Paignton Hotel With Ten Guest Rooms For Sale

Business description

As with so many of this type of business the core business is that of Bed & Breakfast offering rooms from £25pppn (£35pppn for single occupancy) with the benefit of having allocated parking for each letting bedroom.

All the accommodation is in our opinion well presented and some have balconies with sea views.

The extensive Ground Floor accommodation providing Residents Lounge, Bar & Restaurant/Dining Room, offers a wealth of opportunity to new purchasers who wish to develop the Restaurant and Function Trade.

We understand that the current Turnover is just below the VAT threshold, although full detailed Accounts will be made available to interested applicants following a viewing of the property.

Property information

Property:

Freehold

Living accommodation:

Owners Accommodation: 2 Double Bedrooms • Lounge • Rear Courtyard

Location:

The three coastal resorts of Torquay, Paignton and Brixham together form the Borough of Torbay, with Paignton the geographical centre. Torbay has prospered and developed into a famous international holiday resort while still retaining its popularity as a select residential and retirement area offering a sophisticated selection of recreational and sporting facilities with Paignton being particularly noted for its long sea front with wide Green, safe sandy beaches, central pier, and picturesque Harbour.

There are some 500 berth Marinas in both Torquay and Brixham, championship golf courses at Petitor, Churston and Stover, all within easy reach by car, and some of the finest sailing, boating and fishing facilities are available all in Torbay and all along this South Devon coast. Paignton is linked to London by a daily inter-city rail service (3½ hours) and from Exeter (21 miles) the M5 gives access to Bristol and the Midlands with a connection at Bristol to the M4 to London. Air services are available at Exeter and Plymouth (30 miles), where there is a cross-channel ferry service to Roscoff and Santander.

Premises details:

Accommodation: 10 Letting Bedrooms (4 with Balconies & Sea Views) • Restaurant with Sea Views • Licensed Bar • Guest Lounge with Conservatory • Kitchen • Parking • Owners Accommodation: 2 Double Bedrooms • Lounge • Rear Courtyard

Business Operation

Reasons for selling:

Retirement