13 bedroom house for sale
Key information
Property description & features
- Tenure: Freehold
- Established independent hostel
- For sale as a going concern
- 13 Rooms and space for 45 guests
- Car park to the rear for 4 vehicles
- Much improved & modernised
- New CH boiler within the last 3 years
- Turnover circa £120,000 per annum
- Run under management
- Excellent business with enviable reputation
In a prime tourist spot located between the seafront and the harbour of this popular resort. The property is ideally placed to take full advantage of the tourist trade, being close to the pier and beaches. In addition the property benefits from a private car park to the rear for 4 vehicles.
THE PROPERTY
This is a large much improved end terraced property which the current owners acquired about three years ago but are now selling due to other retail business commitments (not related to hospitality). The owners have installed a new boiler heating system and re-decorated throughout since they took over this well-established business. In recent years the property has operated as a youth hostel with an income of around £120,000 per annum.
There are 13 bedrooms that cater for up to 45 guests as a hostel or the rooms could be arranged as 8 letting bedrooms on the first and second floor and the top floor for an owner’s apartment.
THE BUSINESS
Available as a thriving independent hostel or could revert easily back to a bed & breakfast establishment or alternatively as Air B&B/possible conversion of the upper floors into three apartments, subject to planning. The ground floor could be used for catering, retail or even as an art gallery, again subject to any necessary planning. Every assistance will be made available for a smooth takeover and full details of the business operation are available upon request, subject to the owner’s approval.
AGENTS NOTE
The property is in a conservation area. There are solar panels at the property, we have been advised by the vendors that they are owned outright. A small flying freehold exists to the rear, as the house backing onto the kitchen has access to the flat roof over. The property is pavement fronting onto St James Place where on the right hand side a timber door gives access to a small side patio. There are car parking spaces for 4 vehicles.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
From Webbers Ilfracombe Office turn left and proceed right along the High Street towards Fore Street. This is a meandering street that flows down to the harbour and is access only. At the bottom of the road at the junction with Broad Street turn left and proceed straight past the car park and opposite the RNLI charity shop is St James Place. The property may be found half way along on the left just before the Church.
Rooms
GROUND FLOOR
ENTRANCE HALL
With reception desk and door to:
UNDERSTAIRS OFFICE
LOUNGE 5.18m x 3.84m
(Former cafe). With double windows and central doorway to outside. Steps up to:
SPLIT LEVEL DINING AREA 7.92m x 4.14m
With separate cloakroom in the corner. Door to:
COMMERCIAL KITCHEN 6.3m x 4.11m
Comprehensively equipped. Separate cloakroom off. Door to outside.
STEPS DOWN TO: BASEMENT & LAUNDRY AREA
(Accessed from car park).With central heating boiler and solar panel control.
GROUND FLOOR CONTINUED
Bedroom One sleeps 5 3.5m x 3.91m
With en-suite shower room WC. This room could also be used as another ground floor lounge for guests.
STAIRS TO FIRST FLOOR
MAIN LANDING
With seperate WC.
BEDROOM TWO (SLEEPS FAMILY OF 4) 3.05m x 2.95m
With en-suite bathroom WC.
BEDROOM THREE (SINGLE)
Used as Managers Room
MAIN LANDING
With store room.
BEDROOM FOUR (sleeps 8) 5.4m x 3.45m
With radiator.
BEDROOM FIVE (sleeps 5) 3.94m x 4.52m
With en-suite bathroom WC.
STAIRS TO SECOND FLOOR
BEDROOM SIX (DOUBLE) 3.91m x 2.67m
With en-suite bathroom WC.
BEDROOM SEVEN (SLEEPS FAMILY OF 5) 3.48m x 5.33m
With en-suite shower room WC.
BEDROOM NINE (DOUBLE) 2.82m x 4.04m
With pedestal wash hand basin, en-suite shower room WC and views of the seafront towards the sea.
BEDROOM EIGHT (FAMILY ROOM) 3.63m x 4.37m
With en-suite shower room WC and wash hand basin in the main bedroom.
STAIRS TO THIRD FLOOR
This floor was used in the past as a private owners apartment and could easily be used again as a private suite.
LANDING
With entrance to roof space.
KITCHEN 2.84m x 4.11m
With double aspect windows with views to the rear.
MAIN LANDING CONTINUED
With shower room WC.
SEPARATE BATHROOM WC
BEDROOM TEN (FAMILY ROOM) 4.57m x 3.15m
Double aspect room.
BEDROOM ELEVEN (sleeps 4) 4.7m x 3.15m
With double aspect windows.
BEDROOM TWELVE (SINGLE ROOM) 2.29m x 3.66m
With skylight.
BEDROOM THIRTEEN (DOUBLE ROOM) 2.72m x 4.11m
With excellent views of the seafront with the sea visible.
OUTSIDE
The property is pavement fronting onto St James Place where on the right hand side a timber door gives access to a small side patio. Car parking spaces for 4 vehicles.
AGENTS NOTE
A small flying freehold exists to the rear, as the house backing onto the kitchen has access to the flat roof over.
SERVICES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
£6,700 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.
COUNCIL TAX BAND
To be advised.
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
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Property reference BAR240282. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Ilfracombe.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
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Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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