Excellent Freehold Guest House | | Exeter Devon | | EXCELLENT 14 BEDROOM GUEST HOUSE WITH OPTION TO PURCHASE AS TWO SEPEARTE 7 BEDROOM DWELLINGS 4* guest house with 11 en-suite letting rooms & 3 bedroom owners’ accommodation Ideal highly visible prime location with easy access to city centre | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60042
ADVERT IMPRESSIONS : 22,531 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Guest Houses | | SALE: | Agent Sale | FREEHOLD: | £695,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | EXCELLENT 14 BEDROOM GUEST HOUSE WITH OPTION TO PURCHASE AS TWO SEPEARTE 7 BEDROOM DWELLINGS
4* guest house with 11 en-suite letting rooms & 3 bedroom owners’ accommodation
Ideal highly visible prime location with easy access to city centre
Many repeat visitors and good word of mouth recommendations
Advised turnover of £105,000 PA with good gross profit returns
Option to purchase property 30 & 32 as two separate dwellings
Early interest and viewing is highly recommended
Reduced from £875,000 Plus SAV for quick sale
Sale price includes all fixtures and fittings
Solid trading history since establishment
Genuine reason for sale
FREEHOLD
Location
This superb freehold 4 star guest house has a prime highly visible location situated just outside the city centre of Exeter which is in Devon. The property stands proud on Heavitree Road which is one of the main arterial routes into Exeter city centre. The guest house is conveniently located within a five minute walk of Exeter bus/coach station and the main shopping areas of the city making it an ideal central point for many visitors. Exeter itself is the regional capital of the southwest and is an established expanding business centre coupled with being a popular tourist destination attracting visitors both foreign and domestic throughout the year. The city is renowned for its historic Cathedral, University and waterside developments. Exeter boasts excellent transport communications with two mainline rail links to London, an international airport and easy access to the M5 motorway making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent guest house which has a proud history dating back to the 1960s. Since 1996 it has been owned and run by our clients who are only now placing it onto the market due to their strong desires to relocate. The business achieves a very respectable advised annual turnover of £105,000 which is derived from offering 4 star, en-suite guest accommodation to a large range of visitors throughout the year. The entire property is very well presented throughout with our clients going to considerable expense and effort which has resulted in a truly inviting facility that is a pleasure to visit. Our clients are very generously including all fixtures and fittings into the sale price which is ideal as a new owner would not need to spend additional funds for the foreseeable future. The guest house has always enjoyed excellent levels of repeat trade with many of the guests frequently visiting throughout the year. The guest house also sees a good amount of new visitors derived from good word of mouth recommendations and from the highly visible and prominent trading location. We would like to urge early interest in this opportunity as guest houses of this calibre rarely appear onto the market.
Financial Profile
Turnover: £105,000pa
Stock approximately: £1,500
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
The business and property is currently as a semi-detached 11 bedroom guest hose with owners’ accommodation, which consists of two properties. So there is an option to be able to split them and purchase each separately as follows:
Number 30 – Consists of the lounge/breakfast room, trade kitchen, utility room and 7 en-suite bedrooms. This is a mid terrace property and would be available to purchase separately for £350,000 plus SAV
Number 32 – Consists of the dinning room, private lounge, office, private bedroom, 6 en-suite bedrooms. This is a end terrace property and would be available to purchase separately for £395,000 plus SAV.
Note: All letting bedrooms are each attractively presented and offer LCD flat screen TVs, direct dial telephones, hairdryers, tea and coffee making facilities and alarm clock radios.
GROUND FLOOR - Entrance door into reception hall leading to reception office and stairs to first and second floor. Breakfast room an attractive and comfortably furnished room well appointed with a range of freestanding tables and chairs comfortably seating 24 guests, bay windows to the front, feature fireplace and coved ceiling.
Modern fitted kitchen with a range of base and wall mounted units and complementary work surfaces, double bowl stainless steel sink unit, oven, microwave, deep fat fryer, extractor fan, 4-ring gas hob, wash hand basin, fridge, freezer, toaster and hot water boiler. Laundry room with commercial tumble dryer, washing machine, racked laundry cupboard, boiler cupboard and door to side.
Owners’ office with desks, chairs, filing cabinet and computer systems.
Bedroom 11 - Double room with aspect to rear and en-suite shower room.
Bedroom 12 - Superior double room with bed settee, attractive bay windows to the front and en-suite shower room.
Bedroom 15 - Double room with aspect to rear and en-suite shower room.
FIRST FLOOR - Bedroom 5 - Superior double room with comfortable seating area, attractive bay windows to front and en-suite shower room.
Bedroom 6 - Double room with aspect to rear and en-suite shower room.
Bedroom 9 - Twin room with aspect to rear and en-suite bathroom.
Bedroom 10 - Superior double room with settee, attractive bay windows to front and en-suite shower room.
Owners’ accommodation – 2 x double bedrooms with bay windows to rear one of which has en-suite bathroom. 2 single bedrooms one with adjoining en-suite and 1 currently used as storage. Private lounge and dining room with oak flooring plus patio doors to the side.
SECOND FLOOR - Bedroom 1 - Double room with aspect to rear and en-suite shower room.
Bedroom 2 - Double room with aspect to front and en-suite shower room.
Bedroom 3 - Double room with aspect to front and en-suite shower room.
Bedroom 4 - Double room with aspect to rear and en-suite shower room.
EXTERNAL - To the front of the property is an attractive paved garden. To the rear are 4 private marked parking spaces which are accessed by a service lane that runs along the rear of the adjoining properties.
| | | | | | FOR SALE | | | | | REFERENCE: | 2546 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
