|  | Large Coastal Hotel With Holiday Apartments In Cornwall | | Looe Cornwall | | Substantial Hotel & Restaurant Looe, Cornwall T/O: £276,000 GP: 67% 11 en-suite letting rooms 4 self-contained apartments Restaurant and bar Ideally located, stunning views 3-bed owners' accommodation Same owners 34 years | | | | BUSINESS FOR SALE ADVERT NUMBER: 58939 | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels for Sale | | SALE: | Agent Sale | FREEHOLD: | £1,200,000 | | | | | | | | | | | | | Business Detailed Information | | | Location
The Rivercroft Hotel occupies an elevated position on Station Road, the main road into the resort of Looe in Cornwall. The substantial premises are surrounded by guest houses and other complementary businesses and overlooks the picturesque harbour. Looe is a popular tourist destination all year round and boasts stunning scenery and a wide sandy beach. The town is easily accessed via the A387 and boasting a railway station just a short walk from the hotel. Looe lies approximately 20 miles west of Plymouth and 7 miles south of Liskeard. Popular attractions such as The Eden Project and The Lost Gardens of Heligan are just a short drive away.
Business History
Preferred Commercial is delighted to offer for sale this popular 11 en-suite bedroom hotel with 4 3-star self-catering apartments, which was established in 1955 and which has been in our clients' careful hands since 1977. The hotel is only now being placed on the market due to our clients' wish to retire. The hotel also boasts a busy bar, which is popular with guests and locals alike and generates a turnover in the region of £276,000 per annum with a gross profit of 67%. The hotel has been maintained to a very high standard throughout and is finished with stylish, contemporary furnishings to all guest rooms and public areas. The hotel also boasts 3-bedroom self-contained owners' accommodation. The business has gained an enviable reputation with much repeat custom and is popular all year round. We feel this is a unique opportunity to acquire a thriving, quality hotel in such a delightful location. Internal viewing is a must to fully appreciate this business. Early discussions with Preferred Commercial comes highly recommended.
Financial Details
T/O: £276,000 approx.
GP: 67%
Opening Hours
All year round
Accommodation Details
Substantial hotel premises in a prominent elevated position, offering 11 en-suite letting rooms, 4 self-catering apartments, bar and restaurant. Briefly comprising:
Ground Floor
• Entrance lobby with reception counter
• Ladies and gents WCs
• Bar with tables and seating for 60, bar servery with 9 points of dispense and 3 display chillers, optics display, glass washer and electronic cash register, views over the Looe Estuary
• Dining room with feature fireplace and tables and chairs offering 50 covers
• Well-equipped commercial kitchen with 6-burner hob, gas fryer, electric fryer, ovens, extraction system, preparation area, washing up area, walk-in freezer and refrigerators
• Laundry room with 2 x commercial washing machines, 2 x commercial dryers and press
First Floor
• Self-catering Apartment 1: Kitchen, lounge with double sofa bed, double bedroom, balcony and bathroom with bath with shower over, WC and wash basin
• Self-catering Apartment 2: Kitchen, lounge with double sofa bed, twin bedroom, balcony and bathroom with bath with shower over, WC and wash basin
• Guests' laundry room with washing machines, tumble dryers and ironing equipment
• Room 1: Double with en-suite shower room
• Room 2: Double with en-suite shower room
• Room 3: Double and single with en-suite shower room
• Room 4: Double with en-suite shower room
• Room 5: Single with en-suite shower room
Second Floor
• Self-catering Apartment 3: Kitchen/diner/lounge with double sofa bed, double bedroom and bathroom with bath with shower over, WC and wash basin
• Self-catering Apartment 4: Kitchen/diner/lounge with double sofa bed, double bedroom and bathroom with bath with shower over, WC and wash basin
• Room 6: Double with en-suite shower room
• Room 7: Double with en-suite shower room
• Room 8: Double with en-suite shower room
• Room 9: Twin with en-suite shower room
• Room 10: Triple with en-suite shower room
• Room 11: Triple with en-suite shower room
• Fully tiled shower/wet room for use by guests
Owners' Accommodation
• Ground floor galley kitchen
• Ground floor lounge/diner, spacious room with views over the estuary
• First floor master bedroom with terrace overlooking the estuary
• First floor family bathroom with bath, shower over, WC and wash basin
• Second floor double bedroom with dormer window
• Second floor double bedroom with dormer window
• Second floor shower room with WC and wash basin
External
• Garage at street level with workshop area above
• Terraced garden to rear with greenhouse, shed and poly-tunnel growing vegetables for the kitchen
• Terraces to front with seating for guests
Tenure
Advised freehold
| | | | | | | | | | | | FOR SALE | | | | | REFERENCE: | 2196 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
