Superb Freehold Guest House With Excellent 4 Bed Accommodation For Sale

Business description

Summary:
Established for 18 months by the current vendors and located in a pleasant village location, less than 10 minutes drive from Stansted, the business boasts 5 superbly presented letting rooms with en suite shower rooms. All rooms are decorated to a high standard, furnished and equipped with wooden beams, double glazing, wooden flooring, quality furniture, refreshment tray, tea and coffee making facilities. There is a secure parking facilities and a taxi service can also be provided by the vendors for all transfers to and from Stansted airport. The business is mainly run by staff with the help of the owner as and when assistance is required. There is an exceptional owner's accommodation of 4 bedrooms (this can easily be turned into letting rooms with very little expense). There is also a spacious lounge, well fitted and equipped kitchen, an office area, a large garden at rear and a spacious drive area for the guests. There are a further 2 garages, these can also be turned into letting room's increasing the letting rooms to 11.

Potential:
There is a potential to earn up to £150,000 from the letting of all rooms. There is also a further potential to earn from parking facilities and food and drinks.

Turnover:
We are informed the present income is in the region of £75,000 to £80,000 per annum but with the present accommodation turned into letting room the income can be increase to £132,000 per annum.

Rates:
Business rates payable £3,000 per annum

Legal Fees:
Vendors and purchasers to meet their own contractual costs.

Property information

Property:

Leasehold

Location:

Presently 5 bedrooms 3 situated in a separate building and 2 situated in a main barn with 4 bedrooms owners accommodation, a large lounge, a fitted kitchen, an office a large private garden, a drive in area with car parking area, 2 garages a laundry room and a staff room.

Other information

Reasons for selling:

The vendor has other business interest and wishes to emigrate.

Financing available:

The business should readily support loan finance subject to status. For further information please contact Dedman Business Sales.

Contact the seller