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Oasis House & Apartment 13 Dracaena Av 8 Room Hotel Falmouth TR11 2EG $1,189,916 CAD ($148,740 CAD/Room)



INVESTMENT HIGHLIGHTS
- Refurbished guest house currently offering self-catering, serviced accommodation in the bustling harbour resort of Falmouth
- Seven en-suite guest bedrooms (with potential for eight)
- Pleasant gardens, driveway and parking area
- Reception hall, communal kitchen, dining room and lounge areas
- A self-contained owners' /letting apartment with sitting room, fitted kitchen breakfast room, double bedroom with en-suite and study area
- Turnover in the region of £130,000
EXECUTIVE SUMMARY
A thoroughly refurbished guest house currently offering self-catering, serviced accommodation in the bustling harbour resort of Falmouth is available for sale freehold at a guide price of £639,000.
Description: The guest house offers high quality guest accommodation which has been thoroughly refurbished during recent years by the current proprietor.
Briefly, the well appointed accommodation includes reception hall; refitted kitchen; dining room; lounge area and seven en-suite guest bedrooms. On the lower ground floor, via separate access, is a self-contained owners'/further letting apartment which includes a fitted kitchen breakfast room; sitting room; double bedroom with en-suite; cloakroom; study area and adjoining storage/utility area.
Externally, stocked gardens to the front set the property back from the access road and a side driveway leads to a parking area and a pleasant level lawned garden.
We are sure Oasis House would appeal to many lifestyle purchasers seeking a successful accommodation-led home and income opportunity in a desirable coastal location with comfortable owners' accommodation. Also, by letting the self-contained apartment the property and business also offers an excellent leisure investment.
The business: The guest house business at Oasis House has been remodelled to provide high standard, serviced accommodation on a room only basis with access to a common kitchen, dining room and lounge area. Our clients' management accounts have shown an average net turnover of approximately £145,000 from the seven guest bedroom and apartment, producing healthy levels of net profitability.
In the normal manner, further accounting information will be made available to seriously interested parties following an initial viewing appointment.
An inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
Location: Oasis House enjoys a prominent trading location on Dracaena Avenue, one of the main approach roads into the bustling harbour resort of Falmouth.
The popular town of Falmouth needs no introduction as one of Cornwall's most favoured towns offering a number of popular beaches, seafront, gardens and a range of restaurants, bars, galleries and gift shops.
During recent years the town has seen much inward investment, particular at Events Square which houses the National Maritime Museum, and the University Campus at nearby Tremough helps to promote visitor numbers throughout the year.
Description: The guest house offers high quality guest accommodation which has been thoroughly refurbished during recent years by the current proprietor.
Briefly, the well appointed accommodation includes reception hall; refitted kitchen; dining room; lounge area and seven en-suite guest bedrooms. On the lower ground floor, via separate access, is a self-contained owners'/further letting apartment which includes a fitted kitchen breakfast room; sitting room; double bedroom with en-suite; cloakroom; study area and adjoining storage/utility area.
Externally, stocked gardens to the front set the property back from the access road and a side driveway leads to a parking area and a pleasant level lawned garden.
We are sure Oasis House would appeal to many lifestyle purchasers seeking a successful accommodation-led home and income opportunity in a desirable coastal location with comfortable owners' accommodation. Also, by letting the self-contained apartment the property and business also offers an excellent leisure investment.
The business: The guest house business at Oasis House has been remodelled to provide high standard, serviced accommodation on a room only basis with access to a common kitchen, dining room and lounge area. Our clients' management accounts have shown an average net turnover of approximately £145,000 from the seven guest bedroom and apartment, producing healthy levels of net profitability.
In the normal manner, further accounting information will be made available to seriously interested parties following an initial viewing appointment.
An inventory of trade fixtures and fittings will be supplied prior to exchange of contracts.
Location: Oasis House enjoys a prominent trading location on Dracaena Avenue, one of the main approach roads into the bustling harbour resort of Falmouth.
The popular town of Falmouth needs no introduction as one of Cornwall's most favoured towns offering a number of popular beaches, seafront, gardens and a range of restaurants, bars, galleries and gift shops.
During recent years the town has seen much inward investment, particular at Events Square which houses the National Maritime Museum, and the University Campus at nearby Tremough helps to promote visitor numbers throughout the year.
PROPERTY FACTS
| Price | $1,189,916 CAD | Lot Size | 0.11 AC |
| Price Per Room | $148,740 CAD | Building Size | 3,903 SF |
| Sale Type | Investment | No. Rooms | 8 |
| Tenure | Freehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2015 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B |
| Price | $1,189,916 CAD |
| Price Per Room | $148,740 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 3,903 SF |
| No. Rooms | 8 |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2015 |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 8 | $182.49 CAD | - |
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Oasis House & Apartment | 13 Dracaena Av
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