Beautifully Presented 13 Bedroom Hotel Located On Plymouth Hoe Spacious Owners Accommodation
Ref 2379

Location
This respected Hotel is located in Plymouth on the beautiful South Devon coastline. Positioned within a prime trading position close to the famous Plymouth Hoe promenade. The largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year. The town is easily accessed via the A38/M5 and mainline railway station.

Freehold Asking Price: £619,950 plus SAV (£1,000)

Business Rates: £1,884 pa
Domestic Rates: £1,092 pa

Business Description
Veritas Business Sales are delighted to offer for sale this delightful 13 bedroom hotel which is located in Plymouth, Devon. The property was transformed into a hotel over 50 years ago and has been in the careful hands of the current owner for the past 19 years. The business is now being offered for sale so that they can enjoy a well deserved retirement. The hotel is kept to a very high standard and since ownership they have continually refurbished and invested in new equipment along with fixtures and 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 Citadel House is owner operated with the help of 2 part time members of staff and has an annual turnover of circa £150,000. Room tariffs range from a double or twin room en-suite £79.00, family room £99.00 for 3 people and a family room for 4 people £119.00. All prices are per room per night on B and B basis and all rooms benefit from gas fired central heating, colour TVs, Wi-Fi and complimentary tea and coffee making facilities. We believe that the business has the potential to offer evening meals for guests and non residents which would increase revenue should you wish. 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 from visiting tourists. This is a superb opportunity to purchase a business that has already benefited from significant investment which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Ground Floor
Entrance/Hallway
Guest Lounge (3.8m x 3.5m) with feature fireplace, settee and 2 side tables.
Breakfast Room (6.4m x 4.4m) comprising: table and chairs to cover (20), various pictures, radio (Bush), book case and cutlery cabinet.
Kitchen (3.1m x 3.9m) comprising: fitted kitchen wall and base units, 2 microwaves, 4 ring gas cooker (Flavel), 2 toasters, under counter fridge (Hotpoint), dishwasher (Bosch), dual sink with drainer and 2 kettles.
Storeroom (1.5m x 2.2m) with shelving and washing machine.

Owners Accommodation (Basement)
Kitchenette (1.5m x 3.5m)
Lounge (5.2m x 4.2m) with feature fireplace
Master Bedroom (5.3m x 3.0m) double with built in wardrobes and shower
Bedroom 2 (3.2m x 3.3m) double with en-suite
W/C with wash basin

External
Rear courtyard with seating
Laundry Room (1.5m x 3.0m) with shelving
Large Garage (6.2m x 6.7m) with possibility of planning for conversion

First Floor
Accommodation
Bedroom 1 (3.5m x 3.1m) double with shower
Bedroom 2 (2.9m x 3.0m) double en-suite
Bedroom 3 (2.0m x 3.2m) single with wash basin
Bedroom 4 (3.2m x 5.7m) family en-suite
Bedroom 5 (3.0m x 3.7m) double with shower and wash basin
Bedroom 6 (2.8m x 3.1m) double with sink

Second Floor
Bedroom 7 (3.2m x 3.9m) twin with en-suite
Bedroom 8 (1.8m x 2.4m) single with wash basin
Bedroom 9 (3.5m x 3.4m) family en-suite
Bedroom 10 (2.6m x 4.4m) twin en-suite

Third Floor
Bedroom 11 (3.5m x 2.9m) double en-suite
Bedroom 12 (3.3m x 3.2m) family en-suite
Bedroom 13 (2.8m x 4.0m) double en-suite

All guest bedrooms come with wall mounted flat screen TV's and tea and coffee making facilities

EPC Rating C

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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