7 bedroom guest house for sale
Newton Terrace, Lancaster, LA1
like this property?Call 0845 222 0508
Distances are straight line measurements
- Business for sale
Tenure: FreeholdSTUNNING GUEST HOUSE/BED & BREAKFAST
7 en-suite letting rooms with owners’ accommodation
Main road location close to amenities/M6 motorway
Advised annual turnover of around £40-46,000
Thriving business with excellent reputation
Superb potential to increase turnover
Early viewing is highly recommended
Scope for further development
Well presented property
This superb guest house and family home is situated on the A683 in Lancaster. Lancaster is the county town of Lancashire and sits on the River Lune. It has population of 133,914 and encompasses several outlaying towns, including neighbouring Morecambe. Long existing as a commercial, educational and cultural centre Lancaster was granted city status in 1937. The M6 motorway passes to the east of Lancaster, with junctions 33 and 34 to the South and North. The A6 passes through the city leading to Preston, Chorley and Manchester and Northwards towards Kendal.
Meridian Business Sales are delighted to offer to the market this exceptional guest house which has been in careful hands of our clients since 1999, the property has stood on the site for over 100 years and offers a wealth of character and charm. The only reason this fantastic opportunity is being offered to the market is due to retirement. Since our client took ownership of the property in 1999 and established the business as it is today, they have invested vast amounts of money and time into the complete refurbishment of the guest house and private living accommodation, with no expense spared. Our clients are kindly including all fixtures and fittings into the sale price which provides any prospective buyer with a true turnkey opportunity. They are currently running the business at a pace to suit and we are advised of an annual turnover of £40-46,000. The business is very popular and has always enjoyed a high level of repeat customers year on year, this is a superb opportunity to purchase a unique thriving business in a beautiful location. This opportunity comes highly recommended as businesses of this quality rarely stay on the market for long.
Stock approximately: £300
We are advised freehold
Trades all year round
Well presented 3 storey stone built property, briefly comprising of:
Spacious owners’ living room
Modern fully equipped kitchen.
Private dining room/ office.
Owners’ Utility room/toilet.
Private large double room with en-suite facilities.
Walk in linen cupboard with a potential to be made into an extra single room which also has en-suite
7 bedrooms all en-suite
Dining room with 10 covers
Well presented guest lounge
Garden/backyard with 2 private car park spaces.
In addition to this there is a council owned car park to the rear with written permission for residents to use.