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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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.