07 Jun 19 by Samantha Johnson
Vickery Holman have recently valued several guest houses and hotels within the North Devon coastal village of Lynton. With a population of around 1,200 the village is reliant on the holiday season, it is a popular tourist destination known as the ‘Little Switzerland’.
Vickery Holman have a wide range of valuation knowledge across the regions and this is shown by being asked to value a hotel in Lynton for re-financing purposes comprising an 8 bedroom hotel with owners accommodation. The valuation was requested on a trading basis where we had regard to the profit and loss accounts.
Having completed that valuation, Vickery Holman were instructed to provide another valuation for a 13 bedroom Bed and Breakfast with owners accommodation again, with the valuation on a trading basis.
Samantha Johnson, Head of Valuation Services said “It is encouraging to see a number of local hoteliers look for funding to improve their accommodation in light of the ‘stay-cation’ trend. The team of valuers here at Vickery Holman cover the whole region and are able to provide valuations for all leisure purposes including hotels, caravan parks along with pubs, restaurants and cafés. Our expert and local knowledge allows us to undertake valuations across the South West Region so please do get in touch with a member of the valuation team to see how we can assist you.”