WELL APPOINTED 5 BEDROOM GUESTHOUSE
SUPERB PRIVATE OWNERS ACCOMMODATION
CLOSE TO SIDMOUTH TOWN AND SEAFRONT
GUESTS DINING ROOM (10 COVERS)
T/O c. £73,500, NET PROFIT c. £42k PA
GENUINE RETIREMENT SALE
Lynstead House is situated a short distance from the town centre and seafront of this popular and ornate coastal town, on the Jurassic Coast, which has World Heritage status. The town has a wide range of independent shops and national retailers and is approximately 16 miles from Exeter for larger retailers, amenities and the main M5 and connecting A roads.
Sidmouth is an attractive town, famous for its red sand cliffs and ornate Regency architecture and gardens, annual Folk Festival held in August and access to the World Heritage Coastline.
From the rear, Lynstead House overlooks the River Sid and The Byes, a most pleasant parkland running through Sidmouth.
We understand the mid terrace 3 storey property dates back to 1890 with a later extension and today provides well appointed private owners accommodation on the ground floor and 5 sizeable letting rooms on the first and second floors, all ensuite and 3 with own seating areas.
A delightful addition to the main property is a charming (detached) garden accessed over the rear car park which fronts the River Sid and overlooks The Byes parkland.
In our opinion the property, both internally and externally really is presented and maintained in excellent condition, which will be evident upon a viewing appointment.
We understand a Bed and Breakfast has traded on this site since the late 1980’s, has been in our clients tenure for the past 6 years during which time they have continually invested in the property and built a solid strong business, operating as B&B only, with no staffing requirement, operating all year with the exception of some closure in the off season.
The business shows consistent sales and for the latest year (March 2020) had a turnover of £73,512 (not Vat registered) with a Gross Profit level of 91% and an adjusted net profit of £41,659 (after all overheads). Further accounting information will be made available to interested parties.
For further information regarding our clients property please see their website www.lynsteadhouse.co.uk, where you will be able to see the rooms and locality, including some film footage.
The Accommodation Comprises (all Areas And Dimensions Are Approximate)
Front door into lobby and wide entrance hall giving access into the Guests Dining Room, Owners Accommodation and stairs ascending to the Letting rooms.
Guests Dining Room
An attractive room, with a bay window to the front elevation, feature fireplace. Tables and Chairs for 10 covers. Radiator.
Located on the Ground Floor and with total privacy the self contained Owners Accommodation can also be accessed from the rear of the property and in our opinion is very well appointed and a major advantage for the sale of this business and home.
Off the hallway, door to Owners Lounge : A very pleasant room with a feature fireplace with surround and built in bookcase, TV cabinet, leading to the Conservatory allowing light to flood this part of the property, with a tile floor, radiator.
French doors from the Conservatory into a Dining Room / Office area, with further door to the hallway and ample space for a dining table and chairs. Through to the Kitchen; a very well appointed modern kitchen with matching base and wall units, a Flavel 7 ring gas cooker and double oven, hot cupboard and built in dishwasher. Window to the side. Utility area, with washing machine and tumble dryer, further dishwasher, shelving, hand wash basin and window to side.
From kitchen through to inner hallway, with built in wardrobes, leading to a double bedroom, with windows to the side and rear and with a well appointed ensuite shower room.
Schedule Of Letting Accommodation
Laundry room, racking for towels, bedding and linen. Wall mounter Boiler (Worcester) and Megaflow water tank.
Bedroom 1 : Twin / Superking, windows to side and rear with views over the The Byes River and Parkland, ensuite shower.
Bedroom 2 : Double, window to the rear elevation, ensuite shower.
Bedroom 3 : King size with en suite, bay window to front plus, private sitting area with TV and window to front.
A half landing window / fire escape to the rear.
Bedroom 4 : Double, window to the rear, ensuite shower.
Bedroom 5 : King size with seating area, dormer window to the front, access to loft (pull down ladder, part boarded, light, not inspected).
Parking : To the rear of the property is parking for the owners and guests, 6 spaces in total.
Courtyard and Garden : Access via conservatory door or side kitchen door is the charming courtyard area for our clients and also provides rear access to the property from the parking.
Across from the property is a charming garden area (approx 6m wide and 25m in length) which is accessed via several steps and comprises a shed (with power and light) seating and lawned areas, swing seat and patio. The garden fronts the River Sid and overlooks The Byes parkland, making this a very pleasant garden.
East Devon District Council
Blackdown House, Border Road
Heathpark Industrial Estate
Freehold : Copy of Land Registry available upon request.
Energy Performance Certificate
The Energy Performance Rating for this property is C61
An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.
Under the Valuation Office Agency website this property is no longer listed for Business Rates (previous Rateable Value to 2013 was £3750, so below Rates Payable threshold), our clients part of the accommodation is Council Tax A Band we are advised.
Advised by clients:-
Mains Gas (Central Heating)
Interested parties should make their own enquiries to Suppliers.
Value Added Tax
We are advised the business is not Registered or Elected for Tax.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the numbers below.
For further information or an appointment to view please contact either:-
Graham Timmins on 01872 247019 or via email email@example.com or
Paul Collins on 01872 247029 or via email firstname.lastname@example.org
VIEWING: Strictly by prior appointment through Miller Commercial.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.