Freehold 10 Bedroom Boutique Bed & Breakfast Located In Looe

Freehold 10 Bedroom Boutique B&B Located In Looe
Includes 2/3 Bedroom Owners Accommodation
Booking.com 96%
Ref 2632

Location
This well positioned Boutique Bed & Breakfast is located in the highly desirable harbour town and fishing port of East Looe in South East Cornwall. Its prime location overlooking Looe Valley gives easy access to the many visiting tourists. Looe manages to be trendy and yet remains a great family resort with many restaurants and shops to visit all year round. Looe is 20 miles west of Plymouth and seven miles south of Liskeard, divided in two by the River Looe, East Looe and West Looe being connected by a bridge. A passenger ferry is also available when the tide permits.

Freehold Asking Price: £1,250,000 plus SAV (1,000)

Business Description
Veritas Business Sales are delighted to offer for sale a truly magnificent 10 Bedroom Boutique Bed & Breakfast which is located in East Looe. This bay fronted detached manor is one of Looe’s finest properties and has been operating as it is for over 70 years and has been in the careful hands of the current owner for the past 7 years. Reluctantly the business is now being offered for sale so that they can enjoy a well deserved retirement.
The property is kept to a very high standard and since ownership they have continually refurbished and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser. Commonwood Manor is owner operated with the help of 2 part time members of staff and has an annual turnover of circa £84,000. (The owners have only been utilising 4 guest rooms during the last 12 months due to COVID, the turnover for the previous years was circa £143,000). Room tariffs are £145.00 for a super-king en-suite all year round. Prices are per room per night on B&B basis and all rooms are en-suite and benefit from gas fired central heating, colour TVs, Wi-Fi and complimentary tea & coffee making facilities.
The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade from visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Ground Floor
Entrance/Hallway (3.6m x 7.8m) with sofa.
Reception (2.2m x 3.0m).
Lounge/bar (4.2m x 8.1m) with 4 leather armchairs, settee, 1 coffee table, bar area, feature fireplace, chaise longue, glass washer (Hobart), wine fridge, glass drinks fridge and various lamps.
Sitting room (4.2m x 4.7m) with feature fireplace.
Restaurant (5.7m x 4.8m) with tables & chairs to cover (30).
Kitchen (5.3m x 6.8m) with fitted kitchen wall & base units, centre island, toaster and 3 built in ovens (Bosch), built in dishwasher (Bosch), built in hob (Bosch) and built in fridge (Bosch)
Prep room (3.3m x 3.8m) with various shelving, 2 upright freezers, (True & Beko) and pass through dishwasher (Hobart).
Toilet (1.5m x 2.1m).
Food store (2.0m x 4.0m) walk in fridge (Porka) and heated server.
Laundry room (1.90m) x (2.72m) commercial washer (Whirlpool), commercial dryer (Whirlpool) and ice making machine (Scotsman).
Library (4.8m x 6.2m) with various chairs
Office (2.9m x 3.8m) with desk and storage cabinets.
Storeroom (2.0m x 2.3m).
Storeroom (2.9m x 1.8m).

EPC Rating C

First Floor
Accommodation
Bedroom 1 (3.1m x 2.6m) single with en-suite.
Bedroom 2 (4.2m x 4.5m) super king with en-suite.
Bedroom 3 (3.5m x 3.2m) double with en-suite.
Bedroom 4 (4.2 mx 5.7m) super king with en-suite.
Laundry cupboard.
Laundry cupboard.
Bedroom 5 (4.2m x 4.1m) super king with en-suite.
Bedroom 6 (4.2m x 3.1m) double with en-suite.
Bedroom 7 (4.2m x 3.5m) super king with en-suite.
Bedroom 8 (3.9m x 3.0m) super king with en-suite.
Bedroom 9 (3.2m x 5.5m) super-king with en-suite and a balcony with stunning views.

Second Floor
Bedroom 10 (4.0m x 4.5m) super king with en-suite.

All guest bedrooms come with flat screen TV’s and tea & coffee making facilities

Owners Accommodation
First Floor
Bedroom 1 (2.2m x 4.3m) family room with 2 bedrooms and en-suite.
Bedroom 3 (3.2m x 2.9m) double with en-suite.
Office (2.6m x 4.7m).

External
Parking for (16) approached via a long winding driveway. Patio area & terrace suitable for alfresco dining with fantastic views across the estuary. Large mature gardens with access to a covered outdoor heated swimming pool. 5 storage sheds.