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10 Bedroom Guest House In Plymouth Hoe For Sale

Plymouth, Devon
Freehold Price:
Advert ID
2105 / Rightbiz

Established 10 Bedroom Guest house For Sale In The Plymouth Hoe Area
Freehold Grade II Listed Victorian Town House
All Rooms Are En-Suite
Ref 2105

The Ashgrove House B&B is located within a prime trading position close to the famous Plymouth Hoe promenade which lies in the heart of the City of Plymouth on the beautiful South Devon coast line. Plymouth is a port city known for its maritime heritage and historic Barbican district with narrow, cobbled streets. 
Plymouth is the largest City in Devon and enjoys all year round trade with easy access via the A38/M5 and mainline railway station .

Business information
Asking Price: £459,950
Turnover: £75,000

Business Description
Veritas Business Sales are delighted to offer for sale this respected 10 Bedroom Guest House which is located in the desirable of Town of Plymouth. The business has been established for over 50 years and has been in the careful hands of my client for the last 13 ½ years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Ashgrove House is owner operated and employs the help of 1 part time chamber maid and has an annual turnover of £75,000. Room tariffs range from single room £45, double room £70, twin room £75, family room £85 for 3 people & £90 for 4 people. All prices are per room per night on B & B basis and include en-suit facilities, central heating, colour TVs and complimentary tea & coffee making facilities. Our client runs the business at a gentle pace to suit herself and chooses to trade below the VAT threshold. We believe that there is huge potential to increase trade should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground Floor
Entrance porch
Reception hallway with guest book
Guest lounge
Breakfast room with seating for (18)
W/C with hand wash basin
Laundry room with washing machine x 2 (Beko) & (Hoover)
Kitchen with double sink drainer, 8 burner gas hob/oven (Belling), extraction unit, wall 7 base units, microwave (Kenwood), fridge (Gram) and dishwasher (Beko)
Office with desk, fridge (Future), Dryer 7KG (Beko) and Dryer 8KG (Candy)

Basement Owners accommodation
Master bedroom with fitted wardrobes and corner bath en-suite
Kitchen with 4 burner gas hob/oven (Hotpoint), and back door to court yard

First floor
Room 1 Double with shower en-suite
Room 2 Family room with shower en-suite
Room 3 Double room with shower en-suite
Room 4 Twin with shower en-suite
Hot water tank cupboard
Linen stores

Second floor
Room 5 Family room with shower en-suite
Room 6 Single room with shower en-suite
Room 7 Family room with shower en-suite

Third floor
Room 8 Family room with shower en-suite
Room 9 Family room with shower en-suite
Room 10 Double with shower en-suite

Rear courtyard garden with stairs leading down to basement courtyard
Boiler room

EPC Rating D

Fixtures, Fittings and Effects
Normal fixture and fittings associated with this type of property are included in the sale and a detailed inventory of these will be supplied prior to exchange.

Viewings are to be arranged strictly by prior arrangement through our offices

Listing Details
Freehold Price: £459,950
Tenure: Freehold
Location: Plymouth, Devon
Sector: Hotels, Bed And Breakfast, Commercial Properties
Annual Turnover: £75,000
Annual Net Profit: Available upon request
Key Features
  • Retirement Sale
  • Unique Business
  • With Accommodation
  • Close to Local Amenities
  • Town Centre location
  • Attractive Business
  • Established Business
  • Price Reduced
  • Accounts Available
  • Fully Fitted
  • Prime Location
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 2105 / Rightbiz

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