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8 bedroom guest house for sale

2726 The Old Vic Guesthouse, Wenlock Terrace, Fulford, York, YO10

£575,000

Property Description

Commercial information

  • Business for sale

Key features

  • Located in a popular residential area on the outskirts of the centre of York
  • York is a popular tourist destination with a wealth of attractions
  • T/O: 60,000 GP: 75%
  • At present the business is operated only 9 months of the year
  • Our client also has use of three further en-suite bedrooms

Full description

Tenure: Freehold

Location
The Old Vic Guest House is located in a popular residential area on the outskirts of the centre of York. The business is located just off the A19, which runs from the A64 to the city centre, and close to shops and other amenities. The centre of York is easily accessible with a bus route that runs past the end of the road or by an easy walk along the river. York is a popular tourist destination with a wealth of attractions including York Racecourse, the National Railway Museum, York Minster, Jorvik Viking Centre and the famous Shambles.

Business History
Preferred Commercial is delighted to offer for sale this popular guest house, which was established in 1982 and which has been in our clients' careful hands since 1988. The business is only now being placed on the market due to our clients' wish to retire. The Old Vic Guest House boasts 8 en-suite letting rooms and generates a turnover in the region of 60,000 per annum with a gross profit of 75%. At present the business is operated only 9 months of the year offering a new owner scope to immediately increase turnover by opening all year round. Our client also has use of three further en-suite bedrooms, two of which could be used as further letting accommodation if desired. The property has been maintained to a high standard throughout and is truly in a walk-in-and-trade condition. The business benefits from much repeat trade with a wide range of clientele, from holiday makers to contractors. There is a quality website in place which boasts online booking facilities. We feel this is an ideal opportunity to acquire a thriving guest house in such a desirable location. Early viewing must come highly recommended.

Financial Details
T/O: 60,000 approx.
GP: 75%

Opening Hours
9 months of the year

Accommodation Details
Substantial 5-storey Victorian premises, with many original features. Briefly comprising:

Lower Ground Floor
Dining room with inglenook fireplace and laid out for 22 covers
Kitchen with a range of fitted wall and base units range oven and American style fridge/freezer, 2 x dishwashers and various appliances
Storeroom with separate laundry room
Staff WC

Ground Floor
Hallway
Private lounge
Large private double bedroom with en-suite facilities

First Floor
Linen store
Bathroom with spa bath for use by room 5
WC for use by room 5
Room 2: Family room with double and bunk beds and en-suite facilities
Room 3: Double room with en-suite facilities
Room 4: Double room with large bay window and en-suite facilities
Room 5: Single room with wash basin

Second Floor
Room 6: Single/double room with en-suite facilities
Room 7: Double room with en-suite facilities
Room 8: Double room with large bay window and en-suite facilities
Room 9: Double room with en-suite facilities

Third Floor
2 x large double rooms with en-suite facilities, currently used as owners' accommodation
Access to loft

External
Yard to rear with space to park one car
Double garage with power up and over door
Ample on-street parking

Tenure
Advised freehold

Energy Performance Certificates (EPCs)

To view this property or request more details, contact:

Preferred Commercial, Nationwide

Lower House Farm Mansell Way, Horwich, Bolton, BL6 6JL

0844 871 1484 Local call rate

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Disclaimer

Property reference 2726. 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 Preferred Commercial, Nationwide. 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.