Spectacular Period Hotel In Ilfracombe Devon For Sale

Business description

We are delighted to offer for sale this popular hotel, which was established in 1880 and which has been in our client's careful hands since 1973. The hotel boasts 64 letting bedrooms catering for a total of 140 guests, and generates a turnover in the region of £700,000 per annum with a gross profit of 64%. The Grosvenor Hotel offers breakfast and evening meals and entertainment every night of the week. The hotel caters for everyone from independent travellers to coach parties and also holds functions and themed breaks. The hotel has a large number of loyal return visitors and a dedicated team of staff. Our clients operate a rolling programme of refurbishment, with approximately half of the rooms now at 3 star deluxe standard. There is also a luxury 3-bedroom owners' town house along with a 2-bedroom manager's flat. We are advised that planning permission is in place to add a 120 person function room and 12 further bedrooms. We feel this represents an ideal opportunity to acquire one of Ilfracombe's largest hotels. Early discussions, with us must come highly recommended.

Property information

Property:

Freehold

Location:

The Grosvenor Hotel occupies a prominent trading location close to the centre of Ilfracombe in Devon. The hotel is ideally located for all the resort's amenities and attractions. Ilfracombe is a popular tourist resort and an ideal base from which to visit North Devon. The town grew up around its natural harbour and is steeped in maritime history. Seasonal ferries run to the famous Lundy Island, approximately 12 miles off the coast. Barnstaple lies approximately 11 miles to the south.

Premises details:

Substantial period property situated in the heart of the popular resort of Ilfracombe. Briefly comprising:

Ground Floor
• Entrance lobby and reception area with reception desk. Lift and stairs to upper levels
• Office
• Guests' lounge furnished with chairs and occasional tables
• Large lounge bar with tables and chairs, large wood dance floor, stage area, stereo system, recently refurbished bar servery with 6 points of dispense,triple beer bottle chiller, double wine chiller, glass washer, double sink and coffee machine
• Ladies & gents WCs
• Dining room with tables and chairs for 120 covers
• Small function room, situated off dining room, for approximately 25 persons
• Well-equipped commercial kitchen with double refrigerator, 3 x single refrigerators, pass-through dishwasher, toaster, coffee percolator, water boiler, Bain Marie, 6-burner hob and oven, grill, 2 x large plate warmers, double gas fryer, 4-burner hob and oven, griddle, combi-oven, mixer, meat slicer, double sink unit and wash up area, 3 x preparation tables, 5 x chest freezers and potato peeler
• Manager's apartment comprising lounge, kitchen, bathroom, double bedroom and single bedroom
• Store room
• Boiler room
• Cellar

Guest Accommodation
• 1 x family room with double and 2 x single beds and en-suite facilities
• 7 x family rooms with double and single beds and en-suite facilities
• 7 x deluxe family rooms with double and single beds and en-suite facilities
• 10 x twin rooms with double and single beds and en-suite facilities
• 2 x deluxe twin rooms with double and single beds and en-suite facilities
• 18 x double rooms with double and single beds and en-suite facilities
• 4 x deluxe double rooms with double and single beds and en-suite facilities
• 1 x superior deluxe Honeymoon Suite with double and single beds and en-suite facilities
• 13 x single rooms with double and single beds and en-suite facilities
• 1 x deluxe single room with double and single beds and en-suite facilities

External
• Off street parking for 6 cars in a compound opposite the hotel

Owners' House
Edwardian town house with many original features, briefly comprising:
• Large kitchen with a range of fitted units
• Utility room
• Large lounge/diner with marble fireplace and bay window
• Conservatory with seating and a concealed bar servery
• Large double bedroom with en-suite bathroom
• Large double bedroom with en-suite shower room
• Large double bedroom with en-suite bathroom, bay window and feature fireplace
• Double garage and off street parking for 2 vehicles

Business Operation

Trading hours:

February - December