Melvill Road, Falmouth

For sale Offers Over £1,000,000 Freehold
pin Melvill Road, Falmouth, TR11 4DF
Sold STC

Overview

Property ID: 45360
  • rps_pie-PLY231239 Ref
  • House Type
  • For Sale Availability
  • 14 Bedrooms
  • 11 Bathrooms
  • Freehold Tenure

Full Details

Nestled within charming mock-Tudor architecture, this exquisite guest house presents an ideal blend of guest comfort and owner convenience. The property turns over circa £150,000 Per annum and has previously made a net profit circa £100,000.

As you step through the entrance porch, you're welcomed into a gracious reception hall with a convenient cloakroom wc. The dining room, elegantly proportioned and featuring ornate wood paneling, opens onto a sunny southerly terrace, perfect for enjoying leisurely moments. The guest lounge, also adorned with wood paneling, boasts a cozy atmosphere with access to a well-appointed bar and views of the serene rear garden.

Upstairs, discover up to 12 inviting guest bedrooms, currently configured as 10 en-suite guest suites including seven doubles and three singles. The owners are afforded a versatile living space, with a ground floor apartment offering a comfortable lounge, a delightful kitchen breakfast room, a family bathroom, and two restful bedrooms. Additionally, the proprietors enjoy a 2-bedroom suite with a bathroom on the first floor.

From the rear of Tudor Court, guests are treated to views of the lush, mature gardens, while higher rooms offer splendid elevated vistas of Falmouth Bay and the coastline, with glimpses of Falmouth Golf Club. The property is kept cozy with gas-fired central heating, and two second-floor bedrooms featuring charming balconies for added allure.

Externally, a generous car park sits to the side, ensuring convenient access for guests. The rear of the property boasts a sun-drenched terrace leading to a sizable, level lawn surrounded by a variety of mature shrubs, creating a peaceful retreat.

Tudor Court stands as a fine example of a home and income opportunity, offering a lifestyle property with a rich history of successful trading. With its striking mock-Tudor facade, this substantial guest house presents a unique chance to acquire a spacious property in a sought-after location, featuring flexible guest accommodations and comfortable living quarters for the discerning owner.
THE BUSINESSThe Tudor Court trades as a family run guest house and is available for sale for the first time in 15 years due to retirement planning. During recent years, our clients have embraced much commercial trade, opening for 11 months a year on a room only basis. The most recent trading profit and loss accounts for year ending May 2022 showed sales of £155,241, producing an adjusted net profit approaching £100,000 before deducting loan interest, depreciation and motor expenses. Further detailed accounting information can be made available to serious interested parties following a viewing appointment.SERVICESServices connected to the premises include mains water, drainage, gas and electricity. (We would point out that no testing of any of the services has been carried out by the agent.) FIXTURES, FITTINGS & EFFECTS Normal fixtures and fittings associated with this type of property are included in the sale and detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts. BUSINESS RATESThe property has a Rateable Value of £8,200 website 2017 list). Prospective purchasers should confirm actual rates payable with the local billing authority (www.voa.gov.uk). ENERGY PERFORMANCE CERTIFICATETudor Court has an EPC Rating of C under Certificate Reference Number 1566-4254-3068-6301-0571.

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