Bed & Breakfasts for sale in Rye

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John Peacock (Feb 2017)
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Freehold Price: £1,200,000 Annual Turnover: £84,735
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Business Description
The property is located within a one minute drive of the historic town of Rye which is a very popular holiday destination all the year round. There are many local attractions including the Castle Museum, Harbour Nature Reserve.

The property is located in a picturesque position next door to an attractive county pub with has far reaching views. There is an extensive garden with the possibility of acquiring an adjacent paddock which could be developed to incorporate an up market camping (Glamping) facility.

The property has been operated as a holiday let since 2011 and has proved popular with families and other groups looking for short breaks and longer holidays. In addition, a ‘Wedding Package’ is offered which includes organising a marquee for the garden, etc. This is a service that could be developed further to include catering, entertainment, and so on.

Our clients advertise the property themselves via a popular website and also manage the changeover cleaning and any maintenance. This usually requires one or two visits per week.

Weekly rates range from £1,400 to £2,200. From April 2013 to June 2014 revenues totalled £84,735 and as of 18 June 2014 there are future bookings totalling £32,620.

The business represents a profitable operation as it currently stands with minimal input from the owner as well as having great potential to develop the weddings side of the business together with the possibility of introducing ‘Glamping’.

It would also be possible to revert the property back to residential use or to operate it as a Bed & Breakfast to incorporate owner accommodation.
Tenure: Freehold

Location Details: Playden village

Listed by: Transagents
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