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BUSINESS REFERENCE : 10257 / RightBiz FREEHOLD GUEST HOUSE FOR SALE IN SPALDING, LINCOLNSHIRE | | | | | | Guest House Lincolnshire T/O: £72,000 GP: 80% Well established and highly regarded business. Prime trading position. 7 letting rooms with en-suite facilities. Separate private accommodation. Infinite future potential. Freehold: £899,950 + SAV | | | BUSINESS LOCATION: | Spalding Lincolnshire UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £850,000 + SAV | | | | | | | | | | | BUSINESS DETAILS: | Mear Lodge Guest House is ideally located, in a prime trading position, on the outskirts of the popular and thriving town of Spalding in Lincolnshire. The guest house is situated on a large corner plot close to the A16 trunk road, from which it is highly visible to passing traffic. The A16 is the main road linking the towns of Spalding, Peterborough, Stamford and Boston. The guest house is also within easy travelling distance of the City of Lincoln and the popular market town of Kings Lynn.
Bag a Business is delighted to offer for sale this excellent guest house in Spalding, Lincolnshire. Mear Lodge was purpose built and opened by our client in May 2006, being furbished to produce a high quality guest house. It is only now being offered to the market due to his strong wish to retire. The property is split into two parts, one being the farmhouse, which is currently used as the owner's private accommodation. This has belonged to our client since January 1997 and has undergone extensive refurbishment to a high standard. The second part is a newly built courtyard block containing letting rooms. There is also a fully fitted catering kitchen, guests' breakfast/dining room and guests' lounge and bar. The property has a large double garage that could also be converted into letting rooms, which would further enhance the already impressive turnover of £72,000 per annum. The guest house is currently being run at a pace to suit our client, trading Monday to Friday only, offering the new owner further scope to expand the business, perhaps by converting the garage and opening for weekend trade, for which we believe there is great demand. Bag a Business strongly recommend early viewing to appreciate the quality of this business.
PROPERTY DETAILS
Large, 2 storey traditional farmhouse with separate purpose built letting rooms and extensive parking.
GROUND FLOOR MAIN HOUSE
Main entrance leading to-
Inner hall
Large lounge with picture window to the garden
Dining room with picture window to the garden
Fully fitted kitchen/diner
Utility room
W/C
Boiler room
From the rear yard a door accesses a corridor leading to guest house accommodation, briefly comprising:
Fully equipped catering kitchen
Breakfast and dining room with wooden floor and quality furniture
Guests' lounge and bar area with fully equipped bar, quality furniture, gents' W/C and ladies'/disabled W/C
Path to letting rooms
Courtyard with brick built smoking area leading to:
7 en-suite letting rooms, fully tiled with power showers
All letting rooms are of large proportion and can be used for double, twin or family rooms
Store/utility room housing boiler for the accommodation block
FIRST FLOOR MAIN HOUSE
Staircase leading to:
3 double bedrooms
Box room/office
Fully fitted modern bathroom
Master bedroom has large separate room that could be used for en-suite or a nursery
EXTERNAL
1 acre plot
Double garage suitable for convertion
Private gardens to front and rear of the property
Patio
Parking for 20 cars
OPENING HOURS
To suit
FINANCIAL DETAIL
W/T: £1,175 approx
GP: 80%
TENURE
Freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10257 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
