ELEGANT VICTORIAN COASTAL HOTEL

Ref : H392

Price

Freehold : Offers in the Region of :: £795,000.00 SAV SOLE AGENTS

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.

  • Impressive Grade II Victorian coastal hotel.
  • Prime trading position adjacent to Plymouth city centre, Hoe Promenade and Barbican.
  • Sixteen quality en suite letting bedrooms plus three/four bedded owners accommodation.
  • Dining room, lounge/bar, reception and commercial kitchen.
  • Valuable private customer car parking to both front and rear.
  • Historic turnover approx. £164,000 per annum.
  • Currently trading on B&B basis only with excellent potential for future development.
  • Retirement sale after 18 years.
  • Unique opportunity. Viewing essential.

The Drake Hotel is located in a prime and highly sought after trading position only a short walk from the famous Plymouth Hoe, which itself enjoys magnificent views over Plymouth Sound, Drakes Island, Mount Edgcumbe and the surrounding coastline.  Indeed, Plymouth Hoe is world famous and the unsurpassed sea views are probably some of the finest anywhere in the country.  The Hotel enjoys arguably one of the premier trading positions in the principal holiday and commerical letting area of Plymouth and it has over the years enjoyed an excellent and consistent year round commercial and holiday trade.  It is only a short walk to the city centre with its modern shops, theatre and new multiplex cinema and entertainment centre and the historic harbourside Barbican area.  In turn, the cross channel ferry terminal at Millbay is only a short drive away. 

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. 



This impressive Grade II Listed Victorian property is believed to have been built circa mid 19th century.  It appears to be of stone construction with rendered and painted elevations under a pitched slate roof.  In turn, a substantial modern extension was added to the rear which provide six en suite letting bedrooms together with a combined kitchen, lounge and dining area.  This area can be self-contained and has, in previous years been utilised as student accommodation to generate a healthy rental income.  Under the present ownership, the property has been well maintained and sympathetically modernised with care taken to maintain many of its original features with the property retaining much of its original charm and elegance.  An early viewing appointment is strongly recommended to fully appreciate the location, appeal and undoubted future trading potential of this reputable and well established concern.

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)