Scroll To Top

28 Bedroom Hotel Located On Cornwall's North Coast

Undisclosed, Cornwall
Freehold Price:
£1,399,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
202956
Reference
2138 / Rightbiz

Details

 

Freehold 28 Bedroom Hotel On Cornwalls North Coast For Sale

Heated Outdoor Swimming Pool

Ref 2138  

 

Location

This outstanding and well respected 28 bedroom Hotel is situated on one of the main through roads on Cornwall's North coast. 

 

Business information

Asking Price: £1,399,000 plus SAV

Turnover: on application 

GP: (78.9%)

Stock: £2,000

Business Rates: 

Hotel £13,329.36

Annex £1,392.59

 

Business Description

Veritas Business Sales are delighted to offer for sale this established 28 bedroom hotel located on Cornwall's North coast. The business was established by my clients 38 years ago and has been in the careful hands ever since. Reluctantly they are now offering the business for sale so that they can enjoy a well deserved retirement.                                                                                      Since ownership they have continually invested in new equipment along with 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. Priory Lodge is owner operated and employs the help of 3 full time and 7 part time members of staff. The Hotel stands in half an acre of its own grounds and has 26 en-suite bedrooms and 2 single rooms with shared bathroom facilities. Many of the rooms enjoy stunning sea views and benefit from gas central heating, colour TVs, Wi-Fi and complementary tea & coffee making facilities. Room tariffs range from £70.00 to £95.00 for a double room per night on a B & B basis. The hotel also benefits from a large outdoor heated swimming pool with generous patio and lawns allowing the guests plenty of space to relax                                                        We believe that there is further potential to increase trade as the current owners choose to close on the 10th December and do not re-open until 30th March. Should any new purchaser wish to increase turnover and open all year round there is definitely lucrative trade to be had in that period. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established 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
Reception with reception desk, settee, various pictures and stairway leading to the first floor.                                                           Lounge 1 (2.8m x 4.3m) comprising: 2 settees, coffee table, various pictures, built in fire place, TV and views over the harbour.          Lounge 2 (2.8m x 5.3m) with 2 settees, coffee table and various pictures.                                                                                          Dining Room (7.8m x 22.37m) comprising: stunning oak tables and chairs with seating for 70. Various pictures and side tables, dumbwaiter and carvery unit.                                                                                                                                                                Bar comprising: various tables and chairs,  settees, various pictures, fully stocked bar, under counter drinks fridge and glass washer.                                                                                                                                                                                          Entertainment Room comprising: various tables and chairs, dance floor, table tennis table and various settees.                                   Kitchen comprising: 2 x six burner ranges, double commercial sink with drainer, salamander grill, 2 x stainless steel tables, extractor unit, heat lamp/strip warmer, bain-marie unit, microwave (Caterlite), microwave (Delonghi), mixer (Kitchen Aid), white upright fridge, double fryer (Blue Seal), hot plate (Parry), single fryer (Parry), upright fridge (Polar) and stainless steel upright freezer.                       Back Kitchen/Prep Room comprising: dishwasher with pass thru and under counter detergent system, sink drainer, stainless shelving unit (Bartlett), hot water unit (Burco), 2 stainless steel tables, soup kettle and various shelves.                                               Laundry Room with 2 washing machines and (2 dryers on lease)                                                                                                    Store Room comprising: various kitchen units, upright fridge (Kings), upright freezer, upright freezer (Polar), toaster (Delonghi), commercial toaster (Dualit), under counter fridge (Beko), rumbler (IMC), chipper (TRS) and coffee machine (Kenco).

First floor
2 single bedrooms with separate bathroom                                                                                                                                            4 double bedrooms en-suite                                                                                                                                                                    5 treble bedrooms en-suite                                                                                                                                                                      1 family bedroom en-suite


Second floor
6 double bedrooms en-suite                       
1 treble bedroom en-suite  

Lower Ground
Double bedroom en-suite                                                                                                                                                                      Family bedroom en-suite
Annex 
5 family bedrooms en-suite
1 treble bedroom en-suite

External
Parking for 30 cars or numerous coaches

Large heated swimming pool with various sun loungers

Patio and lawned area with views over the beaches
and harbour.


Owners Accommodation 

Lounge

Dining room

Bathroom

Kitchen

Double bedroom

 

 

 

 



   

 

 

 

 

                                                                                                                                                 

 

 

 

Listing Details
Freehold Price: £1,399,000
Tenure: Freehold
Sector: Development Sites, Hotels, Bed And Breakfast
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Prime Location
  • Trade Gardens Available
  • Attractive Business
  • Established Business
  • Town Centre location
  • Close to Local Amenities
  • Unique Business
  • Accounts Available
  • Fully Fitted
  • Potential for Alternative Use
  • With Car Park
  • Retirement Sale
Listing Statistics
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.

Related Businesses for Sale

Restaurants
Holiday Businesses
Veritas Business Sales Ltd
Holiday cottage /sleeps 18
Makeney, Derbyshire
Disclaimer
The data showed regarding this advert '28 Bedroom Hotel Located On Cornwall's North Coast - 2138 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.