Hotel For Sale – Bay View Inn
Christie & Co are pleased to offer for sale the Bay View Inn located in Bude, Cornwall in England.
Key Highlights
• Outstanding coastal family retreat overlooking Widemouth Bay
• c.£1.2m turnover with ANP of £431,865
• 1/2 Owner cottages, staff/letting apartment, 6 guest rooms, 1 staff room (accommodation)
• c.1.4 acre site, parking for c.140 cars
• Internal capacity c.150 plus 180 outside
• Recently refurbished throughout to exceptionally high standard
• Access to (Blue Flag) beaches within 2 mins walk
• Purpose built secure play area for children and toddlers
• Ideal accommodation for two/three families.
• Energy Rating: TBC
Location
The Bay View Inn is in a stunning and enviable position overlooking Widemouth Bay, three miles south of the town of Bude, a 30 minute drive from one of Cornwall’s major tourist destinations, Tintagel Castle closely associated with King Arthur and within easy reach of Dartmoor National Park.
Internal
Entrance to the building from the main car park has a disabled ramp, plus step access either side of the covered entrance. The recent addition of the coffee lounge bar, which incorporates a viewing gallery/retail space for customers to admire and purchase the work of local South-West artists on display.
There are views towards the Bay from the coffee lounge which features a relaxed seating area with a mix of chairs, tables, armchairs and sofas for about 35 persons, and an open plan Offshore Arts Restaurant (Gallery and Cultural hub) adjacent to another dining area named Driftwood. The two connected spaces have table seating for roughly 100 people, and glass doors open into the terrace outside.
The Surf Bar and Beach Hut seat between 30 – 50 persons plus standing, has its own separate outside customer entrance from the front via the elevated terrace.
The back of house areas includes a large fully equipped (recently redesigned) commercial kitchen with walk-in fridge, dedicated hot and cold sections, prep and pot wash areas, dry stores, cellar, housekeeping and laundry rooms. The staff room is equipped with an en-suite shower
which can be converted into live in accommodation if required.
Bay View Cottages
Located adjacent to The Bay View Inn, originally two cottages that the present owners combined into one (which can be converted back into two if needed, either for owner/manager occupation or holiday letting), The two-storey chalet style house compromises of a:
• Ground floor entrance, kitchen/utility room, bathroom, lounge, open plan fitted kitchen/dining room adjoining a conservatory. Stairs to first floor landing and double bedroom with vaulted ceiling.
• Outside decking and lawn. Own driveway with parking for several cars.
External Details
The site measures approximately 1.4 acres and has two vehicular entrances off the coastal road, a wide main entrance is principally for customers leading directly into the large car park, space for around (140), the access continues around to the rear of the cottage where there is private parking for deliveries, staff and owners.
The cellar and dry store are contained in outbuildings with the Biomass boiler also housed in its own timber framed outbuilding.
There is raised terrace and balcony seating on three sides to the property all having direct sea views, in all a capacity of about (200). At street level is the child friendly new play area known as the Jolly View.
Trading Information
Accounts for the year ending March 2022 show a net turnover of £1.161m with an adjusted EBITDA of £431k. Trading accounts will be supplied to seriously interested applicants following a viewing appointment.
Business Rates
Rateable value with effect from 1 April 2023 £78,500. This is the rateable value for the property. It is not what you pay in business rates or rent. Your local Council uses the rateable value to calculate the business rates bill.
Further Information
No direct approach may be made to the business, as staff are not aware of the sale. For an appointment to view, or for further information please contact Nicholas Calfe or Stephen Champion from Christie & Co UK.
