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Paul Collins Commercial Surveyor View Profile

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Call: 01872 247029
Email: pc@miller-commercial.co.uk

For Sale
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The Cimon, 82, Abbey Road, Torquay, Devon

Hotel for sale

£895,000 Guide price

Freehold

This is a wonderful opportunity to acquire a beautifully presented period guest house boasting 12 letting rooms (many with coastal views) and flexible 3 bedroom owners' accommodation, being just moments from the harbour and town centre. A feature of particular note is the properties outdoor heated swimming pool.

  • WELL APPOINTED COASTAL GUEST HOUSE
  • 12 EN-SUITE LETTING ROOMS
  • FLEXIBLE 3 BEDROOMED OWNERS’ ACCOMMODATION
  • STRONG TRADING FIGURES
  • EARLY VIEWING STRONGLY RECOMMENDED
  • EPC: D77

Property Brochure PDF Location Map

WELL APPOINTED COASTAL GUEST HOUSE
12 EN-SUITE LETTING ROOMS
FLEXIBLE 3 BEDROOMED OWNERS’ ACCOMMODATION
EXCELLENT TURNOVER & PROFITABILITY
RECIPIENTS OF THE TRIPADVISOR TRAVELLERS CHOICE AWARD 2018
EPC: D77

Situation

The Cimon is situated on Abbey Road in the popular coastal resort of Torquay. Torquay needs little introduction as one of the South West’s most popular tourist destinations and attracts hundreds of thousands of visitors each year with numerous attractions close by including Paignton Zoo, The Princes Theatre and Kents Cavern with the surrounding area boasting some of the most picturesque coastline within the region much of it accessible via the South West Coastal Footpath.

Whilst the English Riviera enjoys an obvious uplift during the main tourist season in recent years the shoulder months and indeed the winter itself have become extremely busy with many European and retired visitors coming to the area. The Cimon is ideally positioned for guests being just a short walk to the town centre, harbour and the majority of the aforementioned attractions.

Description

The Cimon has been in our clients’ tenure for approximately 4 years during which time they have sympathetically restored this elegant period building which now boasts well appointed en-suite letting rooms, a wonderful guests’ lounge and a breakfast room/conservatory with a feature of note being the property’s heated outdoor swimming pool which is something of a boon for an establishment of this size within the region. The Cimon also benefits from WIFI throughout the building.

The owners’ accommodation is highly flexible and currently boasts 3 bedrooms and could easily be reconfigured to provide 2 separate sets of living accommodation for extended family/live-in staff requirements.

The business is operated by our clients as a husband and wife team for approximately 11 months of the year with the assistance of part-time staff in high season.

The turnover for the year ending 30th June 2019 was in the region of £180,000 which resulted in a net profit in excess of £55,000. Full accounting information will be made available subject to a viewing appointment in the usual manner.

For more information about The Cimon and the surrounding area please visit our clients’ website www.thecimon.co.uk or www.englishriviera.co.uk

The Accommodation Comprises

All areas and dimensions are approximate)

The 12 letting bedrooms all benefit from en-suite shower rooms or bathrooms, tea and coffee making facilities and come fully furnished with a number of the rooms enjoying far reaching elevated views across Torbay.

Schedule Of Rooms

Room 1

Large family suite, sleeps 5.

Room 2

Large family room, sleeps 4.

Bedrooms 3 And 6

Superior doubles.

Bedroom 4

Compact double.

Bedroom 5

Superior suite.

Bedrooms 7 & 8

Standard Doubles

Bedroom 9

Double room with balcony.

Bedroom 10

4 poster room.

Bedrooms 11 And 12

Superior sea view rooms.

Ground Floor

Situated on the ground floor is a delightful conservatory/breakfast room overlooking the swimming pool and terrace with tables and chairs for approximately 30 covers within which is situated the bar servery. Accessed from the aforementioned is the recently renovated guests lounge which has quickly gained popularity with guests as a place to relax and socialise during the evenings.

The Owners’ Accommodation

As previously alluded to, the private accommodation is highly flexible and currently allows for 3 bedrooms but this could easily be amended to provide 2 x 1 bedroomed apartments for the owners plus extended family or live-in personnel. For further details please see the attached floor plan.

General Information

LOCAL AUTHORITY
Torbay Council
Town Hall
Castle Circus
Torquay TQ1 3DR
Tel: 01803 201201
Planning: 01803 207801
www.torbay.gov.uk

Energy Performance Certificate

The Energy Performance Rating for this property is D76.

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.

Premises Licence

The business currently holds a premises licence in respect of the sale of liquor for consumption on and off the premises.

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:-

Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk or

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.

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Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF