Ref: LCAA7977 £1,300,000 The Oceanic Luxury Suite Hotel, 1 Lansdowne Road, Falmouth, TR11 4BE FREEHOLD

An exciting lifestyle business opportunity in the heart of Falmouth A luxuriously appointed and comprehensively refurbished ‘home plus income’ offering 5 exceptional letting suites and exemplary 5 bedroomed owner’s accommodation in an imposing non-Listed period style building on a prime residential road. Within walking

distance of the town centre, the seafront and Pendennis Headland, with flexible, versatile accommodation – a very rare opportunity in the heart of this thriving harbourside town.

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SUMMARY OF ACCOMMODATION THE OCEANIC LUXURY SUITE HOTEL Ground Floor: entrance hallway, Morvoren Suite (living room, kitchen/breakfast room, large double bedroom and dressing area, large bath/shower room), bar, indoor/outdoor garden. First Floor: Zethar Suite (living/dining/kitchen, large double bedroom, bath/shower room, estuary views). Keynvor Suite (living/dining/kitchen, large double bedroom, shower room). Second Floor: Arlyn Suite (living room, kitchen/dining room, large double bedroom, shower room, estuary views. Morwenna Suite (living room, kitchen/dining room, 2 large double bedrooms, shower room, sauna and spa bath, estuary views). OWNER’S ACCOMMODATION Ground Floor: separate entrance hallway, cloakroom/wc, sitting/dining room, garden room, study, kitchen, store room, utility room, rear hall with steps descending to a basement. First Floor: 5 double bedrooms, 2 en-suite, bath/shower room. OUTSIDE: parking for 6 vehicles, indoor/outdoor garden, hot tub, further garden with seating area.

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DESCRIPTION

• The Oceanic was acquired by our clients in 2012 and has since undergone a comprehensive redesign and refurbishment and now offers 5 luxuriously appointed apartment suites, as well as a large integral 5 bedroomed home. Subject to necessary consents, the versatile accommodation would allow a future owner, should they wish, to incorporate 3 bedrooms of the owner’s accommodation into a first floor sixth letting suite.

• Each of the suites comprise either totally separate, or clearly defined living areas, space for dining as well as contemporary gloss fronted, fully equipped kitchens. There are 4 suites comprising one very large double bedroom and either a bathroom or shower room (some with both). As well as a stunning 2 bedroom, 2 bathroom second floor suite.

• The upgrade and restoration by our clients include; full thermal insulation, soundproofing of all walls and floors, complete rewiring and installation of current fire protection systems, three new combination boilers alongside three pressurised hot water tanks and the installation of energy efficient underfloor heating throughout – alongside the complete redecoration using a contemporary but classic combination with both the home and suites boasting mood lighting, virtual aquariums and top quality furnishings.

• From the rear of the property, at all levels, broad views across the roof tops of Falmouth town centre can be enjoyed of the bustling harbour and Fal Estuary. There is an enclosed rear garden communally used by both the owners and the visiting guests. An indoor/outdoor undercover lounge area complete with a large natural wood hot tub and a further garden area with seating, chiminea style barbecue/fire and a large ‘grass bed’ for sunbathing. To the front of the property can be found private parking for up to six vehicles.

• The hotel is multi award winning, most notable of which includes the Trip Advisor’s Travellers’ Choice Award where they achieved number three in the best small hotel in the UK category.

• To be sold with no onward chain as a going concern.

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THE BUSINESS “The Oceanic Luxury Suite Hotel has now been trading for over 5 years and is well regarded both within the industry and locally within Falmouth. Whilst the current owners have enjoyed their time running the hotel, it has for them always been about spending more time with their family and friends and creating their ideal work life balance, rather than maximising the commercial aspect of the property. In that respect they have chosen to close the hotel when they go away on holiday or just want some extra time to pursue other activities. They have consistently run at between 35%-50% occupancy over the last 4 years and this has afforded them the balance that they require. We understand occupancy in the Falmouth area generally runs between 70% and 80% and so the potential for a significant up turn in revenue should be noted. Revenue and occupancy rates for year ending 31st January (their company’s year end) including VAT.

2020 £167,832 48.16% 2019 £149,979 35.35% 2018 £157,579 40% 2017 £164,549 42.63%

Full accounts information and further detail is available to bona fide prospective purchasers upon request.” LOCATION The Oceanic is situated in a prime residential position within Falmouth, close to the town centre itself, Pendennis Headland and within walking distance of Falmouth’s renowned seafront, occupying an important prominent position just a few moments from Castle Beach and the South West Coast Path. On its doorstep can also be found the Events Square which hosts a calendar of events year round and is bordered by an array of restaurants and the National Maritime Museum. The location is very much admired and properties of this style, in such a convenient position appear for sale very rarely indeed. Gyllyngvase Beach lies a few minutes away and likewise, the wonderfully scenic Falmouth seafront. From the property it is very easy to walk out and around Pendennis Headland, following the coast path along the seafront to Gyllyngvase Beach and across the cliff top to Swanpool Beach and beyond to Maenporth and eventually the Helford River. The town centre is close at hand and provides excellent amenities with a range of shopping and commercial facilities. The Falmouth Town branch line railway station is found within a few hundred yards and operates from Falmouth to Truro where there are regular links on the Penzance to Paddington line. Cornwall Airport Newquay is approximately 28 miles away and has regular flights to multiple destinations. For the more sporting orientated there are golf courses nearby at Falmouth, Budock Vean, Killiow and Truro. The area also has superb sailing facilities with a variety of yacht clubs and marinas giving easy access to the sailing waters. The coastline offers unspoilt secluded beaches and wonderful scenic walks in many Areas of Outstanding Natural Beauty.

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A MESSAGE FROM THE OWNERS “Thank you for your interest in our home and business. We hope you will enjoy reading our story and that it will inspire you to take the plunge and invest in what we believe to be the ultimate lifestyle business. We originally bought the property at the end of 2012, and at the time it was an almost derelict old coaching hotel that was in serious need of some TLC. If you can imagine a combination of Rising Damp and Faulty Towers, this embodied the worst of both. We have a large family – so we needed a sizeable family home as well as a business. In fact, our main priority was to provide a suitable family home rather than a truly commercial enterprise. We have therefore tried to create a beautiful home with a business that is easy to run. We don’t employ staff – we can easily manage the five suites and day to day running of the hotel in just a few hours each day. We have both employed staff in previous businesses and prefer not to have the hassle. Our commute to work is about 30 seconds! We don’t do breakfast – firstly, we didn’t want to get up that early, also we have watched ‘Four in a bed’ and don’t fancy people complaining about the size of the sausage at 7 o’clock in the morning! We don’t take children – as much as we like our own, children are hard work (especially other peoples) and we have been amazed at how many guests seek us out for just that reason. We do have fun – we do now have an unprecedented amount of time to enjoy with our family and friends, take up various activities on offer around Falmouth and we regularly have to try all the excellent restaurants and bars around to make sure that we can recommend them to our guests! We now have a boat – only a 25ft wooden sailing boat but this has been our inspiration for our next adventure. Having got rid of most of the kids and the remaining ones on the way out, we have decided to get a bigger live aboard boat and sail off around the world. We hope that any future owner will be as happy as we have been in this beautiful part of Cornwall.” Tim and Heather Wood

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THE ACCOMMODATION COMPRISES (all floor plans and dimensions are approximate) THE OCEANIC LUXURY SUITE HOTEL MORVOREN SUITE The Morvoren Suite is a spacious one bedroom suite located on the ground floor comprising a large sitting room with bay window and virtual aquarium with archway leading through to a spacious and beautifully appointed kitchen/dining room. There is a large double bedroom and dressing area split by a romantic candlelit fireplace. There is a huge executive bathroom with a luxurious walk-in multi function shower and raised freestanding bath.

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ZETHAR SUITE Located to the rear of the first floor this comfortable one bedroom suite boasts elevated views across the town centre and out to Falmouth Harbour and estuary. Featuring a comfortable lounge with dining area and kitchenette, a good sized separate bedroom with LED mood lighting and a luxuriously appointed bathroom with walk-in shower and freestanding bath.

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KEYNVOR SUITE A light and airy junior suite located on the first floor to the front of the hotel. Featuring a large living room/kitchen, dining area with a bay window flooding the room with natural light. There is a large double bedroom with LED mood lighting and bay window to the front with door through to a luxuriously appointed shower room.

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ARLYN SUITE Located on the top floor, this apartment enjoys some of the best elevated views across the town and estuary and comprises a large sitting room with virtual aquarium, beautifully appointed kitchen/dining room with a large double bedroom and en-suite shower room. The Arlyn Suite has a glamorous canopy bed with inset star lights.

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MORWENNA SUITE Located on the top floor, a luxury penthouse suite enjoying the very best of the views of the harbour and out to sea. A large sitting room with virtual aquarium, spacious kitchen/dining room with two large double bedrooms, a separate shower room and separate sauna with spa bath enjoying the very best of the views on offer. Both bedrooms are fitted with luxurious king size canopied beds with inset star lights sparkling above.

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OWNER’S ACCOMMODATION With its own entrance hallway and as such can be completely independent from the hotel itself. There is a very spacious and contemporary living/dining room, with doors serving a large garden room off which there is a useful store room, office/study and access to the garden as well as a door through to the beautifully appointed kitchen. Stairs ascend to the first floor landing off which can be found five double bedrooms, two of which are en-suite and there is a further family bathroom. Throughout both the owner’s accommodation and the hotel suites, there is an abundance of useful storage areas and rooms as well as a lower ground floor basement.

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Not to scale – for identification purposes only.

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Not to scale – for identification purposes only.

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OUTSIDE

To the side of the property can be found private off-road parking for six vehicles. To the rear of the property there is a covered indoor/outdoor garden with bar, wooden hot tub and private seating area with further access to the outside garden where there is a raised deck with a seating area surrounding a chiminea style barbecue. The garden is bordered by beautiful planting, is very private and enjoys views out to the estuary. There is also a raised grass bed perfect for sunbathing.

GENERAL INFORMATION VIEWING – Strictly by prior appointment through: Lillicrap Chilcott, Landrian House, 59-60 Lemon Street, Truro, Cornwall, TR1 2PE. Telephone: (01872) 273473. E-mail: sales@lillicrapchilcott.com. POST CODE – TR11 4BE. SERVICES – Mains water, electricity, gas, drainage. For Council Tax see www.mycounciltax.org.uk. DIRECTIONS – Proceeding into Falmouth along Dracaena Avenue, ascend the hill to the roundabout at the top of Killigrew Street. Go straight over this roundabout onto Western Terrace and at the next roundabout go straight over on to Melvill Road headed towards Pendennis Point. Follow Melvill Road all the way along, passing the Princess Pavilion on the right hand side and after a short distance there is a turning on the left hand side onto

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Lansdowne Road. The property can be located on the corner of both Lansdowne Road and Melvill Road. AGENT’S NOTE 1 – The above particulars have been prepared as a general guide only for prospective buyers. Whilst we have endeavoured to provide a fair and reasonable description of the property, no specific survey or detailed inspection has been carried out in relation to the property, the services, the appliances and any fixtures and fittings or equipment. All buyers should rely on their own surveys and investigations in connection with any purchase of the property. All measurements, floor plans, dimensions, acreages and distances are approximate only and should not be relied upon for accuracy. AGENT’S NOTE 2 – All of the top quality fixtures and fittings within the five letting suites is included within the sale. The furnishings within the owner’s accommodation is potentially available by separate negotiation. AGENT’S NOTE 3 – The Oceanic Luxury Suite Hotel is a Class C1 hotel and is owned by a VAT registered company. Any incoming purchaser should seek advice from their own accountant with regard to the purchase of a commercial freehold, the goodwill, fixtures and fittings and should rely upon their own advice in relation to VAT. AGENT’S NOTE 4

a) Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer must find out by inspection or in other ways that these matters have been property deal with and that information is correct.

b) VAT: The VAT position relating to the property may change without notice.

AGENT’S NOTE 5 – Account information, revenue and occupancy information can all be made available at viewing appointments. OFFICE OPENING HOURS – Monday to Friday 9.00am to 5.30pm. Saturday - 9.00am to 1.00pm. NB: A number of staff are available for viewing appointments all day Saturday and all day Sunday.

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