Asking price

£799,950

Exford, Exmoor National Park, Minehead, Somerset, TA24

Hotel for sale

Hotel

Key Features

  • Country house hotel
  • Exmoor inn/hotel/restaurant
  • 16 En-suite letting bedrooms plus staff rooms
  • Detached 3 bedroom owners cottage
  • Bar, reception & restaurant
  • Large guest lounge
  • Extensive commercial kitchen
  • L-Shaped stable block
  • Takings circa £600,000 per annum
  • For sale as a going concern
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Tony Foster

Whether you'd like to book a viewing, or need additional info, I'm here to help.

Property Description

LOCATION
Overlooking the village green at Exford which is on the river Exe, at the heart of Exmoor National Park, with its attractive centre surrounded by shops, restaurants and hotels. There is a pretty stone bridge with three arches. It is a busy walking, fishing and equine centre. Nearby towns include Minehead (13 miles away) and Taunton (24 miles away).

THE PROPERTY
This is a 17th Century country house arranged as a 16 bedroom coaching inn with a wealth of character having around 3 acres of land, stables and a detached owners 3 bedroom cottage. The owners have installed a bio mass boiler for heating. All the letting bedrooms have en-suite facilities and there is a cosy bar downstairs which has a log burner, a welcoming reception area, a large residents lounge and restaurant area (part of which is utilised as a country fayre shop). The rest of the ground floor is completed with the office, a large commercial kitchen with stock room, chef's office and the freezer room. To the rear an inner hall provides access to both the ladies and gents public cloakrooms.

THE BUSINESS
The Crown Inn at Exford has a long established reputation with takings of around £600,000 from wet sales (one third) food sales (one third) and room sales (one third). Owned and operated by the same family since 2005 with up to 8 staff members and open all year round. Please note that in recent years the bar and restaurant has closed at lunchtimes through owners choice, but could easily be re-instated.

TENURE
Residue of 999 year lease granted in 23/06/1969 at a peppercorn rent of £1 per annum (Virtual Freehold). Contact Tony Foster of Webbers Comemercial for further information: 01271 347 888.

Key Information

Tenure:

Leasehold

VIEWING:

Strictly by appointment through the selling agents.

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