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Impressive detached former Boutique hotel occupying 2.5 acre rural spot on the edge of Dartmoor
Excellent scope for further investment/development and upgrading
Accommodation boast approx 12,000 Sqft with 9 en-suite bedrooms
Two semi deatached bungalows, 4 bedroom Stable Mews.
Current rental income £94,500 per annum from Mews, Bungalows and three let rooms
Detached Pottery and Barn (could be converted subject to relevant consents)
Dining room/restaurant, lounge bar, Bistro,Snug and function suite - ideal for wedding receptions
Commercial kitchen, ladies and gentlemens WC'S, office and storage rooms
Car park, beautiful mature gardens
On the gateway to Dartmoor with easy access to Bovey Tracey, Newton Abbot, Exeter and Plymouth
The Edgemoor Hotel, a former boutique country hotel, dates back to 1879 when it was a grammar school. With its charming Victorian architecture and a stunning stone and ivy-clad façade, positioned on the outskirts of Bovey Tracey, this property sprawls across approximately 2.5 acres of picturesque gardens and mature landscape
Rooms
Outside
Nestled in a picturesque rural setting, this property boasts 2.5 acres of land adorned with mature trees and gardens. The central location offers ample parking and elegant living spaces. In addition, the property includes a versatile detached 'pottery' and a storage barn housing a Biomass boiler, generating an annual income of approximately £15,000.
Commercial Energy Performance Certificate
Rating A 18a
Business Rates
The business is currently valued at £26,250 for the hotel.
Council Tax
With a Band E charge of £1997.27 per annum for the residential parts.
Local Authority
Teignbridge District Council
House, Brunel Rd, Newton Abbot TQ12 4XX
Viewings
Strictly by appointment through Rendells, Newton Abbot 01626 353 881
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Based on property / land value of £1,750,000 there will be an approx of £ Stamp Duty due.
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£250k to £925k
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£925k to £1.5M
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If a property is greater than £425k you are not eligable for Stamp Duty relief.
For properties over £625k, SDLT is charged at 0% up to £250k and 5% from £250k to £925k.
This stamp duty calculator is designed to give you an idea of your stamp duty liability when buying a freehold residential property in England & N.Ireland. Stamp duty calculations are rounded down to the nearest pound. Stampy Duty guide is approx. as of 23rd September 2022 - please visit https://www.gov.uk/stamp-duty-land-tax for the latest information
1750000.00
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