Property Information
Address:
The Dartmoor Lodge, Pear Tree Cross, Ashburton
, TQ13 7JW
Price: Property no longer available.
Size: 2 sq ft
Primary Category: Leisure
All Categories:
Leisure,
Property Ref/Movehut: MH648012
Property Ref/Agent: 19451
*Please use the agent ref when calling the agent directly.
Property description
This detached 22 en suite bedroom hotel was originally constructed in the 1930 s and is set in grounds of 1 58 areas which includes car parking for 70 vehicles, trade and private gardens areas. The property is two storey with the letting bedrooms to the Northern boundary. The hotel is a very popular venue for food and drink and enjoys a strong function trade (licensed for weddings). The current owners have made significant investment and improvement in their 12 year ownership and due to a partnership split are looking to come out of the trade having built up a successful and well maintained venue, more recently under management. Ample opportunity exists for new owners to grow the business further (there are two additional en suite rooms not used within current bedstock and plans have been drawn up but not submitted for 18 additional rooms for example).
Available for sale as a transfer of a going concern the Dartmoor Lodge represents a great opportunity to acquire a successful business, in good condition and with future potential for growth.
Location
The Dartmoor Lodge is situated on the very edge of the Dartmoor National Park, served directly by the A 38 expressway at Pear Tree Cross, Ashburton. The location adds to its popularity from local trade and those travelling from further afield and it is a popular meeting point. In terms of rail communication, national rail services are available at Totnes, Newton Abbot 9 miles) and Ivybridge
with regular direct service to London Paddington and Waterloo.
ASHBURTON TOWN CENTRE - 1 MILE
EXETER - 21 MILES
PLYMOUTH - 24 MILES
BOVEY TRACEY - 10 MILES
PRINCETOWN - 13 MILES
IVYBRIDGE - 12 MILES
BRISTOL - 97 MILES
LONDON - 192 MILES
EXETER AIRPORT - 24 MILES
TOTNES - 7.5 MILES
In terms of rail communication, national rail services are available at Totnes, Newton Abbot 9 miles) and Ivybridge with regular direct service to London Paddington and Waterloo.
Accommodation
All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).
BEDROOMS : 22
SUMMARY
2 Family Rooms
19 Double/Twin rooms
1 Single Room (the current laundry room was previously another single bedroom)
FUNCTION & MEETING FACILITIES
Haytor Suite 160 covers
Foxtor Suite 16 covers
Riptor Room 10 covers
FOOD & BEVERAGE
Restaurant 70-120 covers
Bar 40 covers
Guest Lounge
PARKING
70 spaces on site
OWNERS
1 Bed Managers flat
5 bed owner's flat
Staff bedroom and laundry room which can be added to letting room list
Rent / Price
£1,500,000
Terms
Dartmoor Lodge - Trading Results
2018/9
2017/8
2016/7
Net Turnover
£1,094,77
£1,174,465
£1,196,315
Full documentation to undertake due diligence is available. A non-disclosure agreement will need to be signed by any interested party.
Services
We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.
EPC
C (58)
Legal Fees
Each party to be responsible for their own legal fees in relation to this transaction.
VAT
Vickery Holman and Savills have been appointed to sell the freehold interest in The Dartmoor Lodge as a transfer of a going concern TUPE will apply.
No contact should be made with the operating company or any of their employees. Please contact Vickery Holman who are retained as selling agents.
Popular commercial and leisure location
Original detached 1930's hotel with later extensions
22 en-suite guest rooms, bar, restaurant, function suite and 2 further meeting / dining rooms
Busy function business
Owners accommodation includes 1 bed room manager's flat and separate 5 bedroom flat
Considerable investment within current owners occupation
Available as a transfer of a going concern with vacant possession
1.58 acre site
;