No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£799,950
OnTheMarket > 14 days

Hotel for sale

Lynmouth Street, Lynmouth, EX35
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Hotel
0 bed
0 bath

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
LOCATION
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 PROPERTY
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.

REFURBISHMENT PROGRAMME
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.

LICENSES
We understand that the property benefits from a premises licence under the Licensing Act 2003 licence number PLWA0327.

THE BUSINESS
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:

Rooms

GROUND FLOOR

Entrance Lobby 8.9m x 3.7m

Bar Servery
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.

Gents Cloakroom

Ladies Cloakroom

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.

PRIVATE APARTMENT
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.

LETTING ACCOMMODATION
With self-contained access from ground floor porch and lobby with inter-communicating room to Guest Lounge.

Ground Floor Lobby

FIRST FLOOR

Inner Landing

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.

Bathroom/WC

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.

SECOND FLOOR

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.

AGENTS NOTE
All letting bedrooms are fully furnished, subject to trade inventory, excluding those items of a personal nature.

OUTSIDE
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.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

RATEABLE VALUE
£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
B

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

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    Established in 1924, Webbers estate agents are a national award winning, independent estate agency, voted in the Top 3 estate agents in the UK for customer service in 2014. We have 16 West Country offices for residential sales & lettings in North Devon, West Somerset, Exmoor and Cornwall. Our exclusive Fine & Country marketing enables us to put our property in Park Lane, right in the heart of London, offering fabulous market exposure. In addition, with specialist departments for Commercial Property, Survey & Professional and New Homes, we deliver a comprehensive property service, with an enviable reputation as professionals in property, the leading Barnstaple estate egents. The town of Barnstaple is situated on the banks of the River Taw and is surrounded by stunning countryside and coastline with some of the most popular beaches in the UK.  The town is the commercial heart of North Devon and offers shopping centres and national stores alongside family businesses, including the famous Pannier Market, giving visitors a real mix and variety.  The villages surrounding the town have differing styles of property with each village offering something unique to prospective buyers and, with excellent transport links and schools, Barnstaple remains one of the most popular locations in the South West. Office and Staff Our busy Barnstaple office is in the heart of the town and looks after residential property sales in Barnstaple and surronds including, new homes and auctions.  The enthusiastic, experienced and dedicated team has 8 full time members of staff and led by the office manager, Lindsay Braddick, who has over 25 years experience in agency.  Val Bolton and Josh Coles make up the valuing team, Lucy Ley, Lucy Evans, Kelly Lane and Becky Storton are our sales negotiators, Elaine Williams is our very own dedicated Sales Co-ordinator and Su Griffiths the administrator for the branch.  The team is committed to delivering high levels of customer satisfaction on all levels so please pop in and see us so we can talk to you about the services we offer.

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    Broadband availability and predicted speed

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    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength

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    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

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    *Call rate information

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