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Waterloo House, Lynton, North Devon SOLD

Waterloo House, Lynton, North Devon SOLD - 11th August 2015

The oldest boarding house in Lynton, North Devon “Little Switzerland”

Believed to be the oldest boarding house in the coastal village of Lynton in North Devon, Waterloo House is a charming Grade II Listed Georgian property dating back to 1828. Trading as a bed and breakfast establishment, the business is now for sale through licensed and leisure property specialists Stonesmith of Exeter.

Waterloo House trades on a B&B basis only and is in a prime location to attract year round tourists. In recent years the current owners’ have obtained an AA 3 Star rating and is trade to suit their needs.

Therefore, there is great potential here to develop all areas of the business including re introducing evening meals. This sale provides genuine potential, combined with an enviable lifestyle and the ability to move in and start trading!

Dating back to approx 1828, Waterloo House is Grade II Listed and benefits from having had a new roof just 10 years ago. The property is laid out over 4 floors and provides a guest lounge, dining room, commercial kitchen, utility/laundry, 5 en-suite letting rooms and a 6th unused single room. The private accommodation consists of a lounge, kitchen/diner, 2 double bedrooms and a bathroom. In addition there is a 4 roomed chalet outside which has the potential for use as owner accommodation or additional holiday let, subject to the necessary consent.

Outside to the front there is a raised garden with covered seating and to the rear an attractive patio garden. The property also has two parking spaces but additional guest parking is available close by.

Lynton, together with its twin resort of Lynmouth, is often referred to as “Little Switzerland”, and surrounded by deep sided wooded ravines which run down to the sea, but is still within Exmoor National Park. Both resorts are tourist honey pots with year round visitors.

Waterloo House offers prospective owners an opportunity to purchase a substantial purpose equipped property in a desirable location with genuine potential for growth and a coveted way of living.

Waterloo House is for sale as a freehold business and Stonesmith are seeking offers off a guide price of £292,500. Full details are available from the website www.stonesmith.co.uk and viewings can be arranged by calling 01392 201262.

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Thanks for your assistance and perseverance during the sale of the cafe

Jim Hannan - Previous owner Cafe at 36, Exeter