Hotel / Motel for sale in Salcombe

Salcombe, Devon


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after village location, SOUTH DEVON

The property was until April, 2011 let out under a 3 year lease which was not renewed on expiry. For the current season the vendor is running the Hotel as an exclusive use House Party Venue through his business www.classiccountryhouses.com using the name Marlborough House. Classiccountry houses.com are happy to continue marketing the property under a commission arrangement should the purchaser be interested in continuing this relationship.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new lease for a maximum period of 24 years at a rental of £36,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (If required we understand the vendor is prepared to grant a shorter lease for a minimum period of 12 years).

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED FULLY LICENSED HOTEL IN THIS MOST SOUGHT AFTER SOUTH DEVON LOCALITY.

Uniform Business Rates: £9,860 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Summer months only. Please note the business closes during the winter months

TO INCLUDE THE NEW LEASE, FIXTURES, FITTINGS & FURNISHINGS £40,500 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, FIXTURES, FITTINGS & FURNISHINGS £595,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £40,500
Tenure : Freehold
Status: Available
Sectors:
Bed & Breakfasts
Guest Houses
Hotels and Motels
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