Devon’s Tavistock House boutique hotel goes on the market for £825k

Tavistock Outside

Tavistock House in Devon has gone up for sale with an asking price of £825k for the freehold.

The restored boutique townhouse hotel, which was originally built for mining magnate the 7th Duke of Bedford in 1820, is home to six bedrooms alongside a two- or three-bedroom owners’ flat.

The Grade-II listed property’s latest reports show that business has grown significantly with the accounts for the six months ending September 2017 showing net income of £83,165 with a profit of £22,510 for the period.

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Ed Jefferson at Colliers International in charge of the sale, said that if costs were added back, the adjusted net profit would be £56,184.

Tavistock Hotel 5

He said: “This is a very good level of business which if annualised presents an enviable level of turnover and profitability.”

He also said that there was scope to add further bedrooms to the hotel and that planning consent had already been obtained for four additional parking spaces.

Jefferson added: “Tavistock House Hotel is located close to the town centre on the Plymouth Road opposite Tavistock Tennis club and Meadowlands Park.

“The whole property has been lovingly restored offering individually designed rooms in sumptuous surroundings.

“There is also a large garden which leads to a garage building accessed from the road behind the property, this may have development potential subject to the necessary consents.”

Tavistock House 2

Tags : colliers internationalDevon.for salehotelsoperatorsowners
Zoe Monk

The author Zoe Monk

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