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Highly Restored Victorian Exmoor Guest House For Sale
(Ref: 725)
Lynmouth, Devon, United Kingdom
Financials
Asking price: £695,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
7 year ongoing reinvestment offered to the market as a building providing 5 Star AA luxury accommodation
Great attention to detail, customer comfort by way of design, decoration & soft furnishings
Currently run by a mother & daughter / family partnership
Predominately B&B trade only, although evening meals are offered out of season as an option
Immediate growth potential from providing all year round evening meal / external restaurant facilities, potential to reintroduce further bedrooms, currently utilised by the partnership, who occupy the entire second floor
An important Victorian building within an elevated location offered to the market having been subject to comprehensive refurbishment works
Self contained 3 bedroomed accommodation for owners at second floor level with river views
6 individual themed letting bedrooms at first floor level
Guests sitting room linking with snug bar lounge & feature entrance hall & restaurant / dining area, extensive back-up facilities
Home based: This business can be run from home.
Property: Freehold
Location
Lynton and Lynmouth have a static population of 1,658, but benefit from the considerable holiday trade in the area. The regional centre of Barnstaple is approximately 20 miles. Access to the M5 via Junction 27 at Tiverton is approx. 30 miles distant.
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