Business Summary

Detached Hotel

Versatile private accommodation
12 en-suite letting rooms
Long established business
Ideal lifestyle opportunity
Falcon Commercial is delighted to offer for sale this established 12 bedroom (all en-suite) Hotel with generous self-contained two bedroom owner’s accommodation and private gardens. It enjoys all the considerable commercial and private advantages of a fantastic highly visible trading position on one of the main routes into the popular town of Falmouth, Cornwall.

Operating from impressive detached period premises of real charm and character, this exceptionally successful and highly profitable hotel attracts a strong year round trade for both leisure and business markets, however, our clients choose to close the business from time to time to suit their requirements.

The Broadmead Hotel represents an excellent opportunity to purchase a thriving privately run hotel business with scope to further increase trade. Although the property benefits from a dining room, our clients currently broadly operate the business as a B&B only, with all incomes derived from rooms only as they do not provide evening meals or a bar service.

The business has built up an excellent reputation and enjoys a high level of repeat bookings due to its welcoming and friendly atmosphere particularly with guests that have a connection with the university and visitors who enjoy the sailing facilities available locally.

Early viewing of this rarely available opportunity comes highly recommended.

Premises Details

A large detached double fronted Victorian villa retaining much charm and character, occupying a prominent position overlooking Kimberley Park. The Broadmead Hotel offers 12 individually designed and furnished en suite letting bedrooms combined with spacious public areas. The premises have been sympathetically converted, modernised and extended over the years whilst retaining many attractive original features and provide an exceptional standard of business and private accommodation which briefly comprises:

Public Areas

Entrance Hall
Reception Hall
Reception Lounge with comfortable seating and attractive bay windows with views to front.
Sun Lounge with comfortable seating
Bar Area (not in use at present)
Dining room (24), a spacious room with attractive bay windows with views to front.
Ancillary Areas

Kitchen, fully equipped with an extensive range of commercial catering equipment.
Reception office
Laundry room
Dry food storage area
Staff WC and changing room/ utility area
Dry store

Letting Accommodation

There are currently 12 en suite letting bedrooms briefly comprising three single bedrooms, three double/ twin bedrooms with zip and link beds, one twin bedroom and five double bedrooms. All of the letting bedrooms are individually designed and all benefit from flat screen televisions.

Owner’s Accommodation

To the rear of the property is a self-contained apartment briefly comprising:

Sitting room
Two double bedrooms, one with fitted wardrobes
kitchen
Shower room with electric shower
External

Car parking for approximately 8 vehicles.
To the front of the property is a raised paved terrace with flower bed borders.
Private owner’s garden – large enclosed ‘L’ shaped lawned garden with access to a private enclosed courtyard area.

Business Information

Turnover

Current turnover in excess of £142,000 per annum with good profits and scope to increase. High level of repeat business (60%+).

Staff Details

The business is run with help from a reliable team of part time staff.

Business Rates and Council Tax

We are advised that the business rates payable are £3080.

Trading Hours

The business is open all year round

Tenure

Freehold

EPC Rating

EPC Rating: D

Location

Falmouth is situated at the southern end of the Fal Estuary, which is arguably Britain’s most beautiful network of creeks and rivers. Although a working port, Falmouth is an extremely popular boating and yachting center, and is steeped in Maritime history.

Falmouth’s natural harbour is the third deepest in the world. It provides a picturesque background to the busy main street that runs under various names from Greenbank to Grove Place. Unsurpassed views of Flushing, Falmouth Bay and beyond, can be glimpsed between the buildings, or from the opes and walkways meandering through the town.

The town became a popular holiday resort in Victorian times and is now an excellent center to discover the many attractions which Cornwall has to offer. Falmouth has four superb beaches, Gyllynvase, Castle, Swanpool and Maenporth, all of which are within one to two miles of the hotel.

Property Details