WELL PRESENTED & MAINTAINED HOTEL
Price:
Freehold - £865,000
Location:
Gloucestershire , Cheltenham
WELL PRESENTED & MAINTAINED HOTEL
Situated in the highly desirable area of Cheltenham
10 beautifully presented en-suite bedrooms
Advised annual turnover of £110,000
Owners’ 1 bedroom accommodation
Early viewing highly recommended
Scope for further development
5 star rated
FREEHOLD
Business History
Meridian Business Sales are delighted to offer to the market this well presented guest house which has been established since circa 1902 and in the careful hands of our clients since 2007. Our clients are reluctantly offering the business to the market due to their desire to retire. Since our client(s) took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £110,000 with good profit margins, which is derived from offering award winning accommodation to all who wish to visit and a welcoming service which has built up an excellent reputation making the business what it is today. The hotel is extremely popular due to its’ location in the business district and its forward bookings run well into 2012. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
The property is situated on a good size plot, nestled on the upper slopes of Cleeve Hill which is often described as the gateway to the Cotswolds commanding the highest point in the Cotswold hill range and in the County at 1,083 feet (330 meters). A short walk will take you to the heart of Cleeve Common, which forms part of the 'Cotswold Way', an area of outstanding natural beauty. A short drive will take you to, two of the most beautiful Cotswold villages of Winchcombe (3.2 miles) and Broadway (11.4 miles), which provide excellent shopping and recreational facilities. The Regency town of Cheltenham is approximately 4.5 miles away with its excellent choice of schools to include Cheltenham Ladies College, Cheltenham College (co-ed), Dean Close and St Edwards. Cheltenham is known for its Regency buildings and period features dating back to the 18th and 19th Centuries. Various annual events attract visitors to include the Science, Jazz and Literature festivals and not forgetting The Chel
A distinctive Edwardian, detached property built circa 1902 as a bed & breakfast business. A 3 storey property with accommodation on ground, first and second floors with part rendered elevations under a pitched slate roof.
Internal Details
Front entrance porch opening to reception hall. Large ‘L’ shaped comfortably furnished lounge arrange in 2 areas, front lounge with feature fireplace, ceiling cornice and picture rail. Square bay window with French doors to front patio.
The rear lounge area with period features, fireplace, bar servery, dining area with 2 dining tables. Door to conservatory dining room furnished for 14-16 covers.
Ancillary Areas
Kitchen, dry store, laundry room and staff toilets.
Letting Accommodation
There are 10 attractively furnished en-suite letting bedrooms equipped with flat screen televisions and hospitality trays.
There are 7 double bedrooms including 1 four poster together with 3 double/twin bedrooms with zip and link beds which include 2
North Yorkshire
£ 750,000
Gloucestershire
£ 650,000
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