Dartmoor Lodge, Ashburton, UK Placed on the Market for £1.6m
Location: Southern Boundary Dartmoor National Park, Devon, UK
Name: Dartmoor Lodge
No. of Keys: 23 plus Owner’s Five-Bed Apartment
The Property: The Dartmoor Lodge at Peartree Cross near Ashburton has been placed
on the market for a reduced price of £1.6m.
Situated just off the main A38 main route to the South West, the hotel is situated within the southern boundary of the Dartmoor National Park. Sitting in 1.65 acres of ground the property
features 23 en-suite letting rooms, meeting rooms, an oak-beamed restaurant with 70 covers as well as one-double bedroom staff accommodation and a private five-bedroom flat for the owners.
The refurbished and reinvigorated business generated net sales of circa £1.2m last year. The agent handling the sale, said: “There is plenty of potential to develop the business by reducing the private accommodation and creating additional bedrooms.
Main Photo: Dartmoor Lodge
Tenure: Freehold
Brand/Management: Brand and Management-free
Current Owner: Private family who acquired the lodge in 2008 and carried out a thorough refurbishment which has reinvigorated the business. Having decided to pursue other interests they have decided to sell to allow new owners take this thriving business forward.
Guide Price: £1.6m
Guide Price per Key: £69,565
Agent: Colliers
Date Posted: September 2019
THPT Comment: Good opportunity for owner-run investor to acquire this interesting hotel in a very attractive tourist part of England.
First Seen: Hotels of the World.info
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