The Park Grove Hotel At Falmouth

Written by Theresa Tyack Tuesday, 20 July 2010 11:47

Park Grove Hotel, Falmouth is a 2-Star Rated hotel which first traded in 1947 and has come to the market for the first time in 37 years of ownership. The fully furnished hotel is available off a freehold guide price of £775,000 plus stock at valuation. Located on Kimberley Park Road, it is located on one of the main thoroughfares leading to the centre of the harbour resort and within an easy walk of the town centre and magnificent waterfront and beaches.

To the rear is the splendid Kimberley Park which shows its splendour at Springtime. The business offers 17 en-suite letting bedrooms, which are currently configured to provide 5 family rooms, 6 twin rooms, 5 double rooms and 1 single room. The hotel benefits from superb public rooms, including a guest lounge, bar lounge and a well proportioned function room/restaurant. There is parking for circa 16 vehicles to the rear, as well as a small lawned area, with small terraced gardens to the front.

The hotel trades strongly with recent audited accounts showing sales of £182,000 with a 77% gross profit margin. Full accounting details will be made available to bona-fide applicants.

Russell Weetch, Head of Hotels, Licensed & Leisure comments, "Park Grove Hotel has proven popular with thousands of guests down the decades, who have holidayed in the ever popular resort of Falmouth. It now needs new owners to take it forward into the second decade of the 21st century and our agency recommends an early viewing".

For full details contact Russell Weetch on 01872 247005   View Property Details

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