Hotel for sale
Property description & features
- Tenure: Freehold
- Successful licenced guest house
- Overlooking the river & village with sea glimpses
- On site private parking
- Part oil fired central heating and part electric
- Large public rooms
- Fully furnished and equipped
- Modern 2 bedroom owner’s apartment
- Takings circa £99,000 per annum
In probably the most visible and prime tourist trading location in North Devon this property stands at the beginning of Lynmouth Street overlooking the West Lyn River in Lynmouth, a popular tourist destination. The village, together with its neighbouring twin town of Lynton, is often referred to as the Little Switzerland of England being surrounded by deep sided wooded river valleys that sweep down to the sea at Lynmouth Harbour. The property overlooks the Lyn River with views over the village and the sea beyond from the corner elevation. The property is highly visible upon the approach into the village. It is close to shops, cafes and the picturesque harbour and beaches.
The premises consist of a substantial property set back from the main road and river with the ground floor taken up entirely by the large 18 seater licensed breakfast room as well as attractive bar together with the main reception for the hotel and well equipped commercial kitchen. The property was completely refurbished and upgraded in 2008 and now provides a modern guest house with 5 luxuriously appointed en-suite bedrooms all well-equipped and fitted with modern furniture throughout. The property also has the benefit of valuable private parking for 6 cars plus up to 10 picnic tables overlooking the Lyn River. In 2019 the current owners, who have been in occupation for the last 9 years, converted a former store into a quality open plan 2 bedroom owner’s apartment with one of the bedrooms having an en-suite facility and there is also a guest shower room.
Planning consent was granted on the 12th January 2007 ref 62/41/06/044 for alterations and extensions including the raising of the rear gable on the rear first floor extension as well as alterations to the windows. At that time the property was completely refurbished and redesigned. On the 20th February 2008 further consents granted under reference 62/41/07/041 for a 2 storey extension that will allow for the enlargement of the hotel to a 10 bedroom hotel. Therefore there is huge potential to redevelop the accommodation further.
We understand that the property benefits from a premises licence under the Licensing Act 2003 licence number PLWA0327.
Operated by the two proprietors plus part time staff, this is a high quality bed & breakfast establishment. With one family suite and 4 further en-suite bedrooms the tariff ranges from £135 per night to £180 per night. Takings for the last financial year 2021 to 2022 produced takings of about £99,000 per annum. We strongly recommend early viewing of this successful business to avoid disappointment. The restaurant is currently for the exclusive use of guests staying at the property. However in previous years it was established as a busy catering premises open to the general public and it is considered that this part of the business could be exploited again to add another income stream.
See business website here:
Entrance Lobby 8.9m x 3.7m
Curved ornamental solid wood bar servery with shelves behind.
Inner Office 2.74m x 1.88m
Breakfast Room 7.42m x 6.83m
Open plan. Sunny outlook with door to outside. Double internal doors to guest reception area.
Guest Lounge 7.42m x 4.88m
With quiet seating area and double doors to outside.
Commercial Kitchen 5.87m x 5.97m
The kitchen is fully furnished and equipped, subject to trade inventory, excluding those items of a personal nature. There are two walk in cold rooms, each measure around 9'6" x 5'5"
Rear Lobby 2.57m x 1.47m
With space and plumbing for washing machine.
The current owners converted the private apartment in 2019. This is a ground floor single story extension and has an open plan T-shaped living area including a bespoke fully fitted private kitchen, with two bedrooms (one en-suite) and a guest bathroom.
Living/Dining Area 8.5m x 3.94m
Kitchen 4.27m x 3.38m
Fully fitted bespoke kitchen with matching base cabinets, breakfast island, hob, microwave and cooker.
Shower Room 4.4m x 2.36m
With double shower, low level toilet and wash hand basin.
Bedroom One 4.27m x 3.05m
En-Suite Bathroom 3.53m x 1.68m
Of irregular shape with 4 piece suite.
Bedroom Two 3.89m x 3.28m
Of irregular shape.
With self-contained access from ground floor porch and lobby with inter-communicating room to Guest Lounge.
Ground Floor Lobby
Bedroom One - Family Suite
Bedroom (Double) 4.6m x 3.94m
Off inner landing. With river views.
Bedroom (Twin) 3.43m x 2.82m
With views over the river.
Bedroom Two - Double 4.83m x 3.96m
With river views.
En-Suite Bathroom 2.13m x 2.13m
With three piece suite.
Bedroom Three - Double 7.44m x 3.3m
With river views.
En-Suite Bathroom 2.2m x 2.18m
With modern three piece suite.
Landing 2.34m x 1.96m
With built in cupboard.
Bedroom Four - Double 4.6m x 3.89m
With views to the river and sea.
Bathroom WC 3.3m x 2.18m
With four piece suite.
Bedroom Five - Double 3.66m x 3.89m
With Velux window.
En-Suite Bathroom 3.89m x 1.7m
With modern three piece suite.
All letting bedrooms are fully furnished, subject to trade inventory, excluding those items of a personal nature.
The property is set back from the main road in Lynmouth Street and overlooks the shared approach road into the cul-de-sac private car parking area with spaces as well as an area for outside seating directly overlooking the West Lyn River. It should be noted that the double garage is owned by another party as is one parking space at the top of the car park. In addition there is a SWEB sub-station within the parking area and the electric company have a right of way over the approach road. To the rear of the property is an enclosed yard. For more info about the rights of way please contact the agents.
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
Strictly by appointment through the selling agents.
£10,250 UBR, as of April 2017, 47.9p in the £ Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
Property information from this agent
Places of interest
See more properties like this:
Property reference COM220051. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Barnstaple.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.