Summary - 81, St. Davids Hill EX4 4DW
12 bed 1 bath Guest House
**Standout Features:**
- Highly profitable licensed guest house with a solid trading history.
- 12 well-furnished letting bedrooms accommodating up to 21 guests.
- Prime location on St. Davids Hill, Exeter's main artery, close to transport and city attractions.
- Long-standing family ownership with a rolling refurbishment program.
- On-site parking for up to 5 vehicles and a charming central courtyard.
- Substantial annual income, with net profits nearing £90,000.
**Potential Concerns:**
- High local crime rate.
- No evening meals currently offered, with untapped potential for additional services.
- The main property may require ongoing maintenance, given its age and size.
**Summary:**
Discover the Telstar Guest House, an exceptional investment opportunity in the heart of Exeter. This legendary 12-bedroom property has been meticulously maintained and operates at impressive profitability, offering significant net profits approaching £90,000 annually. Boasting a prime location close to major transport links, university campuses, and tourist attractions, this guest house thrives on consistent year-round guests and strong forward bookings.
With a blend of Victorian charm and modern functionality, the guest house features spacious, well-appointed letting rooms, a welcoming breakfast room, and essential staff facilities. The exterior includes valuable off-street parking and delightful outdoor areas. While the bustling city center setting does come with a high local crime rate, the advantages of strong repeat business and the potential for growth—such as introducing evening meals or charging for parking—make this an enticing prospect.
Don’t miss out on owning a piece of Exeter’s vibrant hospitality industry. With the owners ready to retire and a full handover of operations available, this well-established guest house is poised for new ownership and continued success. Viewing is essential to appreciate everything the Telstar has to offer!
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