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)
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.
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.
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:-
3.93m x 2.01m. A beautiful entrance to the property with some seating and space for promotional literature etc. Door through to:-
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
NB : All rooms are en-suite showers.
Double, window to side.
Double, bay window to front elevation.
Double, bay window to front elevation.
Double, two windows to rear elevation.
Double, window to side elevation.
Twin, window to front elevation.
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:-
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.
5.73m x 4.36m. Built-in cupboard. En-suite shower, window to side elevation.
4.03m x 3.02m. Window to rear elevation.
3.46m x 3.51m (door to rear elevation), shower room.
3.09m x 3.92m (maximum measurements) of a regular shape, with base and wall units and washing machine and tumble dryer.
Located on the first floor.
5.95m x 2.42m. Window to side elevation.
Gardens to two sides and space for storage etc.
Tenure – Freehold
General Enquiries 0300-1234-100
Energy Performance Certificate
The Energy Performance Rating for this property is E44.
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.
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search
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
To be taken at valuation.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.
For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email email@example.com
or Paul Collins on 01872 247029 or via email firstname.lastname@example.org
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.