19 bedroom guest house for sale

Westleigh Road, Leicester, LE3

£400,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

SUPERB 19 BEDROOM GUEST HOUSE - LEICESTERSHIRE
Early interest and viewing is highly recommended
Located in the thriving town of Leicester
Business to include all fixtures & fittings
Advised annual turnover of 81,889
Scope to increase room tariffs
Genuine reason for sale
End of terrace property
Close to all amenities
Lots of potential
FREEHOLD


Location

This well established 19 bedroom guest house is situated in the thriving city of Leicester. Perched astride the river Soar, Leicester is home to nearly 300,000 residents, making it one of the UK's larger cities. Surrounded by rolling countryside, the city also lies adjacent to the English National Forest, a perfect spot for walkers. Leicester town centre is dominated by impressive Victorian architecture, although much new development has sprung up in recent years and more projects are planned, including a state-of-the-art performing arts centre. Shoppers are also well provided for in the city, with several large retail areas and outdoor markets. Leicester is home to two universities, the University of Leicester, which attained its Royal Charter in 1957 and is one of Britain's leading universities ranked 12th by the 2009 Complete University Guide, and De Montfort University, which opened in 1969 as Leicester Polytechnic and achieved university status in 1992. The business is accessed by the A5460 from the M69 motorway which gives easy access to the M6 and M1 motorways


Business History

Meridian Business Sales are delighted to offer to the market this well appointed freehold 19 bedroom guest house. The business has been established for over 50 years and has been in the careful hands of our clients for the last 6 years. The only reason this excellent opportunity is being offered to the market is due to our clients wish for a lifestyle and career change. Since our clients took ownership of the property they have under gone major refurbishment and have made a 60,000 investment on bringing the property up to standard along with purchasing high quality fixtures and fittings which are all are included within the sale price. However the property will still need some re-decorating do be done. The business is close to the university so attracts lots of students and students' parents who are visiting, it's close to the hospital so it attracts hospital workers and it's also a favourite for out of town contractors. The business is owner operated but they do not live on-site and they employ 2 part time members of staff one of which is a manager who lives on-site. Our client informs us that they have an annual turnover of 81,889 which can easily be increased as prices are long overdue for an increase. Currently the business is run on a room only basis so there is potential to serve breakfasts and evening meals. Early viewing is highly recommended as this business cannot be missed. Currently re-decorating all rooms.


Financial Profile

Turnover: 81,889 pa
Adjusted Net Profit: 48,702


Tenure

We are advised freehold


Opening Hours

Trades all year round


Acommodation

End of terraced guest house, briefly comprising;

GROUND FLOOR
Door to entrance porch leading to: Hallway with 2 under stairs storage spaces, toilet and wash basin, dining room, fully fitted kitchen, laundry room with 1x 10kg washer, 1x 10kg dryer and sink drainer.

2x double rooms with shower, toilet and wash basin
Staff double bedroom with patio doors leading to rear garden
2 x rooms currently under renovation which could be double room with wash basin

FIRST FLOOR
2x double rooms with shower, toilet and wash basin
Single room with wash basin
Shower room with shower cubicle, toilet and wash basin
Double room with shower cubicle, toilet and wash basin
3x single rooms one with wash basin and bathroom with bath, electric shower over, toilet and wash basin.

SECOND FLOOR
Single room with shower cubicle, toilet and wash basin
3x double rooms with shower cubicle, toilet and wash basin
2x single rooms with wash basin

EXTERNAL
Mature rear garden and yard with 4 x wooden storage sheds

Nearest stations

  • Leicester (1.4 mi)
  • South Wigston (3.0 mi)
  • Narborough (4.2 mi)
Distances are straight line measurements

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

0845 222 0508 Local call rate

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Disclaimer

Property reference 2773. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.