Substantial Guest House in Sought-After Sidmouth Devon For Sale with Development Potential
Sidmouth, Devon
- Status
FOR SALE
- Date Submitted:
18/07/23
- Advert ID
516813
- Reference
H035368N / Rightbiz
- Call Agent:
- Freehold: £795,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
GUEST HOUSE
Substantial GUEST HOUSE, sought after EAST DEVON coast, situated within desirable SIDMOUTH where properties are always in demand. In essence, 2 adjoining properties, very versatile, offering numerous options to new owners, multigenerational living, home with an income from the letting of one property, other holiday letting to include whole house or room only, could also provide a residential investment and/or development opportunity.
Presented to a very high standard, the subject of considerable and ongoing investment over the years. Within close proximity of town centre and leisure facilities, short walk from seafront/esplanade/beaches, ensuring it remains a popular choice for visitors/holidaymakers to the area and a highly sought after residential area.
A very deceptive property, currently configured to provide main guest house and adjoining self-contained owner's house, the guest house offering 6 letting rooms, guest lounge, dining room and kitchen. The owner's house providing 3 bedrooms, sitting room, luxury shower/bathroom, study, cloakroom, and kitchen (currently used as utility room). Benefiting from car parking, sufficient space for 8 cars, considered lucrative and valuable, also benefiting from gardens.
Established popular business, top 5* reviews received, enjoying a great deal of repeat trade, typically operating on a seasonal basis, March through to October, offering Bed & Breakfast only. Purposefully trading up to the VAT threshold. All bookings direct, advertising portals not used, offering numerous opportunities for new owners.
Freehold Offers In Excess of £795,000 sav Ref: H035368N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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