Former B&B with Council Accommodation Use in Tiverton Devon
Tiverton, Devon
- Status
FOR SALE
- Advert ID
656681
- Reference
CD-20204 / Rightbiz
- Call Agent:
- Leasehold: £49,950
- Turnover: £150,000 (£2,885 per week)
- Profit: Not Applicable
Business Details
Former B&B with Ongoing Council Accommodation Use For Sale in Tiverton
Tiverton is the largest town in Mid Devon and occupies an increasingly important position within the county, benefiting from excellent road, rail and regional transport links. The town is situated approximately 14 miles North-East of Exeter and is strategically positioned close to the M5 motorway at Junction 27, providing direct access to the wider regional and national road network.The A361 North Devon Link Road provides a direct route from Tiverton towards Barnstaple and North Devon, while the A396 provides links south towards Exeter and the wider Devon road network. Exeter is approximately a 20–25 minute drive, with Taunton around 25 miles to the north-east and Barnstaple approximately 25 miles to the north-west.
Tiverton itself provides a comprehensive range of retail, leisure, professional and commercial facilities and serves a wide surrounding rural catchment. Its combination of proximity to Exeter, direct motorway access, North Devon connectivity and mainline rail services makes it an attractive location for both businesses and occupiers seeking accessibility across Devon and the wider South West.
Our Reference: CD-20204
Versatile leasehold opportunity in Tiverton
Former B&B with ground floor bar/ restaurant space
1-bed managers flat with converted garage rooms
10- letting rooms all currently accommodating council tenants
Consistent turnover of £150,000 Pa
Large rear patio and car park
Potential to revert back to B&B or retain lucrative council relationship
EPC rating D
• LH Price: £49,950
• Rent: ?42,000per annum
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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.
Be safe, use a Rightbiz Solicitor
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