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7 bedroom guest house for sale

Wells

£774,950

Property Description

Full description

Tenure: Freehold

Ref: 2203 - TRULY EXCEPTIONAL GUEST HOUSE WITH EXCELLENT LIVING ACCOMMODATION
Situated in the beautiful Cathedral city of Wells, Somerset
Advised turnover £89,387 PA with good GP returns
Early interest and viewing is highly recommended
7 bedrooms with converted loft living space
Exceptionally well presented throughout
Six rooms directly face the Cathedral
Entrance onto the Cathedral Green
Ideal lifestyle change opportunity
FREEHOLD


Location
This truly exceptional guest house with luxury living accommodation is situated in the beautiful Cathedral city of Wells, Somerset. The property has an ideal location and benefits from having an entrance from Sadler Street and a rear entrance off the Wells Cathedral Green. The property benefits massively from being highly visible from both sides as the High Street attracts shoppers to the area with its excellent display of commercial shops and retail outlets, and the Cathedral attracts many visitors from all over the UK and abroad. The city of Wells is a hugely desirable residential and business area which offers a fine display of amenities including shops, banks, hotels, restaurants, cinema and an open air market on Wednesdays and Saturdays all within level walking distance. Educational facilities are excellent in both state and private sectors with The Cathedral School and The Blue School in the city as well as Millfield School in Street and Downside School near Radstock. Well’s Golf Club lies about 1 mile outside the city and The Mendip Golf Club lies within 5 miles. Wells also benefits from being only 16 miles away from the M5 motorway which makes travelling and commuting very easy.


Business History
Meridian Business Sales are delighted to offer for sale this truly superb freehold guest house which was first established by our clients in 1999 and are only now placing it onto the market due to their strong desires for retirement. The business which is run and managed by our clients achieves a very respectful advised annual turnover of £89,387. This is derived from offering very good quality (4 star Enjoy England) bed & breakfast style accommodation to a wide variety of guests throughout the year. The business has always enjoyed excellent levels of repeat trade with many of the customers frequently visiting for many years. The guest house also sees a healthy amount of new visitors from good word of mouth recommendations and internet advertising. Unsolicited recommendations led to free entries in ‘Good Hotel Guide, Lonely Planet, Rough Guide, Trip Advisor and top American site ‘Rick Steves.’ The property offers both excellent guest accommodation and very good private living accommodation with sizable private areas. There are 7 guest rooms ranging from a single room to a large family room. The breakfast room has views of the Cathedral. Our clients currently occupy the properties loft conversion which has a double bedroom, open plan living space with bathroom and beautiful naked wooden beamed roofing. Our clients have gone to considerable expense and effort on the properties presentation which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. We feel that this is a wonderful lifestyle change opportunity for someone who is looking for a well established business which is situated in one of the UK’s most desirable historic Cathedral cities. Meridian Business Sales would like to urge early viewing of this charming guest house as opportunities in this specific location rarely appear on the market.


Financial Profile
Turnover: £89,387pa
Stock approximately: £150


Tenure
We are advised freehold


Opening Hours
Trades all year round


Accommodation
Many of the rooms have working fireplaces, Queen Anne wood panelling, oak floors, sash windows with working full height shutters. There are hand carved exposed timber beams, flagstone floors and even exposed wedding beams in several of the rooms. 7 bedrooms with loft conversion living space and additional bedroom, large living room, dining room, family kitchen and 2 entrances. The house, which is authenticated to date from 1450, has a large range of period features.

GROUND FLOOR
Secure front entrance with porch leading to a large reception corridor with welcoming reception and payment system. Rear door entrance from the Wells Cathedral Green with beautiful original stone flooring.

Large open plan living room with feature fireplace
Bedroom 1 - Large double/family room with en-suite shower, wash basin and toilet.

Store room/wash room

Large open plan dining area seating 12-15 covers with well spaced tables and chairs plus Cathedral Green views.

Country style kitchen with fitted worktops, cupboards, draws, breakfast bar and wash basin.

Stairs to first floor

FIRST FLOOR
Reception landing accessing
Bedroom 2 - Twin with wash basin and en-suite shower and toilet.
Bathroom with shower, wash basin and toilet
Landing storage cupboard

Bedroom 3 - Triple with en-suite shower, wash basin and toilet.

Bedroom 4 - Double with en-suite shower, wash basin and toilet.

Bedroom 5 - Double with window seating area plus wash basin.

Stairs to second floor

SECOND FLOOR
Reception landing accessing
Loft conversion (current living space) beautiful naked wooden beamed roof with double bed space, large living space, storage area and bathroom with bath, wash basin and toilet.

Bedroom 6 - Double with fitted storage and en-suite shower, wash basin and toilet.

Bedroom 7 - Single with large linen storage cupboards and wash basin.

EXTERNAL
Front access from Sadler Street with neighbouring public houses, restaurants and shops

Rear entrance from Wells Cathedral Green with small front lawned area and flower beds.


Listing History

Added on Rightmove:
18 January 2011

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 2203. 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.