HIGHLY PROFITABLE HOSTEL AND BUDGET BED & BREAKFAST
Ref : H1511
Price
Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.
- Highly Profitable Hostel and Budget Bed and Breakfast facility
- Substantial period property convenient location close city centre Plymouth.
- 16 letting bedrooms, reception, kitchen/office, night porter’s room, garden and double garage
- Well established and exceptionally profitable concern
- Turnover approx. £331,000 p.a with Net Profit approx. £285,396 p.a.
- Unique opportunity. Great Investment opportunity. Viewing strongly recommended
This exceptionally profitable business occupies an enviable and prominent trading position in Alma Road, a busy arterial route leading to and from the main city centre of Plymouth which is only half a mile away. It backs on to Central Park which spans over 60 hectares of meadows and woodland and includes an adventure playground, skate park, and pitch and putt, whilst also being home to Plymouth Argyle. Plymouth’s main line railway station and expanding university are within easy walking distance. Due to its convenient central location, the business enjoys an exceptionally profitable year round trade.
Plymouth, with a population of over 250,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises briefly comprise two period terraced properties which for the main appear to be of traditional construction, with painted elevations under a pitched slate roof. The property has been well maintained and benefits from double-glazing and a gas-fired central heating system. All the letting bedrooms are of a good size. The property also has a double garage and additional car parking space to the rear for approx. 4 cars. An early viewing appointment is strongly recommended to fully appreciate the location and appeal of this well established and exceptionally profitable business.
Viewing
Our clients require that all viewings must be arranged by prior appointment through our offices. Telephone now on PLYMOUTH (01752) 20 60 20 (24hr answering service) when we will be pleased to make all your appointments for you, and bring you up-to-date with newly listed businesses.
Professional Services
We are also Specialists in Valuations for all purposes, Rent Reviews, Lease Renewals, Rating, Compensation, Planning, Property Management and Auctions. Contact our team of professionally Qualified Surveyors, Valuers and Auctioneers for all your requirements. Telephone us now on PLYMOUTH (01752) 20 60 20 (24hr answering service).
Mortgages
Contact our offices now for all your mortgage requirements. Plymouth (01752) 20 60 20.
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Office Address
Huntley & Partners
20 Luxus House
Forge Lane
Saltash
Cornwall
PL12 6LX