hotel
Ref 17209

Padbrook Park Hotel

Padbrook Park
EX15 1RU Cullompton

To buy£2,350,000
Size76,230 ft² / 7,082 m²

Description

Substantial Hotel with Function & Conference Facilities

The Property

Padbrook Park Hotel is a popular regional hotel, attracting a mix of commercial and local trade, with consistent revenue from multiple income streams. More recently, the hotel has obtained a marriage license, which has increased the popularity amongst regional guests for weddings / functions etc. The 40-bedroom hotel is presented in excellent order throughout and has been built and developed by our clients since 2005. The site extends to 1.75 acres and provides parking and gardens with the possibility (subject to the usual consents) for further development of the existing room stock.

Internal & External Details

The hotel briefly comprises entrance foyer with reception desk, office, lounge bar & restaurant, conference / functions room (which can be subdivided), commercial kitchen and ancillary accommodation including cellar, prep room and laundry room, 11 letting bedrooms on the ground floor with central staircase to the first floor where there are a further 29 letting bedrooms. Of the 40 bedrooms, two are deluxe (including a two-person jacuzzi), two are disabled and four can be used as family rooms. An enclosed courtyard to the rear with seating for 60+, refuse store and vehicle parking for c. 60 by way of three parking areas.

Energy rating

Energy rating C

Location and Transport

With easy access onto the M5 motorway at junction 28, Padbrook Park Hotel is within travelling distance of many other towns in the area including the Cathedral city of Exeter which lies approximately 15 miles south west, whilst Taunton lies 19 miles to north west. The nearest main line railway station (Tiverton Parkway) is at junction 27 of the M5 with Exeter airport accessed via junction 29 and the A30. Positioned on the North West edge of the town, there have been significant recent residential developments with more in the pipeline.