16th Century Manor House Turned 32-Bed Hostel for Sale in Todmorden, West Yorkshire
Todmorden, West Yorkshire
- Status
FOR SALE
- Date Submitted:
26/06/23
- Advert ID
515563
- Reference
93792 / Rightbiz
- Call Agent:
- Freehold: £375,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Business Details
YHA MANKINHOLES BEST & FINAL OFFERS DEADLINE NOON 15 SEPTEMBER 2023
BEST & FINAL OFFERS DEADLINE NOON 15 SEPTEMBER 2023
32 bed hostel set in the rural Yorkshire countryside offering an abundance of walking routes and trails.
Opportunity to acquire a unique freehold property currently operating as a 32 bed youth hostel.
Preference for continuation of business as a YHA franchise, with
options considered for an independent hostelling business, or change of use.
YHA is a national hostelling brand, charity and social enterprise with a 93-year heritage.
This property is trading and currently part of YHA’s network of over 100 hostels across England & Wales
www.yha.org.uk/hostel/yha-mankinholes
FREEHOLD £375,000 to include goodwill and fixtures and fittings.
The property is offered up for sale with a preferred option as a YHA franchise with continuation of the business as a youth hostel within the YHA network and under the YHA brand.
Other options could be considered including as an Independent hostelling business maintaining the use of the property as a youth hostel independent of YHA or as a potential change of use.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
Contact Agent
Listing Statistics
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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.
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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.
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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.
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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.
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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.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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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.
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