Freehold 7 Bedroom Guest House Located On The Hoe In Plymouth

Plymouth, PL1 2RP
£465,000
Business ID:
#2502
£465,000
  • Ref: 2502
  • Type: Guest House
  • Availability: For Sale
  • Veritas Categories: Commercial Property, - Guest House, - Hotels
  • Business ID: 2502
  • Commercial Tenure: Freehold
  • Annual Turnover: 59314
  • Make Enquiry

Property Features

  • Freehold
  • 7 Guest Bedrooms
  • 2 Bedroom Owners Accommodation
  • 5 Star TripAdvisor Rating
  • Close to The Barbican

Full Details

Freehold 7 Bedroom Guest House Located On The Hoe In Plymouth
Two Bedroom Owners Accommodation
Walking Distance Of The Barbican
5 Star TripAdvisor Rating
Ref 2502

Location
This charming Guest House is located in port city of Plymouth in Devon. Poppy’s Guest House is ideally placed within striking distance of the city’s iconic landmarks, such as the Theatre Royal and the National Marine Aquarium. Plymouth is a port city known for its maritime heritage and historic Barbican district with narrow, cobbled streets. Also the largest City in Devon and enjoys all year round trade with easy access via the A38/M5 and mainline railway station.

Asking Price: £465,000

Business Description
Veritas Business Sales are delighted to offer for sale this well appointed 7 bedroom Guest House which is located on The Hoe in Plymouth, Devon. The property has been operating as a Guest House for the past 50 years and been in the careful hands of our client for the past 14 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Poppy’s Guest House offers luxury accommodation and has seen continual investment in new equipment along with fixtures and 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. The business is owner operated and they currently only let 5 of the 7 bedrooms. For year ending April 5th 2020 they posted an annual turnover of £59,314 with a gross profit of £52,023 (88%). Room tariffs range from up to £95 in the peak season and up to £85 in the low season. All rooms benefit from gas fired central heating, complimentary tea & coffee making facilities, colour TV’s and wi-fi. Prices include a traditional English cooked breakfast where they only use the finest high quality locally sourced produce.
We believe that the business has the potential to increase revenue by opening all 7 bedrooms for guests should you wish. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Ground Floor
Entrance hallway (5.1 x 1.5m ) with stairs leading to the first floor.
Dining room (4.9m x 4.0m) comprising: 5 solid tables with seating for (10), settee, feature fireplace, various pictures and wall mounted mirror.
Kitchen (3.6m x 3.2m) comprising: fully fitted kitchen with wall and base units, dual basin sink, 5 burner cooker, microwave (Panasonic), upright stainless fridge freezer (Bosch), 2 grills (George Foreman), dishwasher (Indesit) and 2 toasters.
Linen cupboard with various shelves.
Office (3.5m x 1.7m) with filing cabinet, desk, chair and filing cupboard.
Owners lounge (3.9m x 3.2).
Guest accommodation
Bedroom 2 (4.1m x 4.2m) double with en-suite (separate shower ,W/C and wash basin).

External
Rear garden with storage shed comprising: washing machine (Whirlpool) and tumble dryer (Whirlpool).
Car park with space for (3) vehicles.

First Floor
Bedroom 3 (3.9m x 3.9m) double with en-suite (separate shower, W/C and wash basin)
Bedroom 4 (3.4m x 4.0m) double with en-suite (separate shower, W/C and wash basin)
Bedroom 5 (3.0m x 2.8m) single with en-suite (separate shower, W/C and wash basin)

Second Floor
Bedroom 6 (3.8m x 3.1m) twin with en-suite (separate shower, W/C, and wash basin)
Bedroom 7 (2.4m x 3.6m) single with en-suite (separate shower, W/C and wash basin)
Bedroom 8 (2.0m x 3.1m) single with en-suite (separate shower, W/C, and wash basin)

Owners accommodation (First floor to the rear of the property)
Bedroom 1 (3.8m x 3.1m) double room
Bedroom 2 (3.3m x 2.1m) single Room
Bathroom (1.6m x 2.0m) with shower, W/C and wash basin

EPC Rating D