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7 bedroom guest house for sale

Station Road, Kenilworth, CV8

£600,000

Property Description

Commercial information

  • Business for sale

Full description

WELL PRESENTED GUEST HOUSE WITH SPACIOUS OWNERS ACCOMMODATION
Situated in the historic tourist town of Kenilworth
Early viewing is highly recommended
Advised annual turnover of £54,865
3 bedroom owners’ accommodation
Superbly presented throughout
Scope for further development
Genuine reason for sale

Location

This exceptional guest house has an ideal trading location in the beautiful and historic town of Kenilworth which is situated in Warwickshire. The business sits just off the town’s main through road which also couples as the high street. The Kenilworth Castle which neighbours the business is a major tourist attraction for the town and sees a large amount of visitors throughout the year. The business benefits from being situated close to the high street as it attracts a large amount of visitors and shoppers from throughout Warwickshire. Kenilworth is a very beautiful and highly desirable town offering a truly wonderful quality of life. The town has an excellent display of commercial shops, upmarket residential houses, good schools, NHS services, coupled with beautiful neighbouring open countryside and picturesque landscapes. The guest house is ideally situated close to the UK motorway network having the M40 within 8 miles, the M42 within 9 miles, the M6 within 12 miles and the M45 which connects to the M1 within 15 miles which makes visiting and commuting very easy.

Business History

Meridian Business Sales are delighted to offer to the market this well presented guest house which has been established circa 1970’s and has been in the careful hands of our clients since 2007. Our clients are reluctantly offering the business to the market due to their desire to relocate. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £54,865 which is derived from offering welcoming bed & breakfast facilities to all who wish to visit. We believe with the introduction of bar services such as alcohol as well as offering lunch and evening meals would drastically increase the turnover. The property boasts 7 individually designed and furnished letting rooms, 6 with en-suite facilities, guests dining and sitting rooms plus spacious 3 bedroom owners’ accommodation. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Financial Profile
Turnover: £54,865pa
Gross Profit: £46,502
Stock approximately: £300

Tenure
We are advised freehold

Opening Hours
Trades all year round

Accommodation

Briefly the accommodation, comprises, over four floors:
Basement: private double bedroom

Ground floor: canopy porch; hall; guest sitting room; guest dining room; quality re-fitted breakfast kitchen; utility room; private lounge/dining room; private master bedroom with en-suite; private second bathroom/wetroom and private single bedroom.
First floor: four guest rooms (three twin/double rooms and one single) three en-suite shower rooms and a private guest bathroom.

Second floor: two further guest twin/double bedrooms and one single all with en-suite facilities.

Outside: private residents’ gardens with decking, pergola, summer house, sheds, garage storage and driveway car parking.

Dimensions
Guest Lounge:
4.22m (13ft 10in) into bay x 3.53m (11ft 7in)
Guest Dining Room:
4.29m (14ft 1in) into bay x 3.66m (12ft 0in)

Refitted Breakfast /Kitchen:
3.68m (12ft 1in) x 3.61m (11ft 10in)

Utility/Office:
4.14m (13ft 7in) max x 3.07m (10ft 1in) max

Private Living/Dining Room:
7.06m (23ft 2in) x 3.53m (11ft 7in)

Private Master Bedroom:
5.21m (17ft 1in) x 2.41m (7ft 11in)

Private Bedroom 2:
4.19m (13ft 9in) max x 2.13m (7ft 0in)

Private Basement Bedroom 3:
3.53m (11ft 7in) x 3.38m (11ft 1in)

Guest Bedroom 1:
3.63m (11ft 11in) x 3.56m (11ft 8in)


Guest Bedroom 2:
3.68m (12ft 1in) x 3.63m (11ft 11in)

Guest Bedroom 3:
3.68m (12ft 1in) x 3.63m (11ft 11in)

Guest Bedroom 4:
3.28m (10ft 9in) x 2.74m (9ft 0in)

Guest Bedroom 5:
3.68m (12ft 1in) x 3.63m (11ft 11in)

Guest Bedroom 6:
3.66m (12ft 0in) x 3.33m (10ft 11in)

Guest Bedroom 7:
3.3m (10ft 10in) x 2.77m (9ft 1in) max

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 2926. 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.