Property description
This spacious property, which has been sympathetically extended over the years, has traded successfully as a B&B since the 1960's. Occupying an excellent trading position within a short and level walk of the town centre as well as the mainline railway station and the adjacent Looe Branch railway terminus, the business derives approximately one third of its trade from rail travellers. There are 7 en-suite letting bedrooms, 4 of which are on the ground floor. There are 2 further letting bedrooms, one twin and one single, which currently share facilities located on the adjacent landing, and a separate suite on the second floor which is let on a more permanent basis via an assured shorthold tenancy. There is also a spacious, private and most comfortable owners' suite, an excellent rear car park, double garage and attractive enclosed patio garden.In the past year the trade has grown significantly through the use of agency booking services and the owners have reinvested heavily in re-carpeting all the guest accommodation, hallways, stairs and landings as well as purchasing new bedroom furniture.Buyers will get a lot of property for their money here and with annualised income now projected at c £65,000 for full year opening, and further growth via agency bookings in prospect, we feel this is an opportunity worth close inspection.YEARS ESTABLISHED:We understand that the business and property has only changed hands twice since the 1960's. The current owners acquired the property and business in 2000. We understand that the previous owners traded for 20 years from c 1980.TRADE:Please note that if a business is VAT registered, all figures exclude VAT.The vendors advise that the projected takings for this year are expected to be around £65,000The second floor flat has been let continuously throughout this period for a monthly rental of £460pcm equates to additional annual income of £5,520.
Property Features :
- CLOSE TO MAINLINE + LOOE RAILWAY TERMINUSES
- 7 EN-SUITE LETTING BEDROOMS (4 ON GROUND FLOOR)
- FURTHER 2ND FLOOR SUITE ON LONG TERM LET
- DELIGHTFUL AND PRIVATE OWNERS ACCOMMODATION
- EXCELLENT CAR PARK, DOUBLE GARAGE + PATIO GARDEN