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Main Road Semi Detached Licensed Guest House For Sale

Ilfracombe, Devon, UK
Asking Price:
£480,000
Sales Revenue:
£50K - £100K
Cash Flow:
Available on request

Strathmore is a long established semi-detached guesthouse offering spacious accommodation with many rooms having high ceilings and light and airway accommodation throughout.

The property benefits from gas fired radiator central heating (brand new boiler installed in 2020) and there are 8 en-suite letting bedrooms and 2 en-suite private owners’ bedrooms.

The ground floor provides a spacious reception hallway with attractive quarry tiled flooring, a private lounge, guest's dining room, guest bar/lounge, private bedroom and well-equipped kitchen facilities. There is also a cloakroom off the main entrance porch.

The upper floors provide a total of 9 bedrooms, eight of which are used as letting rooms and the business will be offered comprehensively furnished and equipped as a going concern.

The business has been operated by the proprietor for the last 17 years.

We understand the trade provides a turnover of approximately £56,000 per annum operating as a guesthouse serving bed and breakfast only.

The tariff ranges from £47 per single room per night to £95 for a family room.

The business opens all year round.

Property Information

Property:

Freehold

Living Accommodation:

With 8 letting bedrooms plus 2 private en-suite bedrooms.

Location:

In a busy tourist trading location set back from the main approach road into the resort of Ilfracombe historically known as the golden mile, due to demand of trade this location attracts.

The resort is recognized as the leading tourist resort of North Devon having a population in excess of 11,000 inhabitants and boosted by the influx of tourists.

This guesthouse is within approximately 1 mile of the seafront and is close to St. Brannocks Park and leisure gardens.

Ilfracombe has benefited from inward investment over recent years including a Tesco supermarket, Lidls supermarket and the resort is famous as a centre for Damien Hirst who has recently given on loan for a period of 20 years, a large statue located on the pier named ’Verity’.

Energy Performance Rating:
C

Contact Webbers Commercial

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