TRECARN HOTEL PALERMO ROAD, TORQUAY, TQ1 3NW

TRECARN HOTEL PALERMO ROAD, TORQUAY, TQ1 3NW

SUMMARY 126 en suite lettings bedrooms; Riviera Ballroom (230), Restaurant (250) and Garden Ballroom (100); Located in the in the ever popular English Riviera resort of Torquay; Staff house: available under separate negotiation; Offers in the region of 2,350,000. OVERVIEW The Trecarn Hotel is a substantial 126 room hotel with stylish and spacious public areas including two function rooms: one with capacity for 230, the other 100 (seated). The restaurant is particularly good and can cater for up to 250 covers. The hotel is a popular venue for large social events and weddings, it is an established and successful hotel, but still offers scope to increase revenues. Situated in its own peaceful grounds, the hotel is less than half a mile from Babbacombe Downs; an open cliff top park with stunning sea views. Torquay s shopping centre and seafront, in addition to the delightful village of St Marychurch, beach and local shops, are all within a convenient distance. The Trecarn Hotel is an ideal base for those visiting the surrounding region and the spectacular South Devon coast. THE PROPERTY The hotel has been converted from two Victorian buildings (previously separate hotels) with substantial later alterations and extensions. It is laid out on basement, ground, first and second floors with rendered and painted elevations under flat roofs.

PUBLIC AREAS A particular feature of the Trecarn are the spacious public areas with two function spaces and a very large restaurant. The hotel s multiple public rooms allow it to compete for non-resident trade. Charming entrance hall with reception and adjoining open plan lounge with seating for 24; Riviera Ballroom; arranged open plan to the entrance hall and with split level seating, dance floor, stage and open plan bar. Capacity for 230; Restaurant ; divisible into three areas with up to 250 covers; Garden Ballroom ; a self-contained suite with its own entrance, dance floor, stage and adjoining bar. Capacity for 100.

OUTSIDE The hotel occupies a site of approximately 0.64 hectares (1.57 acres) with parking for four coaches and about ten cars. The mature garden has outside seating in two main areas. LETTING BEDROOMS 126 en suite letting bedrooms of which 19 are located to the ground floor. The 64 letting bedrooms on the western side were (excluding the en suite bathrooms) refurbished in 2010. A further 14 bedrooms benefited from a refurbishment. STAFF ACCOMMODATION There are a total of 12 staff rooms within the hotel. A detached two-storey staff house to the rear (with access from York Road) contains two flats (each with lounge, two bedrooms, kitchen and bathroom) and is available by separate negotiation. SERVICE AREAS Service areas include a kitchen, chef s office, three walk-in cold rooms, beer cellar & stores. WEBSITE www.bayhotels.co.uk/trecarnhotel

TRADE The Trecarn Hotel currently operates as part of the Bay Hotel brand with trade principally driven by coach parties but also with self-drive clients. The hotel usually accommodates either 4 or 5 coaches. The hotel has operated all year round, but for 2015 it will be closed for 6 weeks from the beginning of January. Trading information can be made available following the signing of a Non-Disclosure Agreement. TENURE Freehold. PRICE & METHOD OF SALE Offers in the Region of 2,350,000 are sought for the freehold interest complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation. The property, which has been elected for VAT, is currently operated by Shearings Group Ltd and is to be sold as a going concern and on a vacant possession basis. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance is required. Whilst we do not charge the buyer for this service, we may received an introductory commission from the lender or broker involved. TO VIEW All appointments to view MUST be made through the vendor s agent who are acting with sole selling rights..

DIRECTIONS At Exeter the M5 splits into the A38, (which heads West to Plymouth and Cornwall), and the A380 heading South towards Torbay. At the roundabout junction between the A380 and the A3022 carry straight on towards Torquay and then turn left after about 1 mile onto the B3199 which will take you across the coastal road, the A379. Turn right on the Babbacombe Road (Torquay Golf Club is on your left) and right again into St Albans Road after another mile. Palermo Road and the Trecarn Hotel are the first right. FURTHER INFORMATION An Information Memorandum will be made available to interested parties subject to signing a Non-Disclosure Agreement available from Colliers International. Paul Barrasford Tel: 020 7344 6963 Email: paul.barrasford@colliers.com Simon Wells Tel: 0117 917 2000 Email: simon.wells@colliers.com SUBJECT TO CONTRACT Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. October 2014 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.