Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

For Sale
1 of 10

Holbein House, Alexandra Road, Penzance, Cornwall

Guest house for sale

£695,000

Freehold

Totally Refurbished GUESTHOUSE over 4 floors in one on PENZANCE'S finest roads. With 6 rooms / suites, extensive owners accommodation, this is surely one of the best B&B's on sale. Internal Viewing to appreciate the quality recommended.

  • BEAUTIFULLY REFURBISHED AND PRESENTED GUEST HOUSE
  • CLOSE TO PENZANCE SEA FRONT AND TOWN
  • 6 DOUBLE / TWIN ROOMS (EN-SUITE)
  • 3 BEDROOM OWNERS ACCOMMODATION, WITH LARGE LOUNGE AND KITCHEN
  • SEASONAL / LIFESTYLE BUSINESS (EASTER THROUGH TO OCTOBER)
  • EPC: E44

Property Brochure PDF Location Map

Summary

BEAUTIFULLY REFURBISHED AND PRESENTED GUEST HOUSE
CLOSE TO PENZANCE SEA FRONT AND TOWN
6 DOUBLE / TWIN ROOMS (EN-SUITE)
3 BEDROOM OWNERS ACCOMMODATION, WITH LARGE LOUNGE AND KITCHEN
SEASONAL / LIFESTYLE BUSINESS (EASTER THROUGH TO OCTOBER)
EPC: E44

Location

Holbein House is situated on Alexandra Road, one of the principal roads for guest accommodation in Penzance and arguably one of the more favoured given its wide avenue feel with mature trees .Penzance is a thriving good size town with mainline railway link and foot passenger ships to the Isles of Scilly, the popular harbour and seafront and a well serviced town in terms of national and niche retailers and food and beverage outlets.

Holbein House provides an excellent location to explore both the town and the seafront and for onward travel to the Isles of Scilly and indeed and small coves and small harbour towns in West Penwith.

The Property

Holbein House is a grand end of terrace Victorian property dating back we understand to 1886, arranged over 4 floors, with our clients accommodation being on the lower ground floor, the guests/owners reception rooms on the ground floor and the letting bedrooms on the second and third floors. The property has been subject to a whole complete refurbishment programme in 2016 under architect’s supervision and which is we are advised had an expenditure of circa £200,000. Therefore, the property is in our opinion presented both externally and internally to an extremely high standard and will be appreciated by the most discerning of prospective purchasers.

The Business

Holbein House has traded as a guest house for various periods in its history and was brought back to life as such following its refurbishment in 2016, when it was remodelled to provide 6 very large and sumptuous guest letting rooms to suit our client’s needs who wish to operate on a seasonal basis, i.e. Easter through to the end of October, which is their trading year. The business is run by our husband and wife clients, with some part-time assistance as and when required and is now being sold due to job commitments away from this sector.

We are advised the business trades up to the current VAT threshold and after all expenses has an adjusted net profit in the region of circa £40,000 per annum, which is typical for this type and style of operation. Obviously, the potential exists to expand the season and therefore turnover and profit should a new purchaser require.

For further information regarding our clients’ business please see their website www.holbeinhouse.com

The Accommodation Comprises

(all areas and dimensions are approximate)

Steps up to:-

Entrance Porch

3.93m x 2.01m. A beautiful entrance to the property with some seating and space for promotional literature etc. Door through to:-

Entrance Hallway

A beautiful wide hallway with a desk and which leads into the inner hallway giving access to the guests dining room, owners’ lounge and kitchen.

Guests’ Dining Room

6.09m x 3.77m. A beautiful bay window to the side elevation overlooking the garden, stripped floor, built-in shelving. Large table and chairs for circa 10/12 covers. Feature fireplace and ceiling lighting.

Schedule Of Letting Accommodation

First Floor

Large landing.

NB : All rooms are en-suite showers.

Room One

Double, window to side.

Bedroom Two

Double, bay window to front elevation.

Bedroom Three

Double, bay window to front elevation.

Bedroom Four

Double, two windows to rear elevation.

Second Floor

Bedroom Five

Double, window to side elevation.

Bedroom Six

Twin, window to front elevation.

Owners’ Accommodation

Lounge

6.18m x 5.35m. Accessed off the ground floor inner hallway, a beautiful room with a bay window to the front elevation, working fireplace, wooden shelving on one wall and a stripped floor.

From the inner hallway into:-

Kitchen

5.17m x 4.09m. Windows to two sides, stripped floor (painted). Equipment to include 5 ring gas cooker, with double oven below and extraction over. Wooden work surfaces, stainless steel drainer unit, double built-in fridge and freezer, built-in dishwasher, inset spotlights.

Stairs down to:-

Lower Ground Floor

Door to front elevation giving access to boot room storage area.

Bedroom One

5.73m x 4.36m. Built-in cupboard. En-suite shower, window to side elevation.

Bedroom Two

4.03m x 3.02m. Window to rear elevation.

Bedroom Three

3.46m x 3.51m (door to rear elevation), shower room.

Laundry Room

3.09m x 3.92m (maximum measurements) of a regular shape, with base and wall units and washing machine etc.

Office

Located on the first floor.
5.95m x 2.42m. Window to side elevation.

Outside

Gardens to two sides and space for storage etc.

Tenure – Freehold

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is E44.

Inventory

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.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Stock

To be taken at valuation.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] 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.

VIEWING: Strictly by prior appointment through Miller Commercial.

Interested in this Property?
Connect with our Expert

Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF