Four Star Guest House And Restaurant In Lifton For Sale

Business description

Preferred Commercial is pleased to offer for sale this 5-bedroom guest house and restaurant, which was established by our clients in 1997 and which is only now being offered to the market due to our clients' wish to retire. The business has traded 40 weeks a year and generates a turnover in the region of £82,000 per annum with a gross profit of 73.17%. Tinhay Mill Guest House offers 5 guest bedrooms on a bed and breakfast basis and high quality evening meals. The premises are licenced to serve alcohol to residents and restaurant patrons. We feel the turnover could be further increased by embarking on a modest marketing campaign and open the guest house all year round. The guest house has an enviable reputation and has been awarded a 4 star rating from the AA. There is a website in place advertising the business and with online booking facilities. The property has recently been refurbished and is finished to the highest standard throughout. The premises also boast spacious 1-bedroom owners' accommodation and an unused single bedroom, which could be utilised for further letting accommodation. This is an ideal opportunity to acquire an already busy guest house with an excellent reputation and huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Location:

Tinhay Mill Guest House occupies substantial detached 2-storey premises, ideally located in a prominent trading position on the main road running through the rural village of Tinhay in Devon. The premises benefit from ample enclosed private parking and surrounded by picturesque countryside. The area is affluent and a sought-after place to live, with a variety of complementary shops, businesses and amenities in the vicinity. There are a number of bus stops in the village allowing easy access to the surrounding towns. The premises boast easy access to the A-road network, including the A30 which lies 1½ miles away and connects Exeter to St Ives. Dartmoor National Park and the Eden Project are both just a short drive away, making the village an ideal base for tourists wishing to explore the area. Tavistock lies approximately 10 miles away, while Plymouth lies approximately 25 miles to the south.

Premises details:

stantial detached south facing 2-storey guest house premises with restaurant and bar. The site covers an area of 13,120 sq ft, walled on all sides with vehicle and pedestrian gated entrances facing the road through the village. Briefly comprising:

Ground Floor
• Lobby (decorated Nov 2011)
• Hallway (decorated Nov 2011)
• Office with feature fireplace (decorated Jan 2012)
• Room 5: double bedroom with en-suite bathroom (260 sq ft)
• Bar/lounge area with wooden bar servery, 2 under counter refrigerators, coffee machine and electronic cash registers. Feature fireplace with wood burning stove. (decorated Dec 2011)
• Dining room with feature fireplace and tables and chairs for up to 22 covers
• Second dining room with tables and chairs for up to 8 covers
• Lobby leading to kitchen, WC, store and owners' suite
• Commercial kitchen with 3 x stainless steel work surfaces, 6-burner hob and oven, 3-phase combi oven, 3 x sink units, 3 x commercial refrigerators and 1 x freezer
• Lobby leading to WC with wash hand basin
• Lobby leading to staircase to owners' suite
• Lobby leading to laundry and linen store


First Floor (2,250 Sq Ft)
• Room 1: double bedroom with en-suite bathroom (190 sq ft) (decorated 2009)
• Room 2: twin bedroom with en-suite bathroom (156 sq ft) (decorated 2010)
• Room 3: double bedroom with en-suite bathroom (220 sq ft) (decorated 2010)
• Room 4: double bedroom with en-suite bathroom (240 sq ft) (decorated 2012)
• Single bedroom, currently not used (50 sq ft)

• Owners' suite with large en-suite bathroom and lounge area (465 sq ft) with balcony overlooking the south facing garden. Built in 2008 in use by owners for 2 years from 2009.

External
• Parking bays for 10 vehicles plus extra space for additional vehicles
• Garage and store
• Rustic paved licenced patio (250 sq ft)
• Gardens to front and rear of premises with a decked area at the rear. Both gardens have mature plantings of shrubs and trees.

Points Of Interest
• New garage/store built 2009 (500 sq ft)
• New LPG pipes from underground 2000 litre tanks to premises in 2009
• New 3-phase electricity supply underground - installed 2009
• New water supply from meter to premises - 2010
• Entrance and car park re-tarmaced (5500 sq ft) - 2010
• New LPG central heating/water heating boiler installed Sep 2011
• New fire alarm systen installed Jan 2012
• New emergency lighting system installed Jan 2012
• New English Oak staircase built, installed and carpeted - Jan 2012
• Building electrical circuits tested Sep 2008

Business Operation

Trading hours:

40 weeks a year