Lydgate House Hotel Lydgate House Hotel , , PL20 6TJ

SITUATION an excellent reputation and have formed strong links within the Lydgate House sits in a private valley amongst the rolling hills of local community. Repeat trade is strong and guests review , occupying a glorious position surrounded by 35.6 their stays at an average of 4.8/5 stars on Google and 4.5/5 on acres of its own moorland ground. The East Dart river runs just Trip Advisor (as at January 2020). The Hotel room rates range below the house, adding to the beautifully scenic outlook, which from £47 to £115 per night, according to room size, and is visible from almost every part of the property, and making Swallow Barn is let at weekly rates between £454 and £1,124. the area a haven for lovers of wildlfe. The 7-bedroom hotel has Whilst a healthy net profit is currently achieved, opportunities to separate owner’s accommodation and a further 3-bedroom build on the existing business exist, including the option to offer holiday cottage, offering a simply wonderful lifestyle opportunity dinner, or to open year-round. Letting of the annexe and having with a healthy income and opportunities for further growth. owner's accommodation within the hotel is also a possibility. Interested parties are encouraged to view the Hotel's website, 5 miles • 11 miles • Postbridge is a hamlet in the very heart of Dartmoor, popular www.lydgatehouse.co.uk. Three years' P&L accounts are with visitors, walkers and explorers of the rugged landscape. available for inspection following a viewing of the premises. 20 miles Famous for its 13th Century , Postbridge is 5 miles from Princetown and 11 miles from Tavistock, which is a The current Rateable Value is £12,300 (by internet enquiry with thriving market town forming part of a designated World the VOA). Council Tax Band A for the owner's Heritage Site, rich in history and tradition dating back to the accommodation. Fixtures and fittings to be included as per our 10th century. Today, the town offers a superb range of clients' inventory. Stock to be sold at valuation on completion. shopping, recreational and educational facilities, including the SERVICES sought-after private and independent school, Mount Kelly. Mains electricity, LPG-fired cooking and heating, private water THE HOUSE supply (bore hole), private drainage (septic tank). Built in the late 1800s, the bright and comfortable TENURE accommodation of Lydgate House is presented in good As with many properties in the heart of Dartmoor, this decorative order with a warm and welcoming feel, having property is being offered with a Duchy of Cornwall Lease Stunningly located moorland hotel received significant investment from the current owners over running for a term of 35 years from 29th September 2005 (20 the past decade. There are currently 7 well-proportioned en- years remaining). The rent is £12,400 per annum exclusive. with owner's accommodation and suite letting rooms, all named after native birds and six of which Duchy Leases are generally not mortgageable. For further are on the first floor. On the ground floor are an entrance hall, details on the terms of the lease, please contact Stags. holiday cottage, all set in 35.6 acres office, guests' lounge and sitting room, the conservatory/dining room, kitchen and guests' WCs. Adjoining the house is a VIEWING of riverside grounds. separate 3-bedroom annexe, presently used as self- Strictly by appointment with the Vendors' Agents, Stags. contained owner's accommodation but which could also be let separately. This beautiful barn conversion comprises 3 double DIRECTIONS bedrooms, 2 bathrooms, a kitchen/dining room and an From Tavistock, proceed east over the moors on the B3357 to attractive, vaulted sitting room with a log-burning stove and Two Bridges and turn left onto the B3212, signposted for patio doors leading to an enclosed garden and terrace. Postbridge. Upon reaching the hamlet, proceed past the • Superb Lifestyle Opportunity Tourist Information Centre and over the bridge, then after 50 SWALLOW COTTAGE yards turn right, as signposted, towards the hotel. Follow the • Remarkably Scenic Setting Adjoining the Annexe is Swallow Barn, another charming barn road for 0.2 miles where you will find the property. conversion with similarly proportioned accommodation and its • Late-Victorian House own access. Successfully let on a holiday basis at present, the cottage is fully self-contained, complete to a very comfortable contemporary standard and equipped with integral kitchen • Currently 7 En-suite Rooms appliances, a log burner two modern bathrooms. • 3-bed Holiday Cottage THE GROUNDS Lydgate House is surrounded by 35.6 acres of stunningly • Owner's Accommodation attractive, natural moorland and woodland ground, divided into various paddocks and areas for walking and enjoyment. The annexe and Cottage both benefit from their own private • Approx. 6,400sq.ft in All garden areas. Located behind the main house is a large agricultural barn which could offer additional opportunities, • Set in 35.6 acres particularly of an equestrian nature. Of particular note is the East Dart River which runs through the site. A wooden • East Dart River Frontage footbridge allows access to the far side of the river.

THE BUSINESS • Duchy Leasehold Lydgate House is a very popular hotel operated February to December on a Bed & breakfast basis at present. The kitchen is complete with a good blend of commercial and residential equipment and appliances, well-suited to the scale of operations. Naturally, the property is extremely well-positioned Guide Price £549,000 for guests seeking to enjoy the huge number of pursuits that Dartmoor National Park and the surrounding West Country landscape has to offer. The current owners have established

Lydgate House Hotel , Postbridge, Devon PL20 6TJ

These particulars are a guide only and should not be relied upon for any purpose. 2 Market Street, Tavistock, Devon, PL19 0DA

01822 612458 [email protected]

stags.co.uk