Hotel for sale

LOCATION
In the heart of this pretty village fronting the main road and within a few minutes’ drive of the harbour at Porlock Weir, 5 miles from Minehead and at the Eastern approach to Exmoor National Park. This whole area is often referred to as Porlock Vale and provides stunning coastal and moorland scenery.

THE PROPERTY
This is a character property with a delightful cobbled courtyard to the rear and private parking for the owners. The property has been a hotel since 1894, built by William Hancock, a brewer from Wiveliscombe. He erected the current building on the site of the old Three Horseshoes Inn and the buildings around the courtyard to the rear are the original stables and coachmen's cottages.

The main property benefits from part oil fired central heating and to the ground floor there is a character restaurant, function room, small lounge, reception office and well equipped commercial kitchen.

There are 10 en-suite letting bedrooms in the main property plus 2 courtyard annexe en-suite bedrooms as well as a first floor 3 bedroom suite suitable for walkers plus an en-suite. The owners have a ground floor apartment to the rear courtyard.

As the name of the hotel implies, many of the bedrooms are named after fictional characters in the novel. This is a cosy and characterful establishment which is well worthy of your early consideration.

The property benefits from a full license and the bar seats 40 comfortably. All letting bedrooms are en-suite and are individually furnished. The business will be offered comprehensively equipped, subject to trade inventory (excluding those items of a personal nature).

THE BUSINESS
Operated by a husband and wife team with one part time staff and 3 casual staff in the busy months. This licenced hotel has a thriving trade and takings can be made available to those seriously interested parties who have inspected the premises, with the vendors authorisation. The establishment closes for one month in January and opens Friday and Saturday in the winter months.

BUSINESS RATES
£13,000 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.

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.

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.

AGENTS NOTE
Please note this property is in a conservation area.

SERVICES AND UTILITIES
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 From Minehead in West Somerset take the A39 tourist route heading West to Exmoor and Lynmouth. Upon approaching the village of Porlock the Lorna Doone is on the right hand side in the heart of the village fronting the High Street.