9 bed house to buy

£900,000 Guide Price

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About the property

The current owners have owned the property since 2006 and have built up an established and profitable business with high levels of repeat business of between 60-65% and have a season from March to October being closed at Christmas and the New Year.

The business has flat rate VAT and is rated by Trip Adviser as 5*.

The property is for sale due to retirement and the hoteliers promote their business via their own website, internet advertising and the South West Tourism website along with media advertising in the WI magazine as well as the CSMA magazine Boundless.

Minehead has a big draw due to being home to the West Somerset Steam Railway and is also the start of the South West Coastal path which is within walking distance via a footpath of the property.

The Hotel has key pad entry for guests. The tariff for the 2017 season is £105 per night for Dinner and Bed & Breakfast reducing for the length of the stay.

All of the letting bedrooms have tea and coffee making facilities, flat screen TVs and white bathroom suites. The letting rooms have central heating.

The hotel has a premises licence reference WSDC/LN/000001342 to serve alcohol and has business rates with a rateable value of £9,000 meaning that currently there are no business rates to pay in 2017 under the 2017 re-rating. The business does not take any pets and is adult only.

Trading information can be provided to bona fide purchasers.

  • 9 Bedrooms
  • Holiday Complex
  • House
  • Freehold
  • Minehead, Somerset, TA24
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