Rare freehold character B&B and licensed Tea Rooms located in attractive historic village. Set in plot of approx.0.225 acres.
An end-terrace property of stone construction under a part slate and part thatched roof. The property comprises two former cottages and post office/shop and is reported to date back to circa 1680. Within the plot is a landscaped terrace, off-road parking and mature private garden with water features. The entire plot extends to approximately 0.225 acres (0.10 hectares). We understand the approximate Gross Internal Area of the property is 270 Sq M (2,906 Sq Ft).
The Tea Rooms occupy part of the ground floor providing a characterful open plan area with up to 36 customer seats (without social distancing). The Tea Rooms benefit from separate access to Market Street as well as access to the garden terrace via the B&B reception foyer. Ancillary ground floor space includes the main kitchen, customer WCs and utility/storage area. The remaining ground floor area comprises a good sized owner’s living and dining accommodation and private WC/cloakroom.
Located on the upper two floors are 3 x en-suite Bed & Breakfast rooms and 1 x en-suite private owner’s bedroom. There is also a fifth bedroom/office/study and ample storage, linen / service cupboards throughout.
The external areas are well maintained with mature landscaping providing numerous attractive features. Immediately to the rear is a terraced patio tea-garden with ample space for approximately 34 garden seats. The remainder of the grounds are mainly private and include large expanse of lawn, pond, summer house and Mediterranean garden. There is driveway car parking to the side.
The present business was established in 1996. During this time it has been operated a “lifestyle business” trading for approximately 32 weeks of the year as per the vendor’s requirements. There is genuine scope to develop the business; opportunities include trading the businesses throughout the year and developing the food and beverage offering. The current owners operate the B&B and Tea Room business for only 32 weeks a year with the Teamroom open 5 daus / 3.5 hours per week which enables revenue to keep below the present VAT limit of £85,000. Both the B&B and Tea Rooms have received consistently strong online reviews (5.0 Tripadvisor and Booking.com 9.2 Traveller Review Awards 2020).
Nightly B&B room tariffs are as follows (en-suite 2019/2020) - Double (£105), Deluxe King (£115), Triple (£140) and Family (£170). Occupancy rates range from 66% in low season to 98% in high season. Further detailed revenue information is available, although will not be warranted.
Premises Licence & Opening Hours
The property has been granted a Premises Licence in accordance with the Licencing Act 2003. Permitted activities include sale of alcohol on the premises Monday to Saturday 10:00 - 23:00 and Sunday 12:00 - 22:30.
Tenure & Price
The premises are held freehold. We understand the side driveway is held on a long lease with approximately 80 years unexpired on a peppercorn rent. The guide price is £675,000 inclusive of fixtures and fittings.
Fixtures & Fittings
We understand that all trade fixtures and fittings are included as part of the sale price.
Rating & Council Tax
The shop and premises is listed in the 2017 Rating List with a Rateable Value of £4,692. No rates are payable under small business rates relief. The Domestic Council Tax band is E (£2,505 per annum).
For a formal viewing, please arrange via the sole selling agents, Savills. Please use discretion if visiting the premises as a customer. Please do approach the business of staff directly. All viewings must be conducted in adherence with prevailing Government and RICS guidelines.
|Floor / Unit||Type||Size||Status|
|Unit (Site Area)||-||2906 sq ft||Available|