Successful Italian Guest House And B And B In Abruzzo For Sale

Business description

This business is situated in the Abruzzo region of Italy in a hilltop location with magnificent panoramic views of the Apennine mountain ranges in one direction and the Adriatic sea in another, medieval hilltop villages and lush valleys in another. The property is currently divided into 3 self-contained apartments -one on each floor - each with its own private entrance. The top floor has two double bedrooms, 2 bathrooms, lounge, kitchen and terraces on all four sides which are large enough for outside dining and enjoy uninterrupted views of the mountains and sea. The ground floor has 3 double bedrooms, 2 bathrooms, lounge, dining room and kitchen and terraces on all four sides again with panoramic views. The lower ground floor has one bedroom, open plan living area/kitchen and shower room. There is a large patio area which also enjoys uninterrupted mountain views. There is ample outside parking and a garden with a Scandinavian Plunge Pool, BBQ, 42 olive trees and several fruit trees.

We have been renting out the house successfully as holiday apartments for the last 6 years. We have averaged around 50 weeks of bookings (across the 3 apartments) every year with minimal effort. Included in the sale is our website with on-line credit/debit card booking facilities and availability calendars for all 3 apartments.

There is plenty of potential for expansion - we have, so far, focused mainly on the high season i.e. summer weeks. There is potential for expansion into the low/mid season weeks by promoting 'special interest' holidays such as painting, cookery, gastronomy etc. In addition the property could easily be adapted for Bed & Breakfast accommodation, to bring in addition revenue - this would be particularly suitable for the Italian market.
Included in the price is also an additional plot of building land - 'edificabile' - next to the property on which an additional 600 sq.m of accommodation could be constructed. This piece of land also has magnificent views of the Apennine mountains.

Property information

Real Estate:

Real Property Included

Living accommodation:

Any one of the 3 apartments could be used by the owners for their own living accommodation, still leaving two other apartments available for renting.

Location:

Abruzzo Italy - rural hilltop location with panoramic views of the Apennine mountains and the Adriatic Sea. This is a very popular destination for tourists from all over the world. Bar, shop and restaurant within walking distance. 15 minutes drive from popular, bustling medieval hilltop town with all facilities. 35 minutes from the sandy beaches of the Adriatic and 40 minutes from the 'Tibet of Italy' - a high plateau in the Apennine mountains surrounded by mountain peaks. 45 minutes from Pescara international airport, 2.5 hours from Rome.

Size in square feet:

406 sq.m

Planning consent:

The sale includes an area of building land where up to 600 sq.m of living accommodation can be constructed.

Business Operation

Expansion potential:

We have been running the business from the UK - if we were based permanently in Abruzzo we would develop the B&B side of this business, particularly for the Italian market and would promote special interest holidays, such as painting, cookery, gastronomy, etc in the mid and low seasons.
Also, the sale includes an area of building land where up to 600 sq.m of additional living accommodation could be constructed.

Competition / Market:

Abruzzo still has plenty of growth potential although of course there are other guest houses/B&Bs available.

Reasons for selling:

Retirement

Trading hours:

24/7 operation

Employees:

2

Years established:

6 years

Other information

Support & training:

We would offer full hand-over training and support for a period to be agreed. This would include the hand over of our website and publicity materials.

Furniture / Fixtures value:

€20,000 (included in the asking price)

Website:

Please click here to view the link

Home based:

This business can be run from home.