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Home Park Homestay 74 Alma Rd 16 Room Hotel Plymouth PL3 4HD $1,795,619 ($112,226/Room)

Investment Highlights
- Highly profitable hostel and budget bed and breakfast facility
- 16 letting bedrooms, reception, kitchen/office, night porter’s room, garden and double garage
- Turnover approx. £331,000pa with Net Profit approx. £285,396pa
- Substantial period property convenient location close city centre Plymouth
- Well established and exceptionally profitable concern
Executive Summary
This exceptionally profitable business occupies an enviable and prominent trading position in Alma Road, a busy arterial route leading to and from the main city centre of Plymouth which is only half a mile away. It backs on to Central Park which spans over 60 hectares of meadows and woodland and includes an adventure playground, skate park, and pitch and putt, whilst also being home to Plymouth Argyle. Plymouth’s main line railway station and expanding university are within easy walking distance. Due to its convenient central location, the business enjoys an exceptionally profitable year round trade.
Plymouth, with a population of over 264,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises briefly comprise two period terraced properties which for the main appear to be of traditional construction, with painted elevations under a pitched slate roof. The property has been well maintained and benefits from double-glazing and a gas-fired central heating system. All the letting bedrooms are of a good size. The property also has a double garage and additional car parking space to the rear for approx. 4 cars. An early viewing appointment is strongly recommended to fully appreciate the location and appeal of this well established and exceptionally profitable business.
Plymouth, with a population of over 264,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises briefly comprise two period terraced properties which for the main appear to be of traditional construction, with painted elevations under a pitched slate roof. The property has been well maintained and benefits from double-glazing and a gas-fired central heating system. All the letting bedrooms are of a good size. The property also has a double garage and additional car parking space to the rear for approx. 4 cars. An early viewing appointment is strongly recommended to fully appreciate the location and appeal of this well established and exceptionally profitable business.
Property Facts
| Price | $1,795,619 | Lot Size | 0.07 AC |
| Price Per Room | $112,226 | Building Size | 3,456 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Tenure | Freehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C |
| Price | $1,795,619 |
| Price Per Room | $112,226 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,456 SF |
| No. Rooms | 16 |
| No. Stories | 3 |
| Year Built | 1900 |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $101.09 | - |
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Home Park Homestay | 74 Alma Rd
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