. All public rooms have been re-furbished to a high standard and highlight the Victorian features such as the quarry tiled flooring and leaded lights to some windows. The property has an array of recently fitted solar panels for energy efficiency and are owned outright by the vendor. Other improvements include LED lighting throughout, a new external bin store, a new roof on the south wing along with a new lead roof to the bay windows and refurbishment to the ironwork on the balcony.

THE BUSINESS
Open for eight months of the year, under the personal supervision of the owners, the business operates as a bed and breakfast establishment from March to December and the business produces a turnover of £90,000 per annum (at the VAT threshold) from 7 letting rooms. This is a profitable business, well worthy of early consideration and we understand the property will be offered comprehensively furnished and equipped subject to trade inventory (excluding those items of a personal nature). The owners operate an adults only policy and do not allow pets. The business has superb reviews on TripAdvisor, is currently rated the number 2 hospitality provider on Trip Advisor and Booking.com and has won the TripAdvisor Travellers Choice Award for the past 6 years running. There is a high percentage of return bookings with 70% being generated directly from the businesses own website. The premises are licensed to provide a selection of beers, ciders, wines, spirits and soft drinks. The owners operate an honesty bar which is open until 9pm every evening.
Upon approaching Ilfracombe from the south on the main A39, the property can be found on the main approach into the town directly opposite the junction with Bicclescombe Park Road on the left hand side.