Hotels and Motels for sale in Sheringham

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BOUTIQUE HOTEL/B&B – NORTH NORFOLK COAST

Sheringham, Norfolk, England

  • Freehold Price: £1,250,000
Seller Reference: H33740E0
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: H33740E0
Request Details
Business Description
PART EXCHANGE (UK OR ABROAD) CONSIDERED

If you are looking to acquire a small hotel, B&B or guesthouse then look no further as this is one of the best in the county and you will be hard pressed to find better currently available to purchase. Enjoying an excellent reputation for it’s standard of accommodation and service it is clear to see why you will find this listed at no.1 in the area on Trip Advisor.

Situated in the delightful town of Sheringham on the North Norfolk coast which is famed for its steam railway that brings thousands of people to it each year. The town also enjoys the benefit of the Little Theatre and 40s weekend as well as many other events meaning there is a thriving business community and good year round trade to tourists and locals alike.

All serious buyers in a position to proceed are strongly advised to contact us to arrange a viewing ASAP as this will be one that goes quickly as it will be hard to view and not fall in love with it.

THE BUSINESS ITSELFTurnover to the end of March 2018 was in the region of £216k and this summer has seen occupancy rates running at 100% through June, July, August and September with £20k worth of advance bookings already made for 2019. The accounts show a very healthy net profit as one would expect together also with the additional benefits that come of running such a business.

Currently it is only the delicious breakfasts which are served however there is much scope to offer afternoon teas and a dinner service to both guests and the general public alike if desired.

The area enjoys a longer than usual season due to the attractions that bring people to the town and the business given, it’s rating and position, enjoys the benefit of this above others

ACCOMMODATIONALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The elegant Edwardian residence is located in one of the prime upmarket roads in the town set only approx.150m walk to the beach and promenade and offering stunning sea views from many of the rooms. In addition it is only a 5min walk to the main high street.

Currently set over 3 floors with 9 en-suite letting rooms all of which are very spacious with some being able to be considered as suites given the size and additional seating areas provided. Each is individual but with similar themes being carried on throughout the building, it is very much a unique and characterful place to stay. The rooms are fitted out to the highest of standards with lots of lovely touches which enhance the feel of being in a quality establishment. The dining room can seat approx. 30 covers and there is a relaxed seating area in the main hall which has the reception office off.

There is a large kitchen in which the guests breakfasts are prepared and which could easily accommodate an evening service as well. Despite being the commercial kitchen it is very tastefully fitted out and would not be out of place in a residential property.

The private accommodation has it’s own well fitted kitchen for the use of the owner together with lounge, bedroom, bathroom and storage areas, again all finished to a high standard. There is also a further reception room which the owner uses as a studio. There is an additional apartment used by the owners relative which provides a bedroom, bathroom, kitchen and large lounge. This is accessed off of the main hall and so could easily be converted into 2 further letting rooms.

Externally there is a delightful garden for the use of guests and parking for approx. 10 cars. There is however unrestricted on road parking and a car park a minutes walk away. To the rear is a private garden area for the owners use together with storage sheds. It is also noted that there is the possibility of development potential which may be of interest to some parties.

Trading hours:
Due to the nature of the business there are no opening hours as such. It should be noted though that the business closes for 6 weeks of the year.
Tenure:
Freehold
Is accommodation included?:
Yes
Listed by:
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