Bed & Breakfast In Berkshire For Sale

Business description

Bed & breakfast letting accommodation (for sale freehold or with a new lease)

Fourteen letting bedrooms plus manager’s office

Attractive Modern Bed & Breakfast Letting House well situated immediately adjacent to the centre of a prosperous Berkshire Country Town.

The Freehold Premises of brick construction with tile hung façade offers accommodation on the ground and two upper floors.

Ground Floor:- Two Letting Rooms. Manager’s Office. Dining Room.

First Floor:- Six Letting Rooms. Shower / Toilet. Cloakroom (wash basin & toilet).

Second Floor:- Six Rooms. Shower. Cloakroom (wash basin & toilet).

Outside:- Small Patio Yard

The premises are central heated with a gas-fired unit serving radiators (not tested).

The rooms are all furnished to a basic standard with fitted carpets and a TV. Of the fourteen letting rooms eight are twin, four are family rooms and two are single rooms.

We are advised that the business is trading to a high occupancy level servicing the economy market at a nightly rate of £30 single / £40 double. Weekly terms £100 / £125 / £150.

The concern is run under management.

Purchase Options:-

A). Price required for Freehold property together with the fittings, fixtures, utensils, furnishings and equipment of the Bed & Breakfast Lettings business carried on therefrom:-

£625,000

OR

B). The Vendor will grant a fully repairing and insuring lease on the property for a term of ten years at a commencing rent of £50,000 per annum. Subject to a rent review after 5 years.
On this lease basis price required for fittings, fixtures, utensils, furnishings and equipment of the
Bed & Breakfast Lettings business carried on therefrom:-

£35,000

NB. In order to fully comply with the Planning Consent for use of the premises as a Bed & Breakfast Letting House there are some building works required.

Property information

Property:

Freehold

Lease terms:

The Vendor will grant a fully repairing and insuring lease on the property for a term of ten years at a commencing rent of £50,000 per annum. Subject to a rent review after 5 years.

Leasehold rent:

£50,000 per annum