Handsome Double Fronted 4 Star Guest House For Sale

Business description

ASHDENE HOUSE
DERSINGHAM, NORTH NORFOLK

Handsome double fronted, 4 star guest house with smart owners' flat
Prominent roadside position, delightful gardens & sizeable car park
Close to the Royal Estate Sandringham & around 5 miles from the coast
Turnover £44,250 to 5 April 2008, around 34% up on previous year
Offers in the region of £435,000 – Freehold


A most imposing double fronted period property, built we understand in 1880 as a hotel. Ashdene House was purchased by our clients, a husband and wife, in 2005, both of whom work in the business. There has been a considerable investment in refurbishment since their purchase, including replacement shower rooms, new carpets and more recently a complete overhaul of one of the five letting bedrooms. Their efforts have been rewarded with a Four Star Silver award from enjoyEngland. For the benefit of owners, there is a smart flat with lounge, conservatory and double bedroom with en suite.

Situated a short distance from the Royal Estate at Sandringham, what better location could you wish for to capitalise on the many thousands of tourists that flock through its gates every year. Add the proximity to the RSPB reserves at Snettisham and Titchwell, along with the short drive to the coast, and you have the ideal
ingredients for a year-round business. The medieval town of King’s Lynn is around 10 miles away and the coastal resorts of Hunstanton and Wells-next-the-Sea are 7 and 20 miles respectively. Whether a commercial traveller, a walker, birdwatcher or visiting one of the many attractions that the area has to offer, Ashdene
House could prove an ideal location from which to explore.

Our clients have now decided to consider other opportunities, which means that Ashdene House has to be sold. Undoubtedly for new owners there is a tremendous foundation on which to drive the business forward. Indeed, the accounts show a 34% rise in turnover when comparing 2008 to 2007. We understand that previously the business has traded as a restaurant and thus still retains that potential, particularly when considering the prominent location and sizeable car park. Ashdene House provides a very comfortable home for owners coupled with a good level of turnover, as yet to be fully exploited.

THE PROPERTY
A two storey property of traditional construction having letting bedrooms to the first floor and a ground floor owners' flat.

PUBLIC AREAS
When approached from the front you enter the Reception area with attractive wood block flooring, reception desk straight ahead and guest wc to the right-hand side. To the right is the comfortable Residents’ Lounge furnished with twin sofas; there are ceiling mouldings and a feature fire surround. Left of Reception is the
Dining Room laid comfortably for 12, having lovely tall ceiling with moulding and dado rail and windows to two sides. (We understand that previously this room was used as a licensed restaurant.)

LETTING BEDROOMS
Five en suite letting bedrooms to sleep 12 – 2 doubles, 2 twin and 1 family room (4) with bunks. Four of the rooms have en suite shower facilities, the remaining twin room also has an en suite bathroom. Each room has central heating radiator, colour television, tea & coffee making facilities, alarm clock and hospitality tray.

OWNERS' ACCOMMODATION
A smart ground floor flat comprising a split-level sitting room with conservatory off, double bedroom with en suite bathroom and small office area.

SERVICE AREAS
A well equipped kitchen with commercial appliances and stainless steel work surfaces. There is a connecting door to the Dining Room and also the Reception. A utility room also leads off and has an external door to a rear courtyard.

OUTSIDE
There are delightful gardens, mainly to the righthand side of the property, including formal lawn with water feature; also, a small private sun terrace immediately adjoins the owners’ conservatory. A good sized gravel car park provides ample parking facilities and also access to the garage and adjoining workshop.

SERVICES
King's Lynn & West Norfolk Borough Council
Mains electricity, water & drainage. Gas central heating, double glazing.

LICENCE
We understand that the business has previously traded as a licensed restaurant.

2009 LISTINGS
enjoyEngland 4 star silver.

TRADE
A profit and loss account for the year ended 5 April 2008 shows a turnover of £44,250 on which there was an adjusted profit, before depreciation and after an adjustment for excessive repairs and renewals spend, of £25,709.

PRICE
Offers in the region of £435,000 are invited for the freehold property, complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DIRECTIONS
From the medieval town of King’s Lynn head out along the A149 towards Hunstanton. At the third roundabout take the exit onto the Lynn Road signed Dersingham; this road continues into Hunstanton Road. Ashdene House will be found at the crossroads where the B1440 joins from the right-hand side.
Hunstanton 7 miles, King's Lynn 10, Norwich 44, Peterborough 45.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold