60 Room Hotel in Torquay For Sale

Business description

Bag a Business is pleased to offer for sale this thriving hotel, which has bookings up to, and including, 2010. It dates back to the early 1900s and has been under the proud ownership of our clients since 2002. The business is run by them and a dedicated team of staff and enjoys an annual turnover in excess of £445,000, whilst enjoying a gross profit of over £198,000. It has a projected turnover of £647,000 for next year. This is further enhanced by the spacious owner's accommodation, which opens out onto the gardens. We are advised that planning permission has been granted for the addition of a decking area covering the roof of the dining room below, accessed from the bar, and that a swimming pool could easily be constructed in the gardens. We feel that this opportunity acts as an ideal base for a new owner to build upon, either as an owner/operator or as a bolt-on acquisition for a company looking for a presence in Torbay.

Property information

Property:

Freehold

Living accommodation:

Immaculately presented 60 bedroom hotel (all en-suite) of which 21 benefit from stunning sea views. Briefly comprising: PUBLIC AREAS Reception hall, with reception desk, telephone kiosk and an 8-person passenger lift. Ladies and gentlemen's WCs. LEISURE FACILITIES Games room, with table tennis table and dart board. 4-person sauna and spa bath WC GROUND FLOOR Lounge/bar, with wood block dance floor, bar servery with canopy and security grill, serving draft lager and bitter, bottled lagers/beers and soft drinks, a variety of wines and spirits. The bar lounge enjoys pleasant southerly aspects over Torbay and onto the sea. LOWER GROUND FLOOR Restaurant with 120 covers Dry lounge ANCILLARY AREAS Situated on the lower ground floor there is a good sized commercial kitchen which was refurbished in 2003 including an excellent range of commercial catering equipment. Servery area, with still room and wash up room adjoining. Preparation area Dry store Adjoining covered courtyard providing access for deliveries. There are various store rooms throughout the hotel as well as a Manager's office. Laundry, with linen room housing commercial washing machine, tumble dryer and 2 domestic washing machines. LETTING ACCOMMODATION The 60 guest bedrooms are arranged on four floors with the 8-person lift serving the main building. Each bedroom is equipped with tea and coffee making facilities, colour television, internal telephone and radio alarm clocks. The rooms are arranged as follows: GROUND FLOOR - 5 family rooms, 9 double/twin rooms, 8 single rooms, all with en-suite facilities. LOWER GROUND FLOOR - 2 family rooms, 5 double/twin rooms. all with en-suite facilities. FIRST FLOOR - 4 family rooms, 16 double/twin rooms, 4 single rooms, 1 single room. Each of these first floor rooms are en-suite apart from one, which is a single, with a separate private bathroom and generally used by a coach driver . Also on the first floor there is a separate guest bathroom and 2 ladies WCs. SECOND FLOOR - 6 double/twin rooms, all with en-suite facilities. OWNER'S ACCOMMODATION Situated on the lower ground floor are two separate owner's apartments, each with their own hallway and lounge with adjoining sun lounge. Both apartments also have a separate kitchen, bathroom and double bedroom. Both flats have an independent central heating system. EXTERNAL To the front of the hotel is a car park with space for either 2 coaches or 15 cars. There is also a garage with further parking for 8 to 10 cars. The gardens to the rear of the hotel are well tended and looked after by our clients and comprise lawned areas with water features and include some mature shrubs and trees.

Location:

This stunning 60 bedroom hotel is situated in a prominent position in the sought after south Devon resort of Torbay, which consists of the seaside towns of Torquay, Paignton and Brixham. It has its own car park as well as garage parking facilities for guests. The business draws its trade from people who flock to the area on holidays or short breaks. Torquay is a resort in the truest sense of the word, attracting visitors of all ages and interests throughout the year. Currently undergoing a waterfront regeneration and a number of new attraction and accommodation schemes, it has something for everyone of all ages, at all times of the year, including a number of heritage sites such as Torre Abbey and Kents Cavern. It has excellent links with both bus and train stations. The M5 motorway is accessed at the nearby city of Exeter, which is 20 miles away.