Lydgate House Hotel, Postbridge, Dartmoor FOR SALE - 6th July 2010

Detached country house hotel set in 36 acres in the heart of Dartmoor National Park with spectacular moorland views.

Set in its own 36 acres and approached by a private lane, the Lydgate House Hotel is an exceptional property and business, which overlooks the East Dart River and valley on Dartmoor. It offers perfect peace and quiet and has direct access onto the moor. A Victorian property, with seven high quality en-suite letting rooms, it is now for sale through licensed and leisure property specialists Stonesmith of Exeter.

The Lydgate House Hotel is a privately run country house hotel with a strong year round trade and an established reputation, which ensures excellent levels of repeat and word of mouth business. Set in a highly sought after location the owners run the business to suit their own family lifestyle and trade for around 11 months of the year. They presently offer bed and breakfast 7 nights a week and evening meals 5 nights. The quality of their service and accommodation has led to the hotel being selected by the Good Hotel Guide and it is featured in the Michelin Guide and Alistair Sawday’s Special Places To Stay.

While the business has a healthy turnover there is still scope for growth. The owners admit that there may be a demand for meals 7 nights a week and the potential to re-establish the tea gardens, which were a great success for the previous owners. There is also an opportunity to open the restaurant to non residents for evening meals etc.

A substantial detached property the hotel is set in an elevated position with spectacular views over Dartmoor National Park and the East Dart River. Built in the early 1900’s the property has been extensively refurbished and therefore beautifully presented and furnished to a high standard throughout.

The property offers 7 individually styled en-suite letting rooms, a guest bar, conservatory dining room, fully equipped kitchen and separate owners accommodation with 3 bedrooms and a lounge.

Standing in 36 acres, externally it provides woodland, pastureland, paddocks, formal terraced gardens, a decked area with an adjoining sun terrace and barbecue area, parking and 3 barns, for which two have planning for conversion into further owners accommodation, two luxury letting suites or conference facilities.

As with the majority of business properties within Dartmoor National Park the Lydgate House Hotel is subject to the favourable terms of a Duchy of Cornwall lease, for which Stonesmith are looking for offers off an asking price of £535,000.