Turnover £52,000 PA
5 Double Rooms
Room for Expansion
EPC Rating - D
Blacks Brokers are proud to introduce this well presented guest house located in Tyne and Wear.
The Magpies Nest stands prominently amongst a terraced row in the beautiful area within South Shields, with complimentary outlets in the surrounding area. The current owners established the business in 1960, which enjoys the many benefits of repeat and consistent repeat trade as well as vast amount of tourists over the summer months due to its much sought after location.
Upon entry, you are lead to a large hallway which has many of its original features with a high ceiling. There is a large communal dining room which has up to 14 covers for guest use, also on the same floor is a large double en-suite bedroom with kitchen facilities and a utility room. The first floor consists of four bedrooms, two of which are double en-suite. Another two en-suite bedrooms including a large family room and a twin bedroom. The guest house has the luxury of parking to the front of the premises.
The business enjoys a healthy turnover and could really benefit from someone looking for a lifestyle change. The guest house could improve upon its already consistent high figures firstly by increasing the dining facilities, adapting the menu and offering both evening meals as well as breakfasts. The business website could be vastly improved in order to gain new visitors alongside the repeat custom it enjoys and would no doubt benefit from a bar incorporated into the dining area, subject to granted consent.
The Magpies Nest is a once in a lifetime opportunity not to be missed and is only being sold due to retirement, consequently early viewing is strongly recommended.
Location Details: South Shields
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