FOR SALE BY ONLINE AUCTION - AUCTION ENDS FRIDAY 26TH OF JANUARY 2024 AT 12 NOON.

LOCATION 

In a most convenient yet peaceful spot set back from a private road and fronting onto the South West coastal footpath the property is at the start of the Torrs National Trust coastal reserve and therefore ideally placed for tourists.  

Nearby is the famous Tunnels Beaches, a popular private beach approached via a tunnel dug deep into the rocks which now operates as a wedding venue. 

In the other direction just up the footpath is the rocky and isolated White Pebble beach. The picturesque harbour and pier where Damien Hirst’s statue ‘Verity’ stands is about 1 mile away with all seafront amenities and tourist facilities on hand.  

AGENTS NOTE 

Avoncourt Lodge offers a splendid home and income opportunity or alternatively this property has potential to convert to residential apartments or maybe as a building site for a new build, all subject to the necessary planning permission.  

THE PROPERTY 

This is a purpose built bed and breakfast, first opened in 1964, so no structural issues known to the vendor. There are 10 en-suite bedrooms, 6 doubles, 2 singles and 2 twins. There is a fully stocked bar, comfortable guest lounge, dining room, drying room, office and fully equipped kitchen on the ground floor. The owners flat has a large private sitting room, bedroom and bath and there is a second private bedroom with bath on the ground floor. Parking is wholly owned and adequate for 10 vehicles

The property has gas fired central heating, with twin boilers installed in recent years. All the rooms have doubled glazed windows installed within the past 5 years and several have lovely views to the South, in a sheltered position overlooking Ilfracombe with direct access to the Torrs path.

The rooms all have recently been fitted with wooden venetian blinds for cleanliness, the full length bath tubs have new shower screens, new beds, new mattresses and new linens and quilts – all of which are included in the sale and the property has been extensively redecorated in a lodge style in the past few years. The turnkey sales offer includes a comprehensive inventory of fixtures, fittings and furniture, itemised on the inventory and will be sold ready to reopen for guests in 2024 without any essential additional expenditure. Only the owner’s personal items will be removed.

THE BUSINESS 

This is a genuine sale of this profitable bed & breakfast establishment due to ill health which has operated as a hospitality business for the last 50 years with the current owner having traded here for the last 6 years. 

Turnover is £125,000+ (2022/23) per annum from bed & breakfast only however there is scope to increase trade by opening a restaurant or possibly through cream tea sales.

SELLER’S SOLICITOR 

Stuart Tansley

Brewer Harding & Rowe

6/8 Caen Street, Braunton, EX33 1AA.

Tel: 01271 340 893

Email: stuart.tansley@bhrlaw.co.uk

TRADITIONAL ONLINE AUCTION INFORMATION  

Please note: this property is for sale by traditional online auction. 

This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). 

The winning buyer will be legally obliged to purchase the property at this price.   

PRICING INFORMATION   

The guide price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the guide price amount. Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.   

BUYERS PREMIUM & OTHER CHARGES  

The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,600 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,400 is payable towards the purchase price. On completion the Buyer will pay the sum of £XXX to the Seller’s solicitors in reimbursement of search fees.