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The Salty Monk Church St

7 Room Hotel Sidmouth EX10 9QP $1,793,452 CAD ($256,207 CAD/Room)

Investment Highlights

  • Edge of Sidmouth
  • Parking for 20 cars
  • Accessible location

Executive Summary

Owned and operated by the sellers for 24 years the Salty Monk is now available only as a result of the vendors decision to retire. They have won numerous accolades for the quality of their hospitality and cuisine with the the property configured in a manner which would allow some flexibility. The building has held 5 AA gold stars throughout its tenure putting it in the top 10% of guest providers and was awarded Best Bed & Breakfast in England with Visit England. The property would suit those wishing to run an upmarket B&B, restaurant with rooms, tearoom with B&B etc, or as a large family home with an income and workbase.
Believed to be of 16th Century origin the building is not listed and sits in a plot of approx. 0.441acre. The property has delightful lawned gardens, trade patio and gravelled car parking for 20 cars. Constructed in the main of rendered colour washed elevations to a series of pitched slate roofs, the interiors are briefly described as follows;
Reception hallway leads into the main restaurant, itself divided into multiple areas which can accommodate a total of 40 covers. The interiors blend contemporary touches with the traditional character of the building. The ground floor could be re-configured to provide additional letting bedrooms subject to the necessary consents.
A well-equipped commercial catering kitchen with separate prep and wash up areas, as well as extensive cold and dry stores. Laundry and rear storage areas/sheds in a walled yard.
Formerly the vendors lived off site but are now occupying a stunning wooden studio with eco roof situated within the grounds of the property. A substantial property in its own right that was formerly used as a yoga Studio, Gym, with its own Bathroom with walk in Power shower and Treatment room used for massage therapy & beauty treatments. This building also includes two well disguised garages as well as a storeroom/office, electric and internet installed.
There is a parking area for up to 20 cars, with 1 electric car charging point.
Extending to 0.44 acres (0.18 ha) in total the grounds are very gently sloping with numerous useful timber outbuildings/garaging, wonderfully landscaped south facing gardens, plus a rear entrance to a small courtyard giving easy access into the kitchen/stores. Please note some of the grounds are in a flood risk area. Since environmental agency upgrades this risk has been alleviated, details on request.
Our clients trading profit and loss accounts to the year ended 31st March 2022 show total net sales of C. £300k were achieved and a net profits of C.£162k was achieved. 2023 sales dropped to £181k with net profits of £77k due to extended holidays and part-time opening. The restaurant is currently opening under limited hours and run as a lifestyle choice business

Property Facts

Price $1,793,452 CAD
Price Per Room $256,207 CAD
Sale Type Investment
Sale Conditions Furniture, Fixtures and Equipment Included
Tenure Freehold
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.44 AC
Building Size 4,091 SF
No. Rooms 7
No. Stories 2
Year Built 1900
Parking Ratio 4.89/1,000 SF
Corridor Interior

Amenities

  • Restaurant
  • Room Service
  • On-Site Bar
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 7 $315.43 CAD -
  • Listing ID: 31946343

  • Date on Market: 2024-05-29

  • Last Updated:

  • Address: Church St, Sidmouth EX10 9QP

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