SUPERB 4/5 BEDROOM BED & BREAKFAST

Price:

Freehold - £375,000

Seller Ref:

2650

Location:

Cheshire, Chester

Business Type:

Hotels

See Other:

Bed & breakfasts for sale in Cheshire
Guest houses for sale in Cheshire
Hotels for sale in Cheshire

Description:

THE BUSINESS:

SUPERB 4/5 BEDROOM BED & BREAKFAST
Advised annual turnover of £37,800 (based on letting 4 bedrooms only)
Very well appointed and presented mid terraced property
Early interest and viewing is highly recommended
4/5 bedrooms with 1 bed owners’ accommodation
Dual usage as B&B or residential property
Property dating back to the late 1800s
Sale includes all fixtures and fittings
Prominent trading position
Main road location
Easy to manage
FREEHOLD

Business History

Meridian Business Sales are privileged to offer to the market this superb 6 bedroom mid terraced property dating back to the late 1800s. The property has been in the careful hands of our client for the last 22 years. The only reason this opportunity is being offered to the market is due to our clients desire to concentrate on other business interests. Since our clients took ownership of the property, they have transformed it from bedsits to a bed and breakfast which can also be converted back to a residential property if desired. The advised annual turnover is £37,800 based on letting just 4 rooms. Currently 1 of the bedrooms is being used as a lounge and the other for owners’ accommodation. Prices start from £20 per person, per night and breakfast can be provided at an additional cost of £5, guests consist of business professionals, contractors and tourists. This business can be run with little effort and therefore should attract buyers from anywhere due to it benefiting from owners’ private accommodation. Our clients have gone to considerable expense and effort on the presentation of the property and are very generously including fixtures and fittings in the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. This is a superb opportunity and as such Meridian Business Sales recommends early viewing.

Location Details:

This character bed and breakfast stands on a prominent main through road in the desirable area of Hoole. Hoole is a suburb in the east of Chester, in the unitary authority of Cheshire West and Chester and the ceremonial county of Cheshire, England. The settlement was first mentioned in the Register of the Abbey of Saint Werburgh in 1119. The name is believed to mean "at the hollows" (or hole), possibly referring to the "hollow way" formed by a Roman roadway. Hoole was a separate urban district in Cheshire until 1954 when it was made part of the County Borough of Chester. Hoole is a residential area, contiguous with Newton to the north, and consisting of mainly Victorian terraced and 1930s semi-detached houses. Due to the proximity of the area to Chester City Centre, Chester railway station and the M53 motorway, the area is home to many hotels, guest houses and bed and breakfast establishments. The main shopping streets are Faulkner Street and Charles Street. Hoole has branches of fou

Accommodation:

Late 1800s mid terraced property (4/5 bedrooms and 1 bedroom owners’ accommodation), briefly comprising: GROUND FLOOR Entrance hallway Lounge or 5th bedroom Dining room Private kitchen/diner Utility/laundry room Family bedroom with en-suite shower, toilet & wash basin Cellar 2 rooms currently used for storage FIRST FLOOR Owners’ bedroom Twin bedroom with en-suite shower, toilet & wash basin Single bedroom with en-suite shower, toilet & wash basin Double bedroom with en-suite shower, toilet & wash basin Twin bedroom with wash basin and fitted wardrobes Bathroom with bath, toilet & wash basin Hallway/landing with linen cupboard, storage cupboard and access to boarded loft space. EXTERNAL Rear yard Parking for 4 vehicles Access road The property benefits from double glazing, gas central heating and an alarm. All rooms have TV with Freeview and tea and coffee making facilities.