Guest Houses for sale in Lincoln

View the "Mayfield Guest House Lincoln, Lincolnshire LN1 3NQ" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Freehold Price: £450,000 Turnover: £66,000
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Business Description
Business
Hilton Smythe are pleased to welcome to the market the Mayfield Guest House. The business has been operated by the current owners for over 20 years and is located in an enviable position with stunning panoramic views over the city and Trent valley. Due to a wish to retire this exciting opportunity has now become available on the open market and would benefit from a new operator putting their own spin on things to take the business opportunity at this stunning site to the next level.

The Guest House has the benefit of 5 en-suite letting rooms spread around the property which are in first class condition and maintained all the original features of the old house with fireplaces and period architrave. The rooms all have the benefit of flat screen TV’s, hairdryers, tea and coffee making facilities along with a healthy fast fibre wi-fi connection. All rooms include a full English breakfast if required.

The property has recently undergone some refurbishments with improvements to the kitchen as well as the construction of a guest conservatory which will only go to improve the standing of the Mayfield, making the guests stay even more enjoyable.

The business enjoys a regular stream of visitors proving popular with tourists, business people and parents visiting students alike and is run in a way that suits the lifestyle of the current owners.

The Guest House represents the opportunity for a new owner to tap further into the local area and grow the occupancy rate of the site, to provide a healthy and very profitable income stream. The business website is www.mayfieldguesthouse.co.uk this allows for online bookings and is filled with lots of information.

This represents a rare opportunity to obtain a freehold property of this stature with an established lifestyle business already generating a healthy income. with further details available from Hilton Smythe.

Location
Mayfield Guest House is situated in uphill Lincoln along the Yarborough Road which is accessed just off the A46 on the outer ring road around Lincoln.

The guest house is easily accessible by car and public transport with parking for six vehicles to the rear of the property accessed off Mill Road.

The property is located close to the old city with stunning views of the city and Trent Valley. From the house it is an easy level walk to the castle, cathedral and the historic old city centre; making this an ideal location for tourists.

Premises
Large period dwelling located along the sought after Yarborough Road in the popular tourist location of Lincoln with 5 en-suite letting rooms.

On entry is a large hallway with stairs leading up to the accommodation; this space also has leaflet stands and seating.

The ground floor also has:

A large dining room with ample covers; this room has a bay window and fire.

Fully equipped kitchen with hob, oven, wall and base units.

Laundry room with 4 machines.

There is a storage room for cleaning products and shelving for linen etc.

Room 1 – Double room with separate en-suite shower 4.2m x 2.7m

Room 2 - Family room containing 1 double and 1 single bed with en-suite shower 4.2m x 4.2m

Room 3 – Large double room with king size bed, en-suite shower 5m x 4.2m

Room 4 - Double room with en-suite shower 4m x 3.9m

Room 5 - Ground floor annexe room with separate shower & en-suite 4.9m x 2.6m

(all sizes are approximate)

Owners accommodation – Double bedroom linked via hallway to bathroom/en-suite, this is a ground floor suite with the added benefit of being separate from the guest areas. Owners sitting room with stunning views and access to the patio and steps down to the lawned garden through sliding patio doors. There is a separate entrance for owners’ accommodation.

Fitted with a new Worcester Bosch boiler fitted in 2016, all electric equipment has been PAT tested, full electrical safety certificate, smoke and fire alarms throughout the dwelling.

To the rear is off road parking for six vehicles, with the addition of parking permits for additional vehicles.

Detached double garage with up and over door.

The site is being sold with all equipment necessary for it to function in its current format.

Tenure
We are advised the business is being offered on a Freehold basis.

Hours
The business currently operates for approximately 48 weeks of the year on a bed & breakfast only basis.

Staff
The business is run and managed by the current owners’.

Financial Profile
We are advised the business is currently turning over in the region of £66,000 per annum with a healthy gross profit; trading at a 60% occupancy rate.

Excellent opportunity for further growth.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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