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 23

Chy An Mor, 15, Regent Terrace, Penzance, Cornwall

Guest house for sale

£850,000

Freehold

A quite exceptional Grade II Listed period coastal guesthouse in a favoured part of Penzance, with up to 10 letting rooms, private owners accommodation, front and rear gardens / terraces, parking for 15 and a double garage.

Genuine sale for one of the Town's finest and well proportioned guesthouses.

Contact Graham Timmins : 07900 604078 or gt@miller-commercial.co.uk

  • PERIOD (GRADE II) COASTAL GUESTHOUSE
  • UP TO 10 LETTING ROOMS
  • 1 BEDROOM OWNERS ACCOMMODATION
  • SEASONAL OPERATION, SCOPE TO EXTEND
  • GARDENS / GARAGE, PARKING FOR 15 VEHICLES
  • CONSISTENT SALES / PROFITS
  • GENUINE REASON FOR SALE
  • EPC – B47

Property Brochure PDF Location Map

Virtual Tour

Summary

PERIOD (GRADE II) COASTAL GUESTHOUSE
UP TO 10 LETTING ROOMS
1 BEDROOM OWNERS ACCOMMODATION
SEASONAL OPERATION, SCOPE TO EXTEND
GARDENS / GARAGE, PARKING FOR 15 VEHICLES
CONSISTENT SALES / PROFITS
GENUINE REASON FOR SALE
EPC – B47

Location

Chy an Mor is situated on Regent Terrace, which is a favoured address in an historic part of Penzance, with a number of period residential / commercial properties and being within a short distance of the promenade and as such affording the properties beautiful far reaching coastal views.

Penzance is Cornwall’s most westerly town and is serviced by the main trainline and links to the Isles of Scilly, which is a major attraction for our clients business.

Penzance is a vibrant town, being the gateway to Penwith, and as such has a number of hostelries, galleries and main / niche retailers, primary, secondary and tertiary education.

Property

Chy an Mor is a handsome 4 storey period property with a later (c. 25 years) rear extension. The property is in our opinion presented to a very high standard in terms of maintenance and choice of decor. The 4th floor rooms (9 and 10) have recently been upgraded to a very high standard.

On the lower ground floor is the private owners accommodation.

In the off season our clients use a greater part of the property for their own use and indeed currentlly let 9 of the 10 rooms as Room 2 is used by a family member.

A significant selling point for this property / business is the large car park and garage (the latter could be used for additional accommodation, subject to relevant permission).

An internal inspection is highly recommended to appreciate the quality of this property.

Business

We understand a Guest House has operated from this property since the 1960’s and has been in our clients tenure since 2008, who are now looking to sell for semi-retirement. The business, through choice, opeartes from Easter / mid March, until mid /end October and has a mature clientele, with up to 50% repeat bookings.

Apart from the beautiful rooms and location a key selling point is the parking facility, which can be limited in this area.

The clients operate on the Flat Rate VAT scheme. The turnover for the year end April 2019 was £126,524 with a Net Profit of c. £75,000 pa; during year end 2020 our clients had some periods of closure , so the turnover was lower at £113,929 and returned a net profit of c. £46,000 pa. Further accounting information will be made to interested parties.

see our clients website for further information; www.chyanmor.co.uk

The Accommodation Comprises

All areas and dimensions are approximate.

NB – Copies of Floor Plans available upon request.

GROUND FLOOR

Entrance Hallway, giving access to lower and first floors, guests letting rooms and Guests Lounge.

Guests Lounge : A superb room with window to the front, marble surround fireplace with two alcoves either side.

LETTING ACCOMMODATION (All ensuite shower)

Bedroom 1 : Double, window to rear.
Bedroom 2 : Twin, window to rear (not let, used for family member)
Bedroom 3 : Superking / Superior, window to the front.

FIRST FLOOR

Bedroom 4 : Twin / Double, window to rear.
Bedroom 5 : Double, window to front.
Bedroom 6 : Double, window to front.
Bedroom 7 : Twin, window to front.
Bedroom 8 : Single, window to the rear.

SECOND FLOOR

Bedroom 9 : Double / Superior, dormer window to the front.
Bedroom 10 : Double, dormer window to the front.

NB : Rooms 9 and 10 have been subject to a high quality refurbishment programme recently.

On landing access to Storage area in roof eaves

Guests / Service Areas

LOWER GROUND FLOOR

From the hallway and also accessed externally is the Guests Dining Room, with tables and chairs for 18/20 covers. Door to front seating area.

Service area and leading to the Kitchen, with further Utility area and door to the rear yard.

Owners Accommodation

Lounge with doors to seating area; Double bedroom and ensuite shower. Bathroom.

Outside

Lawned garden area to the front with two lower ground seating areas. To the rear of the property are two terraces for our clients private use with a gate leading to a lane.

To the front of the property is the parking for up to 15 vehicles which is a major boon to this property and business.

Garage : Double garage with overhead storage, power and light and an electric door.

General Information

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

Energy Performance Certificate

Energy Efficiency Rating 47 / B

Tenure

Freehold Title Plan CL87791. Copy available upon request.

Advised no rights of way over the property. Adopted road that dissects our clients freehold Title and unadopted lane to rear of garage.

Business Rates

Rateable Value £11,000 at April 2017 as per VOA listing.

Services

Advised by clients :-

Water – Mains
Drainage – Mains
Gas – Mains
Electricity – Three Phase

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact Graham Timmins on 01872 247019.

Contact Information

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

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

Paul Collins on 01872 247019 or via email pc@miller-commercial.co.uk

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.

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