South Devon tourism is on the rise and attracting record numbers of visitors from home and overseas. With Torquay at the heart of the English Riviera, the town’s tourist accommodation is always in demand – and not just for its visitors. Amid high interest, the Mount Edgcombe Guest House recently changed hands off an asking price of £600,000.
Chic and contemporary refurb
Situated along the leafy Avenue Road, this elegant, two-storey Victorian villa is minutes’ walk from central Torquay and all it has to offer. With direct access to the beach and nearby attractions and amenities, its prime location was one of the many reasons the property received considerable interest.
With the property dating back to 1886, recent extensive and high standard refurbishment has given the guest house a modern finish throughout. Beyond the purpose-built reception, the property features resident’s lounge and bar, breakfast/dining room, and a well-equipped semi-commercial kitchen.
Where the Mount Edgcombe really excels is in its 10 well-appointed en-suite letting rooms across the ground and first floors. With a mix of doubles, twin, and larger suites, the rooms have all been brought up to date, each with a chic and contemporary design that’s in keeping with the property’s style, including large screen TV and free WiFi for each.
Externally, there’s a feature raised wooden decked sun area with table and chairs to the front, while as well as free private parking for up to 10 cars. The property also includes spacious, 2-bedroom owner’s accommodation with a private paved courtyard garden at the rear for the new owners to enjoy their surroundings.
Having a 9.7 “Exceptional” score on booking.com and over 500 “Excellent” rated reviews on Tripadvisor, the Mount Edgcombe has made relaxed customer comfort its most important consideration. And new owners, Yvonne and Jamie Colley, are keen to make sure it stays that way.
With the substantial investment made by the previous owners, the Mount Edgcombe has seen exceptional growth and enjoys plenty of repeat business, with bookings usually made well in advance. As a result, trading turnover and profits are both excellent.
On the sale, Charles Darrow Leisure Consultant, David Jenkins, comments: “Whilst there remains an element of uncertainty in the market, the sale of The Mount Edgcombe represents another prominent sale in what is proving to be a great year for the company. The market certainly has it’s challenges, but for good quality, profitable entities, the market remains strong”.