In arguably one of the finest locations on the beautiful Cornish Riviera, a superb home with income or multi generation family living opportunity, comprising an established and well respected bed and breakfast only a stones throw from the beach, harbour mouth and iconic Banjo Pier. About 3840 sq ft, 3 Bed Owners Suite with Stunning 665 Sq Ft Open Plan Living Room/Kitchen, Guests Dining Room, 5 Letting Bedrooms (All Ensuite), 2 Bedroom Self Contained Apartment, Balconies and Roof Garden, Private Level Parking, Extraordinary Views.
Hannafore beach 350 yards, town centre 450 yards, fowey 10 miles, plymouth 21 miles In arguably one of the finest locations on the beautiful Cornish Riviera, a superb home with income or multi generation family living opportunity, comprising an established and well respected bed and breakfast only a stones throw from the beach, harbour mouth and iconic Banjo Pier. About 3840 sq ft, 2/3 Bed Owners Suite with Stunning 665 Sq Ft Open Plan Living Room/Kitchen, Guests Dining Room, 5 Letting Bedrooms (All Ensuite), 2 Bedroom Self Contained Apartment, Balconies and Roof Garden, Private Level Parking, Extraordinary Views.
Location The property lies in a unique waterside location overlooking the harbour mouth, the iconic Banjo Pier, East Looe beach and the beautiful coastline of Looe Bay. This position, right at the entrance to the harbour mouth of Cornwall's second largest fishing port, allows a distracting panorama with tidal seafaring traffic including trawlers, day boats and leisure craft passing within about 150 feet of the property! The beaches of East and West Looe are both only a short stroll away. Looe straddles the wide river with its long bridge and stone harbourside, with a thriving tourist industry and popular with boating enthusiasts. There are a wide range of shopping and community facilities, on both sides of the river, together with award winning restaurants. On the edge of the town is a branch line railway which links with the main line at Liskeard (Plymouth to London Paddington 3 hours).
The coastline either side of Looe is beautiful and unspoilt, easily accessible via the South West Coast Path and there are substantial areas in the ownership of the National Trust. There are excellent bathing beaches and a wide network of footpaths and bridleways in the vicinity. The nearby town of Saltash has a Waitrose store on its northern outskirts together with deep water moorings on the River Tamar.
The City of Plymouth lies within commuting distance, having an extensive and historic waterfront.
Description With over 230 reviews on TripAdvisor including a Certificate of Excellence, The Watermark comprises an established and well respected bed and breakfast in perhaps one of the best locations on the South Cornish Coast. Enjoy England have given The Watermark a silver award and whilst currently trading very successfully, some buyers may seek to capitalise on the size of the accommodation perhaps for multi generational living, home with income or even as a large family house.
The accommodation is found to be well presented throughout extending to about 3840 sq ft over three floors, together with a separate self contained annexe. All of the principal rooms including the letting rooms enjoy stunning views over the beach, harbour and coastline and the property is currently configured as follows - The Terrace Suite comprising a 2 bedroom self contained apartment, 5 ensuite letting bedrooms (4 of which have private balconies), guests dining room, laundry/utility room, study/office and a superb owners suite. The owners suite extends to about 1200 sq ft over two floors with a stunning open plan living room/kitchen opening onto a large private terrace and offering three further bedrooms (1 ensuite).
Outside From Portuan Road and Hannafore Lane access is gained to the level private parking for 5 cars. There are various terraces including a roof terrace and balconies with a Mediterranean vibe, all of which are dominated by the extraordinary outlook over the harbour and beach.
The business Currently traded as a bed and breakfast under the VAT threshold and closed between November and February (open New Year), the accounts demonstrate a turnover of about £84,000 with a gross profit level of about 87% and an adjusted net profit of about £54,000 until end of April 2017. The web domain name may be available by separate negotiation. Furniture, equipment and effects to enable the ongoing business use are included and a full inventory is available.
EPC rating - E
directions Using Sat Nav - Postcode PL13 2DE. The parking is at the rear approached over Portuan Road and then Hannafore Lane whereupon the private parking will be found on the right hand side.