THE BLUE SEAS HOTEL 13 Regent Ter Services hôteliers 7 chambres 956 853 € (136 693 €/Chambre) Penzance TR18 4DW

Freehold available for sale at a guide price of £825,000 plus sav.
Blue Seas guest house has been subject to a carefully planned refurbishment campaign by the current proprietors and now offers high quality guest accommodation which briefly includes, entrance vestibule; welcoming reception hall; guest lounge, taking in a sea view; a sizeable dining room; equipped kitchen; utility room; and up to eight beautifully appointed en-suite guest bedrooms, four of which take in the sea views towards Mounts Bay. The versatile owners’ accommodation includes a private lounge; study; shower room and three bedrooms. A prospective purchaser may choose to take the entire second floor as owners’ accommodation, so incorporating another ensuite bedroom. Our clients currently utilise Room 3 as a laundry room which has a bathroom they use also. All rooms to the front enjoy the superb, elevated sea views.
Externally, to the rear is an enclosed courtyard garden for the owners’ use, adjacent to the utility room is a store room, and to the front is a generous, south facing lawned garden with some outside seating for guests to enjoy. Across the access lane is a private car park for up to nine vehicles. We are sure discerning purchasers will appreciate that this high quality guest house offers a genuine opportunity to acquire an established lifestyle business with a good balance of quality guest and owners’ accommodation in a desirable trading location close to the sea front, town centre, gardens and railway station.
Our clients, now wishing to retire after owning this quality guest house for some 25 years, principally trade Easter to the end of October. The trading profit and loss accounts for year end 31 March 2024 showed a turnover of £132,396, producing an adjusted net profit in the region of £60,000 per annum. It is worth noting that our clients generate their bookings from repeat custom and their own website, so potential does exist to enhance this already successful business by utilising external booking sites. Also, the sales above are derived from the letting of seven guest bedrooms, so reintroducing the eighth en-suite guest bedroom will certainly boost sales further. In the normal manner, further detailed accounting information will be made available to seriously interested parties following a viewing appointment.
Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.