Unique Somerset Town Bed And Breakfast Guest House For Sale

Business description

-- Your residential property possibly taken in part-exchange -- A rare opportunity to acquire a thriving Bed and Breakfast business in a residential/commercial part of Taunton which, from within, has the feel of being in the countryside - a winning combination for year-round trade.

Profitable business; 8/9 bedroomed house; Flexible accommodation; Huge outbuilding with potential.
A substantial house on an extensive plot with very flexible accommodation and currently operating as a successful and profitable Bed & Breakfast/Guest House with 7 en-suite letting rooms. Awarded 4 Stars with a Silver Award by VisitBritain.

Excellent and spacious 2 bedroomed owners' accommodation.

A stone and brick outbuilding of around 1300 sq.ft (120sq.m) ground floor area offering the potential for a second business on the site or as an adjunct to the main house/existing business.

An opportunity to live and work in a delightful historic property, yet with the benefits of being close to the amenities and communication links of Somerset’s county town.

The guide price for the freehold premises together with the business fully equipped as a going concern is £825,000. This price includes the business website which currently has a Page 1 placing on Google.

For the freehold premises only, the guide price is £795,000.

We have prepared a comprehensive document with sales particulars, including business information, floor plans, and site map, which we will be pleased to send by post or email to those who request it via this website.

In the present market conditions we would consider perhaps accepting a residential property in part-exchange for this business. Naturally, this would depend on valuation, location, etc., but, should you feel that there is any potential for pursuing a part-exchange deal involving your present property, please do let us know.

Property information

Property:

Freehold

Living accommodation:

The owners’ accommodation is principally in an extension, built in 1997, which stands between the business areas and the barn. Currently it is arranged as a large bedroom and a bathroom on the ground floor, plus a bedroom, bathroom, and storeroom/potential kitchenette on the first floor. This extension was designed with flexibility in mind. There is direct external access and the ground floor could be rearranged to form a living room and kitchen thereby creating a self-contained unit. Off the main kitchen there is a sitting room/office for the owners.

Location:

A former Farmhouse, situated on the north-western edge of Taunton, 1½ miles from the centre of the town and the railway station. The farmland was developed around 25 years ago, and the premises are now an “oasis” with modern residential or commercial development on all sides. There is a frontage (and signboard) onto Bindon Road, which is a through road and bus route. The vehicle entrance is in Speke Close, which is a residential cul-de-sac. Taunton’s western relief road (Silk Mills Lane) is at the end of Bindon Road, and the main A358 route to West Somerset is about half a mile away. Local shops are within five minutes walk.

Other information

Expansion potential:

The huge barn offers considerable scope for business use, subject to necessary consents. It could either be used as the base for a second business, or to provide additional accommodation for the B&B/Guest House.

Opportunities exist to increase revenue by establishing a bar and offering evening meals, or, indeed, upgrading the business to a small luxury hotel.

For an additional sum prospective purchasers will have the option to purchase a small adjoining plot of land on which planning permission is expected to be granted for the construction of a 3 bedroomed detached house.

Taunton itself is entering a period of rapid development, with Project Taunton aiming to transform the town into a competitive business and residential centre, creating over 3400 new jobs and 500 new homes, much of this within the next five years. Coupled with redevelopment of two former commercial areas within one mile of the business, the indications are that the present high demand for overnight accommodation will increase.

Competition / Market:

Taunton is officially acknowledged as having a shortage of overnight accommodation within the town area. There is limited competition from B&Bs with 2 or 3 bedrooms on the periphery of town and a small number of traditional Guest Houses in the town centre.

Support & training:

The present owners would be happy to assist during a handover period.

Reasons for selling:

Desire for a new challenge after 17 years.

Website:

www.yallands.co.uk

Contact the seller