Hotel for sale in Tregonwell Road, Minehead, Somerset

Modernised and upgraded licenced guest house
5 Minutes from the seafront at Minehead
9 Letting bedrooms (8 en-suite) 1 with a private bathroom
Spacious private 3 bedroom owners' accommodation
Gated private parking for 3 vehicles plus garage
Lawned fore garden & private rear lawned garden
Business fully equipped
Turnover circa £85,000/£90,000 per annum from seasonal B&B trade with scope to increase
Highly rated on Trip Advisor

LOCATION
Ideally situated within a short, level walk to the seafront and town centre, The Waverley enjoys a prime location on Tregonwell Road, a popular area known for its numerous hotels and guest houses.

Nearby, you'll find unrestricted street parking. Minehead, West Somerset's premier tourist destination, boasts a population of around 8,000, which swells during the summer with an influx of visitors.

Home to Butlin's Holiday Resort, Minehead is often called the gateway to Exmoor National Park. The town offers excellent tourist and shopping amenities, including Tesco, Morrison's, and Lidl.

Nearby attractions include the charming villages of Porlock and Dunster, with its Medieval Castle. From the rear of the property, enjoy inland views over the rooftops towards North Hill.

THE PROPERTY
Seize the chance to acquire this long-established hospitality business, home, and lifestyle.

The Waverley is a substantial end-terraced bed and breakfast with accommodation spread across the ground, first, and second floors, offering comfortable living quarters and a variety of double and twin rooms.

The property features in all 11 potential guest bedrooms but operating as 9 inviting letting bedrooms, 8 with en-suite facilities and 1 with a private bathroom. The ground floor, accessed via a wide hallway, includes a guest sitting room, separate dining room, private third bedroom or split-level office/function room, open-plan kitchen, private lounge/second bedroom, private third bedroom/art studio and a private shower room.

Recent upgrades include newly installed en-suite facilities in 5 guest bedrooms and redecoration of most rooms.

The property is set back from the main road with a level lawned foregarden, a garage and secure gated parking for up to 3 vehicles.

Additional features include a rear lawned garden shed, greenhouse and a covered wood-tiled patio area.

THE BUSINESS
Operating seasonally from April to the end of October, this licensed bed and breakfast trades just under the VAT threshold by choice, with ample scope to extend opening times.

Currently, the business offers 9 letting bedrooms, managed personally by a dedicated husband and wife team, with family assistance during peak periods.

AGENTS NOTE
The property previously had planning permission for conversion into 8 apartments (planning reference: 3/21/17/087), though this permission has since lapsed.

We recommend that interested parties make their own enquiries with the local planning authority regarding plans and necessary permissions.

SERVICES
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 https://checker.ofcom.org.uk

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.

RATEABLE VALUE   
£8,000 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.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

COUNCIL TAX BAND               
A

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 buyers responsibility.

From Webbers Office in Friday Street, Minehead proceed down The Avenue to the end of which turn right into Tregonwell Road. The property is on the right within 200 yards of the junction of The Avenue and Tregonwell Road on the right at the Irnham Road junction.