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Detached Licensed Hotel for Sale

Devon


11 bedroom

Leasehold : 50,000

Outstanding position overlooking the bay, SOUTH DEVON

The vendor acquired the site approximatey 6 years ago and intended to demolish the building and erect a new build, combined apartment and hotel scheme. Having obtained the planning permission the scheme was aborted due to the recession and in the autumn of 2009 the vendor decided to refurbish the building which had been empty since he acquired it. Having completed the refurbishment 'The Hope Cove' opened as an exclusive use Party Venue in September, 2010. Bookings for the venue are generated through the vendors business www.classiccountryhouses.com and a commission arrangement is in place. The vendor is happy to continue marketing 'The Hope Cove' under a commission arrangement, should the purchaser be interested in continuing this relationship.

Tenure: PREMIUM REQUIRED FOR THE NEW LEASE, FIXTURES, FITTINGS & FURNISHINGS 50,000 subject to contract
Loan possible to an approved applicant
 
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927 Advert ID 32210    Sellers Ref : H7807/BSOL

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