Meadfoot Sea Road, Torquay Guide Price £775,000

Palm Grove Hotel is set in a grand Victorian Villa in a superb position on the English Riviera, a short walk to Meadfoot Seafront and Torquay Town centre which provides a vibrant mix of bars, restaurants and shops along with the harbour and theatre.

Torquay benefits from easy access to all main arterial road links via the South Devon Bypass connecting to Exeter, Plymouth and further afield. The area has a busy train line, bus and coach service.

A beautiful Victorian property which retains many original features and is decorated to a very high, and modern standard with subtle colours throughout.

Briefly comprising entrance lobby and reception with access to the grand breakfast/ dining which benefits from large bay windows giving access to the sun terrace patio. Large commercial kitchen off the main lobby with 3 guest letting rooms on the ground floor.

First floor sees a further 11- guest letting rooms with the “Tower room” and ancillary storage.

The large owner’s accommodation is situated over the lower ground floor and can be flexible, allowing spacious 4/ 5 bed accommodation, or 2 separate dwellings if desired.

Externally, there is off street parking for around 6 vehicles and free road parking for many more. The rear of the property has a delightful sun terrace,

mature gardens and an outdoor swimming pool.

Main entrance from car park through to...

Guest reception – with roller shutter security blind, reception desk, admin and filling systems, full CCTV system and entrance to..

Guest dining room and bar – (39’ x 15’) A stunning, period room with bay window and two further windows providing dual aspect and giving access to the sun terrace. Tables and chairs for 25+.

Commercial Kitchen - (19’ x 16’) with a range of commercial kitchen equipment and splash back walls.

A range of storage cupboards and WCs.

Letting Accommodation

Ground floor -

Room 1 - Double room with en-suite shower.

Room 2 - Family room consisting of double and single bed with en-suite shower.

Room 9 - Double room with en-suite shower.

First floor-

Accessed via the main, Victorian stairwell or rear former servants’ stairwell:

Room 10 - Double room with en-suite shower.

Room 11 - Single room with en-suite shower.

Room 12 - Superior double with en-suite shower

Room 14 - Double room with en-suite shower.

Room 15 - Double room with en-suite shower- let as a superior single room.

Room 16 - Double room with en-suite shower. Room 17 - Superior double with en-suite shower Ancillary storage cupboards and linen cupboard. Room 18 - Double room with en-suite shower.

Room 19 - Known as the “Tower Room”- currently used as storage or staff accommodation, single room with separate shower room and stairs to the tower.

Room 20 - Twin room consisting two single beds with en-suite shower.

Room 21 - Superior double with en-suite shower Room 22 - Single room with en-suite shower.

Further accommodation-

To the rear of reception is a further double bedroom with walk-in shower, currently used as a manager’s suite but could be utilised as a further guest letting room if required.
Owners accomodation

Accessed via the main lobby, or via exterior doors, private access to lower ground floor accommodation comprising...

Bedroom - (13’ x 12’) currently being developed. Family Bathroom -(14’ x 12’) currently being

developed.
Bedroom 2 - (14’ x 11’) Double room.

Main accommodation-

Lounge and Kitchen - (23’ x 13’) a large open plan area with modern kitchen and comfortable lounge.

Bedroom 1 - (16’ x 14’) large double with en-suite bathroom.

Across the entrance hallway...

Lounge and Kitchenette - (21’ x 15’) Large open plan sitting room with corner kitchenette

Bedroom - (17’ x 11’) with separate en-suite.

Further accommodation/ storage can be utilised within the former spa changing area, which consists of main changing area (17’ x 7’), former shower area/ WC and additional storage room.

External Details

Main entrance and private parking for guests and owners with further on-street parking fronting the grounds. To the rear of the hotel is a wrap-around sun terrace patio area with access to the outside swimming pool and mature gardens.

The Business

Owned and operated by our clients for a number of years, and now selling for health reasons and the desire to pursue semi-retirement, Palm Grove represents a superb opportunity to take over a stunning, Victorian Villa Hotel set in one of the premier and most sought-after destinations in Torquay.

The property has been subject to extensive programme of renovation and refurbishment works which are ongoing, most recently, seeing the development of part of the hotel (formerly used as long lets) to become residential accommodation.

The hotel, which currently only trades during the season due to ongoing development works, is an excellent example of a going concern hotel which is very much a turn-key opportunity.

The business, which trades through the season and closes over the winter months, continues to receive high reviews from guests, including a 8.9/ 10 on Kayak.co.uk, 8.4/10 on uk.hotels.com and 9/ 10 on Booking.com.

Trading Information

The business was closed for 2018/ 2019 trading year for development works, however figures for 2019/ 2020 (18 weeks trade) show a net turnover of circa of £80,000- this was kept deliberately under the VAT threshold.

Full accounting information will be available to bona fide applicants.

Stock at Valuation

In trade and glassware will be required to be purchased at valuation on the day of completion.

Business Rates

All interested parties are advised to consult the local council with regards to business rates.

Tenure

Freehold with vacant possession on completion.

Licence

The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a Personal Licence.

Services

We are advised that all main services are connected.

Agent Notes

There adjoining property (formerly further letting rooms/ flats) has received full PP for conversion to residential and is available to purchaser via separate negotiation.

Further information on the adjoining development can be gained from the Charles Darrow.