JD Commercial Property Directory

A DETACHED EDWARDIAN HOTEL WITH 9 LETTING BEDROOMS, OWNERS APARTMENT, ALL SET WITHIN ITS OWN GROUNDS

• Refurbished and renovated accommodation
• Works undertaken including new wiring, plumbing, en-suites, windows, decoration, commercial kitchen equipment
• 9 letting bedrooms, 8 en-suite, 1 with private facilities
• Owners apartment with kitchen, lounge and dining room
• Car parking and south facing sun terrace
• Rear garden and grounds
• Significant business with turnover in the region of £180,000
• Two restaurants / dining rooms suitable for functions, events etc
• Services : Mains water, gas, electricity and drainage

LOCATION

Bideford is the administrative centre of the Torridge area and has a static population in the order of 13,000.  Barnstaple, the sub-regional centre of North Devon, lies approximately 9 miles to the east, with access along the North Devon Link Road to the M5 at Tiverton.  Barnstaple has a static population in the order of 25,000 with a shopping catchment population of 141,000.

THE SITUATION

The subject property is easily found in its elevated edge of town location, less than 1 mile from the A39 Link Road.  Given its elevated location many of the rooms and outside areas have views over the river Torridge and the town of Bideford.  With its edge of town location the property is a short drive / walk from many of the amenities the town has to offer including park, quayside area, supermarkets, public houses, shops and restaurants.

THE PROPERTY AND CONSTRUCTION

The property is situated within its own grounds of circa 0.75 acres, these grounds are long established with several mature trees, shrubs, floral borders and lawns.   The main building is of significant lofty proportions typical of the Edwardian period with many features remaining in situ including bay windows, south facing veranda, ceiling coving and cornicing etc.  The detached premises have been constructed on a split level site giving two storeys to the front and three storeys to the rear, all with rendered elevations under a pitched slate roof.  Depending on new owners requirements the premises can be traded with 7 – 9 letting bedrooms, 8 en-suite and one with private facilities, as there are two letting bedrooms to the rear ground floor with can be utilised for letting or incorporated into the owner’s apartment.  This floor also has owner’s private bedroom, bathroom, kitchen, lounge and dining room, with the majority of the letting accommodation on the first floor.  Many of these rooms have been refurbished over the last couple years with new en-suite facilities, redecoration and furniture.  The main ground floor entrance is accessed via a sun terrace / veranda off the main car park to the front of the property.  Our clients have established a significant restaurant trade in conjunction with the hotel trade and have developed two restaurant areas which can provide covers for circa 80, making them suitable for functions, events, meetings and weddings.  During our clients ownership they have undertaken much work to the fabric of the building including new electrics, plumbing, en-suite bath / shower rooms, windows and decoration.

THE PROPOSAL

Our clients are invited offers for the freehold interest. 

THE BUSINESS

Having been owner operated by our clients since 2006, when the establishment was traded as a Bed and Breakfast, our clients have increased the trade on the letting accommodation whilst also establishing a restaurant trade, operating under the name of “Encore -  a taste to return for”.  Year end 2009 produced a turnover of approximately £143,000 with the latest year end expected to show an increase to £180,000, mainly due to the restaurant becoming more established.  Further business could be achieved with the letting of bedrooms 8 & 9, which our clients use for their own personal use.  The business is owned by a husband and wife partnership with a chef employed as well as assorted part time staff including waiting staff, house keeper and kitchen hand.  The business will be sold with two websites:- www.bidefordhotel.com and www.bidefordrestaurant.com.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with the benefit of a full inventory of trade fixtures, fittings and equipment.

LICENCE

The property enjoys a Premises Licence. A Personal Licence will be required to sell alcohol.

THE ACCOMMODATION in brief (comprises)

GROUND FLOOR

Double doors to entrance lobby with radiator heating and parquet flooring

RECEPTION AREA
Parquet flooring, radiator and cover, spot lit bar servery, till, coffee machine, music system, stainless steel sink unit, chiller fridge, mirror optics shelving.  Patrons toilet with low level w.c. and wash hand basin

RESTAURANT
31`0 x 30`0 (9.45m x 9.15m) L shaped room, parquet and carpeted flooring, radiator heating, dado rail, ceiling rose and coving, bay window, fitted blinds, soft seating area, piano, side dresser, coffee percolator, set for 32 covers can seat circa 50.

BREAKFAST ROOM / RESTAURANT 2
28`5 x 15`3 (8.65m x 4.65m)  Laminate flooring, table and leather chair seating for circa 28 covers, fireplace with wood surround, slate hearth, gas fire, bay window, dado rail, ceiling rose and coving, 2 x double doors to veranda / sun terrace, views overlooking garden and river

KITCHEN
Stainless steel double drainer sink unit, wash hand basin, stainless steel shelving, counter freezer, 3 x counter fridges, electric grill, extraction system, non slip flooring, steel and plastic clad walls, 2 deep fat fryers, 4 burner gas oven, 2 commercial microwaves

FIRST FLOOR

LANDING
Carpet, chandelier light within stairwell, dado rail, radiator heating, picture window within stairwell overlooking rear garden, linen cupboard and loft access

BEDROOM 1
15`0 x 14`8 (4.55m x 4.45m) Family, carpet, radiator heating, garden and river views, 3 piece en-suite bathroom with part tiled walls, radiator heating, shower over bath

BEDROOM 2
11`2 x 9`7 (3.40m x 2.90m) Double, radiator heating, carpet.  Private 3 piece bathroom, radiator heating, shower over bath

BEDROOM 3
16`2 x 8`1 (4.90m x 2.45m) Twin, carpet, radiator heating, river views, 3 piece en-suite bathroom, part tiled walls, radiator heating

BEDROOM 4
18`11 x 14`4 (5.75m x 4.35m) Double, carpet, radiator heating, bay window, 3 piece corner shower room

BEDROOM 5
15`6 x 14`8 (4.70m x 4.45m) Family, carpet, radiator heating, river views, 3 piece en-suite bathroom, part tiled walls

BEDROOM 6
15`6 x 10`2 (4.70m x 3.10m) Double, carpet, radiator heating, garden and river views, 3 piece en-suite bathroom, part tiled walls, heated towel rail, shower attachment

BEDROOM 7
Single, carpet, radiator heating, river and garden views, 3 piece en-suite shower room

REAR GROUND FLOOR
Access via stairs from ground floor:-

BEDROOM 8
14`6 x 12`2 (4.40m x 3.70m) Double, carpet, walk in wardrobe, garden views, radiator heating, 3 piece shower room, tiled walls and floor

BEDROOM 9
14`7 x 11`3 (4.45m x 3.40m) Carpet, radiator heating, 3 piece bathroom, shower attachment, part tiled walls, radiator heating

BOILER ROOM
Water tank, digital boiler, Miele washing machine, tumble dryer, roll top sink unit

OFFICE
12`10 x 8`8 (3.90m x 2.65m) Laminate floor, radiator heating, spot lighting, garden views

PRIVATE KITCHEN
Eye and base units, worktops, spot lighting, garden views, dishwasher, 4 burner electric oven

DINING ROOM
14`11 x 10`4 (4.55m x 3.15m) Laminate floor, spot lighting, radiator heating

LOUNGE
11`4 x 10`4 (3.34m x 3.15m) Carpet, radiator heating, spot lighting

OWNERS DOUBLE BEDROOM
Carpet, radiator heating

BATHROOM
3 piece bathroom with electric shower over, tiled walls

OUTSIDE

To the front of the property is car parking and small garden area, overlooked by the elevated veranda / sun terrace of the hotel which has table and chair seating as well as flag stone floor.  The rear of the property provides extensive garden area which is predominantly laid to lawn with mature trees, shrubs and floral borders.  There is ancillary storage to the rear if the property by way of a covered recycling store and freezer store with 3 x freezers, 3 x fridges and ice machine.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk