Freehold 10 Bedroom Guest House Located In Newquay Cornwall
3 Bedroom Owners Accommodation
Stunning Heated Swimming Pool
Ref 2226
Asking Price: £875,000 plus SAV

Location
This outstanding and well respected 10 bedroom guest house is situated on one of the main through roads on the outskirts of Newquay town centre. Newquay is a town, civil parish, seaside resort and fishing port in Cornwall, England. It is situated on the North Atlantic coast of Cornwall approximately 20 miles (32 km) west of Bodmin and 12 miles (19 km) north of Truro. The town is bounded to the west by the River Gannel and its associated salt marsh, and to the east by the Porth Valley. Newquay has been expanding inland (south) since it was founded. In 2001, the census recorded a permanent population of 19,562. As with the rest of the British Isles and South West England, Newquay experiences a maritime climate with cool summers and mild winters. Newquay has been a major tourist destination for more than a century, principally on account of its coastline and nine long and accessible sandy beaches, including Fistral. Around 22,000 people live in Newquay nowadays, but the population can increase to 100,000 or more in the summer because Newquay has a large stock of holiday accommodation. There are lots of attractions in Newquay; most of all the lovely beaches, some of which are used for musical events, fast speedboat events and surfing competitions, but there’s room for everybody. Close to most beaches there are restaurants, cafes and toilets close by, due to their proximity to the town, and the most popular will have a lifeguard. The resort is widely regarded as the surf capital of the UK. Newquay is a centre for the surf industry in Britain, with many surf stores, board manufacturers and hire shops in the town.
Business Description
Veritas Business Sales are delighted to offer for sale this delightful 10 Bedroom guest house which is located in the popular Cornish holiday town of Newquay. The business has been established for over 25 years and has been in the careful hands of our clients since 2003 and they are reluctantly offering the business for sale so that they can enjoy a well deserved retirement. Since ownership they have extended and continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Gratton Lodge is family run, keeping standards high, offering comfort combined with friendly service and has an annual turnover of £72,864 with a GP of £63,029 (87%). The Lodge is ideally situated with the town centre and all beaches just a short walk away. Set in over half an acre of grounds with large south facing gardens. The heated swimming pool (summer months) is enjoyed by many guests. Couples and families are catered for, with garden rooms available, ideal for families, with direct garden access close by the swimming pool. All nine bedrooms are shower en-suite, with TV’s, hospitality trays, clock radios and hair dryers. Breakfast is freshly cooked to order using only the finest local produce with a range of traditional full English, vegetarian or continental. We believe that there is further potential to increase trade should you wish as our clients operate at a gentle pace to suit their lifestyle and purposely only operate during the summer season to trade below the VAT threshold. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Business information
Turnover: £72,864 pa
Stock: £500

Ground Floor
Kitchen (3.4m x 4.9m) with fully fitted base & wall units, 5 burner oven (Bellina), microwave (Delanghi), hot water dispenser (Cygnet), upright fridge freezer (Samsung), dish washer (Comenda), 2 toasters and sink drainer.
Reception hallway (1.9m x m x3. 2m) with reception desk.
Guest’s Lounge (5.7m x 3.6m) with TV (Panasonic), feature fire place, leather chair, leather settee and cabinet.
Hallway (9.6m x 2.2m) with chair, wall mirror, settee and table.
Breakfast Room (6.7m x 3.9m) with 10 tables and 28 covers various pictures and Welsh dresser.
Linen Cupboard (1.5m x 1.5m) with various shelves.
Toilet W/C with hand wash basin.
Conservatory/Bar with 2 settees, 4 chairs, log burner and 3 tables.

Accommodation

Ground Floor
Bedroom 2 king size room with en-suite

First floor 1
Bedroom 3 double room with en-suite
Bedroom 4 double room with en-suite
Bedroom 5 family room with en-suite
Bedroom 7 family room with en-suite
Bedroom 8 king size room with en-suite

Ground Floor Outside Rear
Bedroom 9 family room with en-suite
Bedroom 10 family room with en-suite
Bedroom 11 family room with en-suite
Bedroom 12 family room with en-suite

Owners Accommodation
Kitchen (3.4m x 4.9m As described on page 3)
Dining Room (4.4m x 3.8m)
Lounge (6.5m x 3.3m)
Bedroom 1 (4.7m x 2.6m) double en-suite
Bedroom 2 ( 3.2m x 3.5m) double en-suite
Bedroom 3 ( 3.5m x 3.6m) double en-suite

The property benefits from gas central heating & double glazing throughout.
EPC Rating C

External
Extensive mature gardens with large heated swimming pool, set in over half an acre.
Parking for multiple vehicles
Large detached garage (8.0m x 5.0m)