Bed & Breakfasts for sale in Folkestone

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 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
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Leasehold Price: £115,000 Price Reduced Under Offer Annual Turnover: £109,257
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Business Description

BUSINESS - This is a very well established concern which has been in the present hands for 14 years and which is now only being marketed as a result of the Vendors wish to retire. This is primarily a commercial Guest House benefiting from an increase in trade during summer months. Tremendous potential exists for functions/meetings and more marketing.

TURNOVER – Accounts show £109,257 P.A. (April 2016)

PREMISES - Imposing Detached premises. Ground Floor: Entrance Hall: Dining room: 22 Covers at quality furniture, dumb waiter. Guest Lounge: Lounge/Bar: Lower Ground Floor: Commercial Kitchen: fully equipped, dumb waiter. Utility Room: 2 washers, 2 dryers. Sep W.C: 3 Store areas: Workshop: Office:

LETTING ACCOMMODATION - All rooms have colour televisions, tea and coffee making facilities and are decorated to a high standard. Arranged over 3 floors: Comprising: 5 Double Rooms: (3 with Shower ensuites). 3 Family Rooms: with double, 1 single and Bunks (2 with shower ensuite – 1 with adjoining shower ensuite) 3 single Rooms: (1 with shower ensuite) 2 Twin Rooms: (Both with shower ensuite). A further Shower Room and W.C: and 2 further Sep.W.C’s. Owners Accommodation: comprising: 2 Double Bedrooms: Lounge: Shower Room: Private Kitchen/Diner: Store Cupboards:

OBSERVATIONS – The premises benefit from part gas fired central heating and part electrical heating. The premises are decorated and furnished to a high standard.

OUTSIDE – Car Park: with 12 parking spaces. Beautiful Garden: Well maintained with Lawn, flower and shrub borders. Greenhouse: Shed:

TENURE – A new 20 year lease is available. EPC RATING – Band D

RENT - £17,50 P.A. RATES – Zero payable 15/16
Tenure: Leasehold

Location Details:

These imposing detached premises occupy a prominent trading position fronting a busy main road, 0.5 miles from the town centre. The harbour and seafront are 1 mile distant and the Eurotunnel terminal is approx 3 miles distant.

Leasehold Term:

A new 20 year lease is available to an ingoing tenant with a starting rent of £17,500 PA.

Listed by: Apex Business Sales
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