Licensed Guest House, Cherwood, Paignton FOR SALE - 8th July 2010

High quality licensed guest house with 9 letting rooms

An attractive and substantial three storey property, Cherwood Guest House in Paignton is an impressive licensed guest house. It offers 9 individual en-suite letting bedrooms and is presented to a high standard throughout. The business is now for sale through licensed property specialists Stonesmith of Exeter.

Cherwood is a well established privately run guest house business which has been completely refurbished and upgraded by the present owners over the past 9 years. Through personal choice the owners only trade for 6 months of the year but enjoy a good level of repeat trade. Consequently there is scope to increase all aspects of the trade with longer opening hours. It is also run on a bed and breakfast only basis with additional revenue being generated from the licensed bar.

The business has been awarded 4 stars and a silver award for quality from Visit Britain and has its own web site www.cherwood-hotel.co.uk, which produces good levels of enquires and business.

The property is situated close to Paignton’s sea front and town centre and is a short walk from the sandy beaches, historic harbour, pier and multiplex cinema. It is also a good base for tourists wishing to visit Torbay, Dartmoor National Park and the many surrounding attractions within the Westcountry.

Cherwood briefly provides 9 well appointed en-suite letting rooms, which can sleep a maximum of 21 guests. There is also a residents lounge bar, dining room, children’s games room, kitchen and laundry room. The owners accommodation provides 2 double bedrooms, a lounge and separate bathroom.

Outside to the front of the property there is a small enclosed walled garden with seating for the residents and to the rear there is an enclosed patio with a rear access.

Cherwood provides an excellent opportunity for first time business buyers looking to enter the hospitality trade and is worth a full internal inspection.

A freehold business Stonesmith are looking for offers off an asking price of £399,950