FOR SALE
01/08/23
517409
TheRosewood / Rightbiz
A beautiful 10-bedroom guesthouse with the potential of 1 holiday apartment for sale. This turnkey business is located a short distance from the water's edge, harbour, and town centre in the much sought-after Torquay, Devon. This impressively presented property occupies a commanding corner position and offers flexible accommodation with 1-3 (or more) bedrooms for owners' use, depending on the usage of the letting apartment. The rooms have undergone a transformation and are now presented to a 5-star standard. With a private courtyard garden, parking for guests, and excellent TripAdvisor reviews, this is an opportunity not to be missed. Early viewings are highly recommended.
Ideally located within the popular coastal town of Torquay, Devon, the picturesque Marina and Harbour of Torquay are only a short walk away. A level walk along the Esplanade provides stunning views over the bay towards Paignton and Brixham. The Riviera Conference Centre and train/bus stations are nearby. Torquay is ranked as the No. 1 staycation destination in the UK and is an all-year-round busy coastal resort. Conveniently located along the Jurassic Coast, it is only an easy drive to places such as Dartmoor National Park, Dartmouth, the Eden Project, and the Cathedral city of Exeter with its International airport and M5 motorway, linking all parts of the UK.
The guesthouse has been operated successfully by a couple without the need for staff. They have transformed it into a high-end guesthouse, which, due to its location close to the water's edge, quality accommodation, and low maintenance required, generates good occupancy and income. Trading with only nine rooms and now being placed on the open market because our clients wish to start a family and are looking to relocate. This is a truly fantastic opportunity to capitalise on the hard work that is obvious when entering the establishment. Actual trading accounts will be made available following a formal successful viewing.
ACCOMMODATION COMPRISES
An impressive entrance with steps leading up to large double oak doors to
RECEPTION FLOOR
RECEPTION / HALLWAY
A lovely welcoming space with a small reception desk, chandelier, sweeping staircase to upper floors, and doors to
DINING ROOM 1
5.20m x 4.66m
A large room with many tables and chairs for 10/12 covers together with a breakfast bar, an ornate marble fireplace, wall-mounted lighting and ceiling chandelier. With three large windows to the front, which creates a bright and airy feel. Archway to
DINING ROOM 2
5.09m x 2.18m
This conservatory extension has windows with a dual aspect and benefits from tables and chairs for an additional 8 covers.
GROUND FLOOR
KITCHEN
6.13m x 2.67m
A fantastic space with all the latest gadgets to make light work of any breakfast or general cooking. It also has a prep area at the far end.
LETTING ACCOMMODATION
All rooms have recently been decorated to a high standard and are equipped with good en-suite facilities. The high standards of the rooms are complemented with up-to-date equipment, including LCD Digital Freeview TVs, complimentary beverage facilities, bedside tables, chest of drawers, and wardrobe facilities.
RECEPTION FLOOR
BEDROOM 1
A double room with a double bed. The en-suite comprises a shower, low-level WC, and wash hand basin. The bedroom has a window to the rear of the property.
APARTMENT
This reception-level apartment has been stripped, ready to be redecorated to create a two-bedroom letting unit, which could easily be incorporated into owners' accommodation. It comprises two bedrooms, a lounge with a door to a private courtyard/garden, a kitchen, a bathroom, and benefits from access from the reception floor hallway or to the rear with its own door.
FIRST FLOOR
BEDROOM 2
A family room with a double and two single beds. The en-suite comprises a shower, low-level WC, and wash hand basin. The bedroom has dual-aspect windows to the front and side of the property.
LINEN ROOM
2.81m x 2.40m
With comprehensive shelving and two windows to the front and side.
BEDROOM 3
A double room with a double bed. The en-suite comprises a full-length bath with a shower over, WC, and wash hand basin. The bedroom has a window to the rear of the property.
BEDROOM 4
A single room with a single bed. The en-suite comprises a shower, WC, and wash hand basin. The bedroom has a window to the side of the property.
SECOND FLOOR
BEDROOM 5
A family room with a double and two single beds. The en-suite comprises a shower, low-level WC, and wash hand basin. The bedroom has dual-aspect windows to the front and side of the property.
BEDROOM 6
A double room with a double bed. The en-suite comprises a full-length bath with a shower over, WC, and wash hand basin. The bedroom has dual-aspect windows to the front and side rear of the property.
THIRD FLOOR
BEDROOM 7
A double room with a double bed. The en-suite comprises a shower, WC, and wash hand basin. The bedroom has a window to the front of the property. (This room is not being used but for storage)
BEDROOM 8
A single room with a single bed. The en-suite comprises a shower, WC, and wash hand basin. The bedroom has a window to the side of the property.
BEDROOM 9
A single room with a single bed. The en-suite comprises a shower, WC, and wash hand basin. The bedroom has a window to the side of the property.
BEDROOM 10
A double room with a double bed. The en-suite comprises a full-length bath with a shower over, WC, and wash hand basin. The bedroom has a window to the rear of the property.
OWNERS' ACCOMMODATION
Currently, the owners occupy the ground floor and benefit from their own front door or access via the business reception level.
LOUNGE 6.64m x 4.80m
A very large room that easily accommodates a sofa suite, table, and chairs, with plenty of remaining space.
UTILITY ROOM
2.00m x 1.81m
STORAGE CUPBOARD
STOREROOM
5.02m x 1.76m
BEDROOM
5.02 x 4.62m
A lovely large room with a window to the front and an en-suite comprising a full-length bath with a shower over, WC, and wash hand basin.
DRESSING ROOM
3.01m x 1.63m
This room is just off the bedroom and easily accommodates all our clients' clothing, shoes, etc.
INNER HALLWAY
3.40m x 2.69m
A large space that is not being used for much but also has a staircase to its own front door and would easily connect-in with the apartment above to create 3/4 owners' bedrooms.
OUTSIDE
To the front is a lovely garden space with mature shrubbery and palm trees, together with a table, chairs, and parasol. This area is a private secluded space and an impressive welcoming area for visiting guests.
To the rear of the hotel is access to the apartment, and to the side of the hotel is a separate door that leads to the owners' accommodation.
PARKING
Immediately to the rear of the outside terrace is a car park for 4/5 vehicles, and surrounding the hotel are many roads with unrestricted parking.
BUSINESS WEBSITE
www.therosewoodtorquay.co.uk
FIXTURES AND FITTINGS
All trade fixtures and fittings, except for our vendor's private inventory, will be included in this sale. A full inventory will be provided before the exchange of contracts. All stock will be sold at valuation on completion. No testing of these fixtures or any appliance has been undertaken by the agents, Ware Commercial.
SERVICES
Mains gas, electricity, water, broadband, and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.
BUSINESS RATES
Please make inquiries on the local valuation website (VOA) at www.voa.gov.uk
(currently, the property is fully exempt from business rates because of small business rates relief).
TENURE
Freehold.
VIEWINGS
All viewings and inquiries are to be made through the agents, Ware Commercial. TEL. 01803 328880 or 01392 462266
Email. [email protected] Website. www.warecommercial.com
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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