For sale Torquay Devon TQ2 5BZ 08449 02 03 04 gva.co.uk
Highlights Well presented Fourteen en suite guest rooms Swimming pool & spa Bar & restaurant (26) Guests lounge Premises licence Owners accommodation Potential to grow trade Energy rating - D
Overview is a substantial period property believed to date from the 19th century located in the popular tourist town of Torquay. The Richwood offers generous accommodation over three floors and benefits from a prominent roadside position and a well proportioned plot with customer parking and attractive rear garden with heated swimming pool, sun terrace and spa. Location is situated in the popular tourist resort of Torquay on the English Riviera. The town is famed for its attractive seafront, excellent retail and leisure facilities and is popular with both staycationers and overseas visitors. is ideally located for guests being a short walk from the town centre, seafront and Torre train station which has regular connections all over the UK. The English Riviera attracts over three million tourists each year with visitors enjoying it s excellent coastal walks, cycle paths, water sports and numerous blue flag beaches. The rugged coastline of Cornwall and the beauty of Dartmoor are within easy reach as are both Exeter and Bristol airports and the M5 being an easy twenty minute drive.
Internal details The hotel offers a number of well presented public areas with a welcoming reception, bar,restaurant/ dining room (26), guest lounge with Sky TV and games area with pool table and darts board. In addition to the public areas there is a well equipped commercial kitchen, utility room, office, small conservatory currently used as staff room and customer WC facilities. There is also a further bar on the lower ground floor that is not currently utilised that could easily be brought back into a further trade area. The majority of the guest accommodation is located on the first floor although there are two pet friendly guest rooms on the lower ground floor and a guest room on the ground floor. Guest accommodation There are fourteen well proportioned guest bedrooms all of which are en suite, comprising: One deluxe room with four poster bed, walk-in shower and seating area. Five small standard doubles. One premier double with king size bed and seating area. Two double/family rooms beds with seating area (bunk bed & double bed). One double/family room with double and single bed with seating area. One large double/family room with seating area for 5 with a double, a single and bunk beds. Three twin rooms (two of which are premier rooms) One single bedroom All of the rooms are presented to a good standard and have combination TV/DVD s and tea and coffee making facilities. Owners accommodation The owners accommodation is situated on the ground floor and comprises two en suite double bedrooms and a lounge with balcony to the rear aspect. External details The hotel is set in a well proportioned plot with customer car parking to the front with approximately 7 spaces (further free on street parking available in the immediate vicinity) and well presented garden to the rear with outside seating, sun terrace, heated swimming pool and spa. In addition to this there is a small garden outside of the conservatory staff room and external storage shed accessed via covered walkway. Business/opportunity offers potential purchasers the opportunity to acquire an award winning guesthouse with significant scope to develop trade. The business is currently traded to suit lifestyle with a three month winter shut down and the emphasis on room sales with the restaurant and bar not currently promoted to non-residents. It is felt that new owners could significantly improve trade by forgoing the winter shut down and further promoting the restaurant and bar to residents and non-residents. There is also the potential to re-open the basement bar and grow a wet trade and take advantage of the premises licence. Our clients have owned and operated for approximately six years and have created a successful business which has received a number of plaudits including the English Riviera & South Devon Bronze Award for Customer Service, three Tripadvisor certificates of excellence and has appeared in the popular channel 4 programme Four in a bed. Trading information The business enjoys health levels of turnover and profitability. Full accounting information will be provided to interested parties after a formal viewing of the business. Fixtures & Fittings We have been advised that trade fixtures and fittings are owned by our clients and are included in the sale. Fire Risk Assessment We have assumed that a suitable and sufficient fire risk assessment has been carried out under the Regulatory Reform (Fire Safety Order 2005). Business Rates The rateable value is 11,750 from April 2017. Asking Price We are inviting offers in the region of 750,000 for the freehold interest incorporating trade fixtures & fittings and goodwill. Stock in trade is to be purchased at cost in addition to the asking price on completion. Viewings Viewing arrangements are strictly by appointment only through the Vendor s sole agent GVA.
For further information please contact: John Coggins LL.B (Hons) AssocRICS 02920 248902 john.coggins@gva.co.uk Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle GVA One Kingsway, Cardiff CF10 3AN GVA is the trading name of GVA Grimley Limited an Apleona company. 2017 GVA GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise. (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.