B&b Buckinghamshire With Planning Permissions | | Aylesbury Buckinghamshire | | Ardenwood bed and breakfast is an elegant Edwardian property set in 1/4 acre of gardens, which offers comfortable, spacious lodgings at good value for money prices. This is the ideal B&B accommodation for business travellers and weekenders visiting family. Freehold to buy B&b Buckinghamshire With Planning Permissions is located in Buckinghamshire. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56594
ADVERT IMPRESSIONS : 13,171 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Private Sale | FREEHOLD: | £995000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | This is a well respected established Bed and Breakfast business that has been running smoothly for the last 3. 5 years but which also has building and investment potential.
Asking Price: £995, 000
Estimated Asking price on completion of building works: £1. 4M (see below for details of planning)
Estimated Cost of building works: £151, 000
Income: is deliberately kept below VAT level by current owners
Website address: www. Ardenwoodbandb. Co. Uk - Ardenwood Bed and Breakfast currently has over 200 listings in the top 20 on Google/Yahoo and Bing.
90% of the customers come from the website, and are mainly business people.
Rated number 1 for accommodation in the area by travellers on Trip Advisor. See reviews: http://www. Tripadvisor. Co. Uk/Hotel_Review-g186222-d672208-Reviews-Ardenwood_Bed_and_Breakfast-Aylesbury_Buckinghamshire_England. Html
Property Description: Large Edwardian house set in excellent location within a walled garden of Ό acre with many original features. Located ½ mile from Aylesbury town centre, the railway station and the new Aylesbury waterside theatre.
Secure gated off street parking for 9 cars. 2008
CCTV - installed 2010
Electric Gates coded access - installed 2010
Smoke/heat and alarm system(wireless) - installed 2010
Commercial Planning permission granted June 2010
Planning permissions for Grade 2 listed barn
Planning permissions for further room at the entrance
Planning permissions for side extension offering an extra room above
Planning permissions for new orangery
Landscaping plans from Chelsea Show Gold medal winner
Good occupancy levels with potential to grow.
Great investment for the right person.
The property currently has 6 bedrooms (plus owners bedroom)
1 single with shared bathroom
1 Double en-suite
4 Doubles - with shared bathroom
Double rooms have zip and link super king beds, therefore have the capacity to be turned into twin rooms when required.
Planning
Barn: A grade 2 listed barn is within the grounds to renovate for use as extra accommodation. This work will require approximately £60, 000 to complete, income from renting out this unit will be approximately £1, 800 (£90 per night x 20 nights), and overall it is expected to add £170, 000 to the value of the property. (The current owners were going to use this as their own accommodation leaving another room in the main house to rent out).
Office/Extra Rentable Room: The cost will be approximately £16, 000 and add an overall £40, 000 to the value of the property. If used as a guest bedroom, income estimated at approximately £1500/month (£75 per night x 20 nights).
Orangery: The house currently has a large conservatory. The plans are to replace the current conservatory with an orangery, brick construction and a glass roof. The primary use for this space is breakfast area for guests; however the space will be large enough to offer as a meeting venue. The cost will be approximately £50, 000 with a potential income of £500 per month (£100 x 5 Days) Overall the orangery is expected to add £80, 000 to the value of the property. The Kitchen will also be extended within these plans.
Side extension: Downstairs side extension could be used for an ironing room etc; upstairs will be an extra let able single room en-suite. The cost of the total extension is approximately £30, 000 with an income of £980 (£49 per night x 20 nights)
Overall potential gains for the new investor/owner: Overall the property is a great investment and with the planning in place you will have the opportunity to add your personal touches to the building process. The estimated cost of works has been obtained from 2 local builders and is an estimate ONLY. The current owners accept no responsibility in the rough guide costs detailed in this advert.
Cost of work Income Overall value added to property
Office £16, 000 £1500 £40, 000
Barn £60, 000 estimated cost £1800 £170, 000
Orangery £45, 000 £500 £80, 000
Side extension £30, 000 £980 £30, 000
Totals £151, 000 £2800 £320, 000
Background Information on Aylesbury: Aylesbury is a good investment area. If you look back 10 years ago people were moving out of London to the end of the tube lines ( Amersham and Beaconsfield are good example of this) Now house prices are too high and this trend is pushing people further and further out. The tube time into London from these locations are approximately 50 minutes. Aylesbury is 50 minutes on the train into Marylebone.
1. Chiltern railways has increased the number of trains to Marylebone to accommodate the extra people commuting from Aylesbury.
2. Chiltern railways has extended the train line with a new station, there is talk of putting in an east west, west east route as the normal route would be via London to get to Milton Keynes or Oxford. 30 minutes by car, currently over 2 hours on the train.
3. Aylesbury vale district council have announced 20, 000 new homes in the area.
4. A new road infrastructure has been implemented to take account of more traffic
5. £110, 000, 000 re-development of the town centre shopping area is due to start shortly including a new Waitrose super market. (A sure sign the area is on the up).
6. The new Aylesbury Waterside theatre has been built 500m away from Ardenwood bed and breakfast at a cost of £36, 000, 000. Ardenwood is currently the closest accommodation to the theatre.
Current owners reason for leaving: Owner has business interests overseas and will be relocating.
Contact James Pybus for viewing and more information 07929030475
. | | | | | | FOR SALE | | | | | REFERENCE: | 56594 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
