- Great home & lifestyle opportunity
- Well-presented 6 bedroom property (4 en-suites)
- Arranged as 4 guest bedrooms
- With top floor spacious 2 bedroom family apartment
- Operating as family home
- guest house and tea room
- Prime tourist spot
- Excellent location close to the South West Coastal Footpath
- Within the heart of the Popular North Cornwall village of Boscastle
- Established trade with 6 figure turnover
Hotel for sale in Cornwall
Great home & lifestyle opportunity
Well-presented 6 bedroom property (4 en-suites)
Arranged as 4 guest bedrooms
With top floor spacious 2 bedroom family apartment
Operating as family home, guest house and tea room
Prime tourist spot
Excellent location close to the South West Coastal Footpath
Within the heart of the Popular North Cornwall village of Boscastle
Established trade with 6 figure turnover
LOCATION
Prime tourist site within the favoured North Cornwall coastal fishing village of Boscastle. The property is in the heart of the village close to the South West Coastal Path. Nearby is the Edwardian fishing harbour and dramatic coastline. Boscastle offers many character properties including a small parade of shops, a general store and is also close to King Arthur Country with the nearby village of Tintagel which is a popular tourist haunt.
THE PROPERTY
Traditional character cottage style premises much improved by our clients who now operate a tea room, tea garden and 4 letting bedroom guest house with their own private quarters on the second floor. This very versatile accommodation could be operated as present or the letting rooms taken back to provide large 6 bedroom family accommodation to concentrate on the licenced tea room and tea garden. This is a fantastic home and lifestyle opportunity to immerse within this friendly and lively community in one of Cornwall's most visited coastal villages.
THE BUSINESS
With a combined gross income of £155,000 (of which just under £90,000 is generated from the tea room) the business is operated by a husband and wife team who are selling after 8 happy years in occupation. Opening times are restricted by choice with the tea room hours 11am to 3.30pm. Open for 9 months of the year with scope to open longer. However, a discerning buyer will soon realise that there is untapped potential with evening meals and early breakfasts much in demand.
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 buyer's responsibility.
SERVICES
Mains electricity, water and drainage.
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
£4,300 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.
Approaching Boscastle at the bottom of the hill is the long stay car park. This property is on the right just beyond the car park with the tea garden facing the main road opposite a parade of shops. The colourful tea garden is decorated with lobster pots adoring the walls and large commercial sun parasol with heater.
Important Information
- This is a Freehold property.
Property Ref: 56016_COM250052
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