Successful Guest House In Exeter For Sale

For sale is the highly profitable Telstar Guest House, located in the heart of Exeter, a high-demand property area. The guest house offers 21 letting rooms, with a mix of single, double, twin and family ensuite rooms, two family suites, and five standard rooms with shared facilities. The property also includes a one-bedroom flat for the owner/manager, on-site parking for nine cars, a Victorian tiled central courtyard, a large dining area, guest lounge with an original marble fireplace, a large balcony area with excellent views, and a garden/terrace to the front and rear, all maintained to a very high standard.

The Telstar has an excellent reputation, with an ‘Excellent’ rating on Trip Advisor, and strong ties with tour operators and Exeter University, leading to a large percentage of commission-free income. The current owners are looking to retire, presenting an opportunity for new owners to take advantage of the guest house’s central location and potential to increase revenue by offering lunches and dinners, as well as taking greater advantage of the alcohol license. The guest house also has the potential to charge for parking, which is currently offered for free.

Property: Freehold

Living Accommodation: Situated at the rear of the property, the owners accommodation was originally built as a 3 bedroom house, joined to the guest house. The current owners have split the accommodation into a large family suite for letting purposes, and a 1 bedroom flat for a caretaker. It would be very easy to return this part of the accommodation back into a 3 bedroom house again if required. The 1 bedroom flat consists of a small double bedroom, 1 x bathroom with shower and bath, a very small kitchen, and a large lounge diner with woodburner, and a juliet balcony with panoramic views.

Location: Situated at the top of St Davids Hill near the city centre, The Telstar is 10 minutes walk from Exeter Cathedral, 15 minutes walk from Exeter University, 5 mins from Exeter St Davids station, and 5 minutes from Exeter Central station. Pedestrians have to pass the Telstar on their way between Exeter city centre, and Exeter St Davids railway station with it’s links to Bristol, London, and Devon and Cornwall.

Premises Details: A double fronted Victorian guest House with 21 letting rooms and owners accommodation comprising a 1 bedroom flat.