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Spacious Detached Licensed Hotel

Undisclosed Devon
Outstanding position overlookingb bay, SOUTH DEVON
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 63385
ADVERT IMPRESSIONS : 31,678 TIME(S)

 
BUSINESS SECTOR: Hotels / Pubs / Accom
TRADE TYPE: Hotels
SALE: Agent Sale

LEASEHOLD:

£50000
 

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BUSINESS DETAILS:

Features : Outstanding opportunity to acquire a spacious Hotel in this outstanding position approximately 1½ miles from Hope Cove, 4 miles from Kingsbridge and 3½ from Salcombe, South Devon.

At present not utilised as a Hotel, however, in our opinion offering tremendous potential for development in the right hands.

Car Park for approximately 20 cars

We understand the premises have a Full On Licence

ENTRANCE to SPACIOUS LOUNGE fully fitted including 2 ovens, upright fridge, upright deep freeze, washing machine, dishwasher.

Large Breakfast Room seating 12/15 persons

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

3 Large family bedrooms, 2 with en suite shower room with shower, w.c. and wash hand basin whilst the 3rd bedroom has an en suite bathroom with bath, shower over bath, w.c. and wash hand basin

First Floor

1 Double bedroom with en suite shower room with shower, w.c. and wash hand basin
1 Additional bedroom with at present 2 bunk beds, en suite shower room with shower, w.c. and wash hand basin
1 Family bedroom with double plus 1 single bed, en suite shower room with shower, w.c. and wash hand basin
1 Family bedroom with 2 double beds, 1 single bed, en suite bathroom with bath, shower, over bath, w.c. and wash hand basin
1 Family bedroom with1 double and 1 single bed, en suite bathroom with bath, shower over bath, w.c. and wash hand basin
1 Additional family bedroom with 1 double plus 1 bunk bed, en suite shower room with shower, w.c. and wash hand basin

Second Floor
2 Additional family bedrooms each with 1 double bed plus 2 single beds and each with en suite shower room with shower, w.c. and wash hand basin

All the bedrooms are fully carpeted and fully furnished

Location : Outstanding position overlookingb bay, SOUTH DEVON

Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 24 years full repairing and insuring lease at a rental of £52,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (It should be noted the vendor is also prepared to grant a shorter lease with a minimum period of 12 years).

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price : PREMIUM REQUIRED FOR THE NEW LEASE, FIXTURES, FITTINGS & FURNISHINGS £50,000 subject to contract
Loan possible to an approved applicant

Outside : Large area with decking and hot tub.

Parking for approximately 20 cars.

   
  FOR SALE
   

REFERENCE:

H7807 / RightBiz
   
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