Guest House For Sale In South Cambridgeshire, Six Letting Rooms | | Melbourn Cambridgeshire | | Riverside setting in the village of Melbourn to the south of Cambridge. Six en-suite letting rooms and scope for two additional bedrooms (SPP). Private accommodation in a separate two bedroom bungalow. Ample off-road car parking. Trading all year round. Freehold to buy Guest House For Sale In South Cambridgeshire, Six Letting Rooms is located in Cambridgeshire. | | ADVERT NUMBER : 45952
ADVERT IMPRESSIONS : 19,950 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Private Sale | FREEHOLD: | £575000 | | | | | BUSINESS DETAILS: | This family run guest house occupies a prime position by the banks of the river Mel on the edge of Melbourn village in south Cambridgeshire. Built in 1900, the building was professionally converted into a guest house in the mid 1990’s. The guest house includes six en-suite letting rooms located on the first and second floors with the majority enjoying views over the river and the open fields beyond. The entrance hall, reception, breakfast room, re-fitted Kitchen and a private office, bathroom and dining room are situated on the ground floor. The owner’s accommodation is provided by a self contained bungalow which is accessed via a courtyard garden to the rear of the guest house. This bungalow includes two double bedrooms, a lounge, a re-fitted kitchen, bathroom and a sun lounge. To the front of the property is a sizable car park with a grassed area leading down to the river bank. Location
Melbourn village is a thriving village with many facilities. It is located in the south west corner of Cambridgeshire, adjacent to the A10 about 2.5 miles north of Royston and 9 miles south of Cambridge. It can easily be accessed from the M11 via the (A505 or A10) and the A1 (via the A505 and A10). Riverside is only a few minutes walk away from Meldreth station with trains to London and Cambridge. Stansted and Luton airports are both about 20 miles away. Business Sources and Clients
Riverside Guest House enjoys a high level of repeat booking and “word-of-mouth” recommendations. It attracts visitors to the local businesses in Melbourn, Royston and other nearby villages. They form a high percentage of the midweek bookings. At weekends, Riverside attracts people attending weddings and other functions in the area, visitors to the Duxford Air Museum and people simply visiting friends and family in Melbourn, Royston and the other surrounding villages. Staff Structure and Trading Hours
The guest house is owned and operated by a husband and wife team who are both involved in all aspects of the business. They operate the business to suit their personal life style taking several long weekends and holidays during the year. During the last couple of years they have operated the guest house for about 300 trading days per year. This allows them to trade just below the VAT limit. They have now decided to take a well earned retirement. Scope and Potential
Whilst the current owners have made many improvements to this well presented and popular guest house they have run the business to suit their preferred life style. The owners believe that the business could be developed further in the following ways:
• Increase the trading period – by opening 365 days per year a new owner should increase turnover by at least 15% with no increase in overhead costs. • Provision of extra letting rooms – The private office, bathroom and dining room on the ground floor of the guest house could be converted to a pair of extra en-suite bedrooms (subject to planning permission). This would also provide the opportunity to create one or two disabled-friendly guest rooms; which the guest house currently lacks. Tenure
The property is freehold
Tariffs
The room tariffs are as follows:
• Single room - £45.00 per night
• Double or twin room (single occupancy) - £55.00 per night
• Double or twin room (double occupancy) - £70.00 per night. These prices include a full English breakfast, Wi-Fi internet access and free car parking. Financial data
The owners are currently trading just below the VAT limit. During the financial year ending in April 2010 turnover was £66779, with a gross profit of £58617. Further details will be made available to prospective purchasers. | | | | | | WITHDRAWN FROM MARKET - AWAITING DELETION | | | | | | | | | | | |
