Bed & Breakfasts for sale in Lincoln

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Imran Ahmed (Nov 2014)
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Freehold Price: £550,000 Annual Turnover: £50,000 Annual Net Profit: £45,000
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Business Description
Many period features including original flooring and feature fireplaces
3 bedroom private living accommodation with large living space
Advised turnover £50,000 PA with good gross profit returns
Ideally situated in the centre of Lincoln
8 guest bedroom accommodation
Secluded rear parking facilities
Early interest is highly advised
Prime corner location property
Genuine reason for sale
FREEHOLD

Business History

We are delighted to offer for sale this truly exceptional guest house which has a proud history dating back to the 1940s.

The business and property have been owned by our clients since 1998 and are only now placing it onto the market due to their strong desires for retirement.

The guest house achieves a very respectable advised annual turnover of £50,000. This is derived from offering quality accommodation to a wide range of customers throughout the year.

Our clients have always enjoyed excellent levels of repeat trade and have seen returning visitors year in year out.

The business also sees a good amount of new visitors from the businesses highly visible location, good Internet advertising and from good word of mouth recommendations.

Our clients have gone to considerable expense and effort on the properties presentation which has resulted in a truly beautiful property.

Our clients are very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future.

We would like to urge very early interest in this opportunity as a guest house of this size rarely hits the market at such a favourable asking price.

We feel that this opportunity gives a new owner a fantastic base to build upon and offers a wonderful lifestyle change opportunity.
Trading Hours:
Trades all year round


Tenure: Freehold

Accommodation Details:

Beautifully presented property with private staircase to owners’ 3 bedroom accommodation plus 8 guest bedrooms off main staircase, briefly comprising of: GROUND FLOOR Iron gated entrance leading to open front area with two seating and dining areas, decorative flower beds and plants plus front door entrance/reception porch: Front welcoming/reception area with original flooring and beautiful feature staircase. 2x offices, one with reception window. Linen storage room Bedroom One - Family with en-suite toilet, shower and wash basin Bedroom Two - Double with wash basin, shower and toilet in room Spacious guest lounge with sizable seating space and feature fireplace. Commercial kitchen with rear storage areas and staff toilet. Large dining room with fitted serving area, 16 - 20 covers with well spaced tables and chairs plus floor to ceiling windows overlooking rear area. Corridor accessing external door and private living areas plus visitor information area with leaflet display, large storage cupboard and door to external rear area. FIRST FLOOR Bathroom with toilet, shower and wash basin Bedroom Three - Double with en-suite toilet, bath and wash basin Bedroom Four - Double with en-suite toilet, bath and wash basin Bedroom Five - Double with en-suite toilet, bath and wash basin Bedroom Six - Grand double with toilet, shower and wash basin Stairs access to second floor SECOND FLOOR Bedroom Seven - Double with seating area and en-suite bath, toilet and wash basin Bedroom Eight - Family with seating area and en-suite toilet, shower and wash basin. Self Contained Private Living Accommodation - Spaced over three floors is a ground floor bedroom, bathroom with toilet, bath and wash basin and a large double bedroom. Stairs to second floor leading to living room with decorative wooden ceiling and a large single bedroom with wash basin in room.

Location Details:

This truly exceptional freehold guest house with private living accommodation is situated in the beautiful city of Lincoln.

The business has an ideal trading location from being situated on one of the city’s main access roads which leads directly into the city centre.

The property also holds a prime corner location which adds to its high visibility to the masses that pass through the area on a daily basis. The neighbouring area has a fine display of homes with a good variety of commercial style businesses.

The area is considered by many to be one of the most desirable within the city of Lincoln. Just a few hundred yards from the guest house is the Brayford Marina which provides waterside dining to suit all tastes including Italian, Mexican, Indian, Oriental and traditional English. They are also 3 minutes away from the University campus making it an ideal location for visiting parents and lecturers.

Alongside these are numerous bars in various styles fit for all age groups, most serving pub style food in either traditonal or trendy modern surroundings.

The city centre of Lincoln is less than 10 minutes walk from the guest house and passing along the waterfront is the city centre shopping areas where there are a wide variety of shopping facilities including department stores and the high street with individual boutiques and national retailers.

Lincoln Castle, Cathedral and Theatre Royal all attract a good variety of visitors both foreign and domestic and are all within very easy reach of the guest house making it an ideal place to stay to enjoy the beat of the city.

Lincoln also benefits from being approximately 35 miles away from the M1 motorway which makes travelling and commuting very easy.

Listed by: Meridian Business Sales Limited
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