10 bed terraced house for sale

Exmouth Road, Plymouth, Devon PL1

*£525,000 - £550,000*A substantial property overlooking Devonport Park, currently used as an established 8 letting room hotel with two spacious owners suits with potential to become a family home once again (subject to any required consents). Featuring a double garage, garden and generating approximately £76,000 gross p.a. On a room-only basis.

Description

A substantial and well established eight letting bedroom hotel occupying a prominent position on Exmouth Road, Plymouth overlooking the picturesque Devonport park.

Currently operating on a room only basis, the hotel generates an approximate gross annual income of £76,000 offering an excellent opportunity for those seeking a proven hospitality investment with further potential of increased revenue.

The property also benefits from two spacious owner's suites, allowing for comfortable on-site living, together with a double garage, attractive rear garden and generous accommodation throughout.

Whether you're an established operator looking to expand your portfolio or seeking a lifestyle business with proven income, this impressive hotel combines strong trading performance with substantial living accommodation.

Material Information

Tenure - Freehold
Council Tax Band- A
Local Authority- Plymouth City Council
Source Of Heating - Gas Central Heating
Source Of Electric - Mains Electric
Source of Water - Mains Water
Arrangement for Sewerage - Mains Sewerage
Parking - Garage and on street