Bed & Breakfasts for sale in Louth

View the "Unique & Unusual Nine Bedroom Hotel - Louth Lincolnshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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S Martin (Feb 2013)
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Leasehold Price: £106,000 Annual Turnover: £154,273
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Business Description
UNIQUE & UNUSUAL NINE BEDROOM HOTEL - LOUTH - LINCOLNSHIRE Built in 1818 by a local artist this Gothic Villa became a private school and in 1970 became a hotel. Situated in the market town of Louth which offers visitors splendid Georgian and Victorian architecture, fun activities, and an abundance of independent retail shops. The hotel is well equipped with a commercial kitchen, a Garden Room, Library & Bar, Lounge, Middle Room and a Large Function Room which is used as a Restaurant or Event Room for Weddings, Birthdays, Christenings or Corporate Business Events. The Hotel features the award winning Serendipity Restaurant highlighted on tripadvisor #1 of 78 restaurants in Louth. Also included is the vendors own accommodation comprising a two bedroom flat. Average weekly takings circa £3,500pw and net annual takings from Sep 2014 accts £154,273pa ANP for a working couple of £49,916 with huge scope to increase - Sadly the vendor does not want to sell but divorce forces the sale - Unusually offered as a Leasehold sale at an affordable price of offers in the region of  LH £106,000 as for the full sales details. Option to purchase 25% of shares for the freehold which would be £50,000 (Ref: H32202G).

Tenure: Leasehold

Listed by: Everett Masson and Furby
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