Hotel for sale

Freehold 30 Bedroom Hotel & Public House Located In Newquay
28 Rooms En-suite
Possible Residential Development (Subject To Planning Permission)
Ref 2957

Location
This established Hotel & Public House is located on Henver Road which is the main road leading into Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid-back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort all wrapped up in the most fantastic coastal scenery.

Freehold Asking Price: £950,000

Business Description
Veritas Business Sales are delighted to offer for sale this popular 30-bedroom Hotel & Public House which is located in the Cornish seaside town of Newquay. There has been a hotel on this site for over 70 years and has been in the careful hands of the current owner for the past 41 years. Reluctantly the business is now being offered for sale so that they can enjoy a well-deserved retirement.
Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Godolphin Arms Hotel & Public House is owner operated with the help of 10 part time members of staff (depending on the time of year) and for year ending 31st August 2023 posted an annual turnover of £508,980 with a GP of £367,000 (72%). Prices are per room per night basis and all but one of the rooms are en-suite and benefit from, colour TV's, Wi-Fi and complimentary tea & coffee making facilities. The hotel has a public bar to the front of the building and a large bar/function room to the rear which includes an additional dining area and dance floor.
The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established turnkey business or the property would lend itself to conversion or even redeveloped subject to obtaining planning consent. With this in mind early viewing is highly recommended.

Ground Floor
Entrance & reception (2.1m x 5.0m) with reception desk, various pictures and wall mounted mirror.
Bar entrance (8.6m x 2.3m).
Front bar & lounge (6.3m x 8.9m) comprising: tables & chairs with seating for (34, 2 bar stools, breakfast type bar with 3 stools, 2 x 45” wall mounted TV screens, 3 under counter drink fridges (Gamko), electronic till, coffee machine, wash basin, glass washer (Dexion), coffee machine (Vitro S1) and usual bar facilities. Back bar (14.7m x 8.2m) comprising: 2 x two door drinks fridges, electronic till, usual bar facilities, tables & chairs with seating for (50), pool table, dart board and large projector screen.
Dining room (10.0m x 6.0m) with tables and chairs to cover (48), various wall mounted pictures and various wall mounted wine racks.
Kitchen (5.1m x 8.2m) comprising: various stainless steel prep tables, 2 x commercial microwaves (Samsung), 6 burner cooker (Falcon), salamander grill, new large extraction unit, 2 single fryers (Lincat), hot plate, chest freezer, wash basin, 2 plate warming units, hot water dispenser, upright commercial fridge, dishwasher and push through trays, double sink with drainer, various shelving and in & out doors through to dining room. Storeroom (5.3m x 1.7m) with 3 x chest freezers, various shelving, meat slicer (Buffalo), ice maker (Whirlpool),and sink.
Toilets with men's & ladies.

First Floor
Accommodation
Bedroom 1 (3.6m x 4.3m) Family with en-suite.
Bedroom 2 (3.5m x 2.5m) single with en-suite.
Bedroom 3 (3.5m x 3.3m) double with en-suite.
Bedroom 4 (1.6 mx 3.1m) single with en-suite..
Bedroom 6 (3.1m x 2.4m) double with en-suite.
Bedroom 7 (2.5m x 3.1m) double with en-suite
Bedroom 8 (3.2m x 2.6m) double with en-suite.
Bedroom 9 (3.2m x 2.6m) double with en-suite. Bedroom 10 (3.1m x 2.6m) double. Bedroom 11 (3.1m x 2.6m) double with en-suite. Bedroom 14 (3.0 x 1.8m) single with en-suite. bedroom 15 (3.6m x 3.3m) twin with en-suite. Bedroom 16 (2.5m x 3.5m) single with en-suite. Bedroom 17 (4.2m x 3.7m) double with en-suite. Bedroom 18 (3.5m x 2.1m) single.
Second Floor
Bedroom 19 (3.5m x 4.7m) family with en-suite. Bedroom 20 (3.8m x 3.0m) twin with en-suite. Bedroom 21 (3.8m x 3.5m) double with en-suite. Bedroom 22 (3.8 x 2.7m) double with en-suite. Bedroom 23 (3.0 x 2.6m) twin with en-suite. Two small built in cupboards. Bedroom 24 (2.7m x 2.8) double with en-suite. Bedroom 25 (2.6m x 2.7m) double with en-suite. Bedroom 27 (4.0m x 2.7m) family with en-suite. Bedroom 28 (2.3m x 4.8m) family with en-suite.
The Annex
Bedroom 29 (2.6m x 3.2m) double with en-suite. Bedroom 30 (4.2m x 3.0m) twin with en-suite. Bedroom 31 (3.1m x 3.3m) double with en-suite. Bedroom 32 (3.0m x 2.1m) single with en-suite. Bedroom 33 (4.3m x 5.1m) double with en-suite. Bedroom 34 (3.5m x 4.6m) double with en-suite. Cellar (2.5m x 4.0m) with usual cellar requirements Laundry Room.
All guest bedrooms come with flat screen TV's
and tea & coffee making facilities.

Owners Accommodation - Ground Floor
Bedroom 1 (4.4m 3.7m) Lounge(4.3m x 3.6m) Bathroom (3.3m x 1.8m) Separate Toilet Kitchen(1.7m x 2.8m)

External
Parking for (16) Garden with seating area.
EPC Rating C