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7 bedroom guest house for sale

Newton Terrace, Lancaster, LA1

£345,950

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

STUNNING 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
FREEHOLD


Location

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.

Business History

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.

Financial Profile

Turnover: £40-46,000pa

Stock approximately: £300


Tenure

We are advised freehold


Opening Hours

Trades all year round

Accommodation

Well presented 3 storey stone built property, briefly comprising of:

Owners’ accommodation

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

Guest Facilities

7 bedrooms all en-suite

Dining room with 10 covers
Well presented guest lounge

EXTERNAL
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.


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 2717. 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.