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.

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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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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