Asking price: £645,000

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: £45,000

Stock value: Undisclosed

Business description
A coveted 5 Star guest accommodation with Silver award for the discerning buyer. Totally and sympathetically renovated and refurbished over the past few years. This beautiful Edwardian property comes highly recommended by our regular guests from overseas and the UK. A very popular stopover for our commercial visitors. The Lodge has large rooms, some with balcony's and incredible sea views of the bay.

Years established: 75 years

Employees: 2 owners only

Property: Freehold

Living accomodation
Present personal accommodation consists of a lounge and two ensuite double bedrooms, on the top floor with superb views also a single ensuite bedroom on the second floor. Again, for personal use we also have a large lounge/bedroom, a new bathroom ,conservatory and a large office on the ground floor. This ground floor apartment is suitable for a high quality self catering letting apartment for 4 persons. One large lounge/bedroom, new bathroom suite, Large bedroom used at present as an office.

Location
Located close to the harbour and beaches of Paignton and Goodrington in a quiet and select area of Roundham. A few minutes walk to Paignton town and the main line train station with direct access to London and the North without changing. Bus station with direct access to London and the Airports. Torbay is a very popular tourist trap with all amenities and attractions within a half hours drive of the Lodge. The business is set in the right place for an upmarket guest accommodation and quoting an agent is a 'one off'.

Expansion potential
Here is a great opportunity for a new owner to increase turnover by a 100% plus or minus utilising all the letting rooms. The preferred choice of lifestyle enables the present owners to live comfortably in a superb house with an income. For those already with an income or perhaps wanting a superb property with character to install their own alternative business such as I.T. or Antiques or works of Art then this is the property for them. The alternative business can easily run side by side with the existing Guest accommodation. Only a small investment would be required to put the rooms back to their original letting capabilities. A summary of accommodation. Up to 9 letting ensuite rooms. Option to let 1/2 bed quality holiday apartment.

Competition / Market
In Torbay there are about 700 hotels and guest houses of all ratings to attract visitors but there only five or six '5 Star' rated guest houses.The Roundham Lodge is situated in a superb position in a select and quiet area of Roundham catering for the needs of the commercial, overseas business and domestic tourism which ensures an extra flow of guests throughout the whole year. (For more descriptive details please request documents.)

Support & training
Assistance offered.

Reasons for selling
At 75 I think we have both done our bit.

Related website: www.roundham-lodge.co.uk