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Newly Refurbished Hotel In Fabulous Coastal Location For Sale

Paignton, Devon, UK
Asking Price:
£625,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Twenty9 has recently been refurbished to a high standard with contemporary fixtures and fittings, creating a spacious and relaxed atmosphere. The 22 en-suite bedroom hotel has been equipped to accommodate foreign students and provides communal self-catering facilities. The hotel successfully traded the 2021 summer season, open to the general public providing breakfast on request. During the hotel’s refurbishment a new central heating boiler was installed together with an L2 fire alarm, new lighting system and CCTV. Broadband WiFi has also been connected to all floors. There is a lift to all floors however the current owners chose to decommission this. The next owners could very easily reinstate this service.

Property Information

Property:

Freehold

Location:

Twenty9 enjoys a ‘triple A’ location fronting Paignton Green with the Beach and Esplanade behind. The property is perfectly situated as a hotel, being only a few minutes walk from both Paignton and Preston beaches, as well as Torbay Road, leading to Paignton town centre with both railway and bus stations.

Paignton is situated in Torbay, fondly referred to as the 'English Riviera', South Devon's beautiful bay surrounded by scenic countryside and stunning coastline, combining the resort towns of Torquay, Paignton and Brixham. The area is well serviced by the South Devon link road (the A380), connecting Torbay to Exeter and the M5 motorway network. Torbay is also connected via a railway network to Exeter and beyond.

Premises Details:

The premises comprises:-

MAIN ENTRANCE
To the front of the building via a PRETTY COURTYARD GARDEN with guest seating area and access ramp.

ENTRANCE HALL
(Lift to all floors currently decommissioned).

DISABLED WC

GUEST LOUNGE AND BAR
With modern décor, carpeted throughout, feature wall, large bay window with exit to the side car parking area, seating area with large Flat screen TV, modern sofas and coffee tables. Bar Area with further ‘relaxed’ seating with views to the front.

STAFF OFFICE

GUEST DINING ROOM
With tables and chairs for circa 26. Fire exit.

COMMERCIAL KITCHEN
Large working space with non-slip flooring and wipe clean uPVC wall cladding. Currently equipped for self-catering. However, the equipment is generally of a commercial standard and could very easily be reinstated to an owner operator kitchen. The equipment includes; large commercial fridge, commercial dishwasher, tea & coffee preparation area with hot cupboard, hot water boiler, (on contract from Thirsty Works), 3 domestic 4 ring electric hob with grill and oven under, commercial extraction system and range of stainless steel prep tables.

FREEZER ROOM
With commercial freezers.

BOILER ROOM

PRIVATE LAUNDERY ROOM
Service entrance leading to the rear of the premises.

GUEST ROOMS
Most of the guest rooms have been refurbished to a high standard. All rooms have en-suite shower rooms, flat screen TVs, kettles, USB plugs and hairdryers. There are linen cupboards located on each floor.

GROUND FLOOR

2 ROOM SUITE
Comprising double room with en-suite wet room and WC, with lounge/single room attached. This room can be accessed via the side of the property. This has potential to be owners’ accommodation and/or disabled guest accommodation. Stairs to:-

FIRST FLOOR

ROOM 1
Single.

ROOM 2
Double.

ROOM 3
Double.

ROOM 4
Double.

ROOM 5
Twin.

ROOM 6
Superior double, with large front facing balcony providing sea views.

ROOM 8
Twin.

ROOM 9
Superior double, with balcony and sea views.

ROOM 10
Superior double, with balcony and sea views.

ROOM 11
Single, with balcony and sea views.

SECOND FLOOR
ROOM 12
Twin.

ROOM 14
King (used for staff accommodation).

ROOM 16
Triple family, with sea views. Comprising double and single beds.

ROOM 17
Double, with sea views.

ROOM 18
Twin, with sea views.

ROOM 19
Twin.

ROOM 20
Double.

ROOM 21
Double.

ROOM 22
Double.

ROOM 23
Single.

ROOM 24
King Size with full bathroom suite. Utilised as staff accommodation. (Ground Floor).

Rooms 14,16 and 17 could be combined to provide large owners accommodation.

CAR PARK
To the side of the premises providing 7 spaces and refuse and storage area.

GENERAL INFORMATION

BUSINESS
Twenty9 Hotel has operated as foreign student accommodation for the last 2 years, also trading as a hotel for the 2021 summer season. Whilst operating as a hotel it traded on a room only basis, breakfast was an additional option. The sale of this substantial and newly refurbished premises provides a fantastic opportunity for the next owner to grow the business and reach its untapped potential.

SERVICES
The premises is connected to all main services.

RATEABLE VALUE
2017 List: £21,250. Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner’s personal effects.

Energy Performance Rating:
D

Other Information

Related Documents:

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