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Lynwood, Outstanding guest house business

Keswick, Cumbria
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  • Freehold: £620,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Brief Résumé

Outstanding guest house business.  Large Victorian property offering total of ten bedrooms, including seven en-suite and spacious owner’s accommodation, flexibility and further potential, ideal location close to town centre. 

 

Description

Lynwood Guest House is situated within a pleasant and quiet residential area just a few minutes’ walk from Keswick town centre.  This is an attractive Victorian stone fronted building which still retains many of its original features including the impressive broad staircase, ornate plaster mouldings and cornices, and generously proportioned rooms.  The property is being maintained to a high standard by the present owners, and all guest rooms are very well appointed and presented to include quality fittings, central heating, flat screen televisions, hair dryers, complimentary trays and an integrated hardwired fire alarm system throughout.

 

Currently the business operates with seven/eight guest rooms, comprising five double/twin en-suite bedrooms, together with one further single en-suite bedroom.  On the third floor is a large “family suite” comprising one large standard bedroom next to a further single standard bedroom and with adjacent shower room and WC.  These rooms might equally serve as larger owner’s accommodation if required and on the first floor there is a further single standard bedroom currently used as a store-room.  The ground floor accommodation  also includes a spacious reception hall providing a warm welcome, a very spacious light south-facing dining room with large bay window to the front, and to the rear another large room serving as the owner’s private lounge which leads to a well-appointed kitchen and further owner’s living/dining room with utility area, cupboard and rear entrance lobby.  There are very pleasant outlooks and indeed fine views from some rooms.

 

The present owners have invested to improve the facilities for both guests and private accommodation, including the conversion of the rear garage to very useful additional owner’s accommodation.  The business has had an ‘Enjoy England’ 4-Star accreditation and Silver Award, plus a Trip Advisor Certificate of Excellence.  There is certainly some flexibility with the current accommodation and how it is utilised, offering potential to develop further this already successful business.

 

Keswick, is located on the northern shore of Derwentwater and surrounded by spectacular scenery.  The town is the principal tourist centre for the northern half of the Lake District National Park, and although the resident population is approximately 5,500, the huge numbers of tourists which visit the area each year make this one of the most visited towns in the UK.  The tourist season now extends throughout most of the year and is supplemented by many well-established events such as the Keswick convention, the Jazz, Beer, Literary and Mountain Festivals, and the now famous “Theatre by The Lake”.

Services

All mains services are connected.  The gas central heating system provides heating to radiators throughout, plus hot water.  A fire alarm and emergency lighting system is installed.

Business Rates/Council Tax

The Valuation Office website identifies the property as having a Rateable Value of £8,400.  The private accommodation is within Council Tax Band ‘A', and the Council Tax payable for the year 2019/20 is £1,294.25.

Offers

Offers are invited for the Freehold interest in Lynwood Guest House, as a going concern, with the benefit of forward bookings, goodwill, trade contents (excluding personal items and those specific items to be identified separately) and stock at valuation.  An inventory of contents will be prepared in due course.  All offers should be made to the Agents, Edwin Thompson Property Services Limited.

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Key Features

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Energy Performance Certificate (EPC)

Particulars / More Information

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Rest your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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