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8 Bedroom Licensed HMO with Owner's Accommodation in Paignton Devon Up for Sale

Paignton, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    15/01/24

  • Advert ID

    605063

  • Reference

    SeahavenHMO / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £340,000
  • Turnover: On request
  • Net Profit: On request

Business Details

An 8 Bedroom licensed HMO for sale

Seahaven is a wonderfully located, spacious 8-bedroom licensed HMO/Guest House with substantial ground floor 2-bedroom owner's accommodation and a pretty garden to the front. It also features a workshop/shed to the rear. Currently, it operates successfully as an HMO but could easily be reinstated as a guest house. The property is situated only a stone's throw from the beach and within easy walking distance to the town and all amenities. Early viewings are highly recommended.

LOCATION

Ideally situated just off the main seafront at Paignton, Seahaven provides level access to the beach, pier, harbour, multiplex cinema, and town centre. It is strategically located near the seafront, taking advantage of tourists arriving in Paignton. Additionally, it benefits from its proximity to the large town centre car park.

BUSINESS

Seahaven has been successfully owner-operated for a number of years and has earned a fine reputation with visitors and locals alike. The business enjoys good repeat custom and is deceptively spacious with 8 letting bedrooms, although it currently trades with only 6 due to lifestyle choices and family commitments. We, the agents, believe there is great scope to expand the existing turnover by incorporating additional third-party booking agents and opening year-round, utilising all the letting bedrooms. Actual trading figures will be made available following a successful formal viewing.

ACCOMMODATION

Entrance over the pretty front garden through a UPVC part glazed door into:

VESTIBULE

Featuring a high and decorative ceiling with tourist advertising pamphlets on the wall. It leads to a stained-glass UPVC door into:

HALLWAY

With a turning staircase to the upper floors and doors to:

OFFICE

3.65m x 2.88m

Includes a built-in cupboard housing the gas central heating system, a separate cupboard housing the newly installed water boiler system, a large table with 4 chairs, an office desk, and a chair.

KITCHEN

4.24m x 3.16m

Offers an array of wall and base fitted units with a 4-ring gas cooker and oven, large gas grill, commercial dishwasher, electric plate warmer, 1 ½ stainless steel sink and drainer, upright fridge, toaster, water boiler, and various electrical kitchen equipment.

PANTRY

Houses a washing machine and tumble dryer.

Staircase to:

FIRST FLOOR

BEDROOM 1

A double room with a standard double bed. The en-suite comprises of a shower, low-level WC, and wash hand basin. The bedroom has a window to the side of the property.

BATHROOM (private usage)

Includes a hydro bath with a shower over, a WC, and a wash hand basin.

CLOAKROOM

With a low-level WC and wash hand basin.

BEDROOM 2

A single room with a standard single bed. The en-suite comprises of a shower, low-level WC, and wash hand basin. The bedroom has a window to the rear of the property.

BEDROOM 3

A twin room with two standard single beds. The bedroom has a wash hand basin and a window to the rear of the property. (Shower room on the second floor)

BEDROOM 4

A double room with a standard double bed. The en-suite comprises of a shower, low-level WC, and wash hand basin. The bedroom has a bay window to the front of the property.

BEDROOM 5

A single room with a standard single bed and a wash hand basin. The window is to the front of the building. (Shower room on the 2nd floor)

SECOND FLOOR

BEDROOM 6

A family room with a standard double and single beds. The en-suite comprises of a shower, WC, and

wash hand basin. The bedroom has a window to the rear of the property.

BEDROOM 7

A single room with a standard single bed. The en-suite comprises of a shower, low-level WC, and wash hand basin. The bedroom has a window to the front of the property.

BEDROOM 8

A family room with a standard double and single beds. The en-suite comprises of a shower, WC, and wash hand basin. The bedroom has a window to the front of the property.

SHOWER ROOM

Used by rooms 3 & 5.

OWNER'S ACCOMMODATION

Situated on the ground floor and can be accessed from either the rear or the ground floor hallway.

LOUNGE

8.10m x 2.84m & 3.86m x 1.64m

A very large room that can be used for a multitude of purposes and previously served as a bar/lounge for the guest house. It benefits from a window to the rear of the property.

With a window to the rear.

DINING ROOM

5.3m x 4.03m

Includes an ornate fireplace and hearth with an inset electric fire and a bay window to the front of the property. (Previously used as the guest house dining room)

BEDROOM 1

3.78m x 3.51m

With a window overlooking the rear courtyard.

Steps leading up to:

BEDROOM 2

3.65m x 2.34m

With a window to the side and an en-suite with a shower, WC, and wash hand basin.

OUTSIDE

Large rear courtyard benefitting from a good-sized workshop and a separate shed, along with a part-covered area for the storage of bicycles and rear access onto a service lane. To the front, there is a pretty, paved garden with a table, chairs and an umbrella, as well as wrought iron gates leading onto Beach Road.

FIXTURES & FITTINGS

Trade fixtures, fittings, equipment, land, and buildings, with the exception of the vendor's private inventory, will be included in this freehold sale.

SERVICES

Mains electricity, gas, water, and drainage are all connected. However, no testing of these services has been undertaken by the Agents, Ware Commercial.

BUSINESS RATES

Please make your own enquiries on the local Valuation Website (VOA) at www.voa.gov.uk. (currently the property is fully exempt from business rates because of small business rates relief)

TENURE

Freehold.

VIEWINGS

All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL: 01803 328880 or 01392462266

Email: [email protected]

Website: www.warecommercial.com

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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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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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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The data showed regarding this advert 'An 8 Bedroom licensed HMO for sale - SeahavenHMO / 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.