Established Year Round 4 Star Guesthouse Excellent Condition For Sale

Business description

Detached guesthouse (EnjoyEngland four star rated) with 4/5 letting bedrooms (4 en-suite: 1 single, 2 twin, 1 double with extra single bed, plus 1 single/twin with dedicated but separate shower/WC). Conservatory dining room seats 10. Fitted kitchen and utility area. Gas central heating throughout. Property has been very well maintained and is in excellent decorative order. Carpets and curtains all in very good condition. All guest rooms and conservatory double glazed. High level of occupancy and repeat business. £425,000 to include fixtures, fittings and goodwill. Detached double garage. Easily maintained garden to side and rear. Off-street parking for 4/6 cars. Ready for purchaser to take on with no decorating necessary.

Property information

Property:

Freehold

Living accommodation:

Currently 1 double groundfloor bedroom en suite and a very attractive lounge with elegant fireplace with gas coal-effect fire.

Location:

Situated in the main island town of Newport. 2 minutes walk to shops, restaurants, amenities, bus station. Excellent public transport service to all areas of the island and ferry connections.

Other information

Expansion potential:

The owner currently owns and uses a recently built three bedded bungalow to the rear of the guesthouse for additional lettings and about half of these lettings could easily be accommodated in the main guesthouse. The turnover figure as quoted reflects this. The owner may also consider selling the bungalow. In the guesthouse the 5th bedroom is presently not being let (being used by family member). Children or pets not currently accepted. Owner's lounge was originally a bedroom and water and drainage is still in place. A marked reluctance to take one-night bookings!

Competition / Market:

Very little competition, one of only 3 Newport guesthouses and the most central. Currently run in relaxed fashion and marketed only through tourist office. Not reliant on holiday makers. Much return year round business - professional/contractors/walkers/cyclists/ family visitors.

Support & training:

This is an easily run home with income. Uncomplicated. Advice freely given.

Reasons for selling:

Retirement, so keen to sell !!

Trading hours:

Open all year

Website:

www.littenparkguesthouse.co.uk

Contact the seller