Guest House for sale

Martineau Guest House, 57 Front Street, Tynemouth, Tyne and Wear, United Kingdom, NE30 4BX

Guide Price £560,000

Property Description

Commercial information

  • Business for sale

Key features

  • 4 star, award winning Guest House
  • Enviable position on Tynemouth's Front Street
  • Four well appointed en-suite guest bedrooms
  • Owner's accom: double bed, lounge & bathroom
  • Well established & consistently profitable
  • Excellent access to Newcastle city centre. EPC Exempt.

Full description

Tenure: Freehold

Description

The multi award winning Martineau Guest House is superbly positioned on Tynemouth’s Front Street, in an attractive building with a mix of Georgian and Victorian architecture.

Renowned for it's excellent breakfasts, fantastic views from all bedroom windows, and immediate access to the Priory, Martineau Guest House is perfect for leisure and business travellers alike.

Tynemouth is one of the most affluent and sought after suburbs in North Tyneside, and has an abundance of attractions, including; The Priory, Longsands Beach and Collingwood Monument, to name a few.

Front Street is home to many restaurants, cafes and bars, forming an established circuit benefitting from both daytime and evening trade. Businesses are supported by local residents as well as visitors and tourists.

Location

The Martineau Guest House occupies an enviable position on Tynemouth's Front Street and the property has glorious views, making it an excellent base for visitors to explore the multitude of attractions in the region. A few miles away, the A1058 connects to Newcastle upon Tyne and the A1/A19 north/south are both easily accessible.

Internal Details

The lower ground floor comprises a reception/dining room with seating for up to six guests. This leads through into a kitchen, which benefits from natural light via newly installed sliding patio doors and sloping glass roof. The owner's bathroom, laundry room and a storage cupboard are also located on this level.

Other Floors

The first floor comprises one twin bedroom; Village View, and one double bedroom; Collingwood which enjoys views over the river Tyne and the sea.

The second floor comprises two double bedrooms; The Snug and Priory View, which has arguably the best view in the house, with a large bay window overlooking the rive Tyne.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory, with the exclusion of a small number of personal items.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Awards

• 4 star Guest Accommodation rating and a Silver Award from Visit England
• Visit England Awards for Excellence 2016 Taste of England Highly Commended
• Gold Award in the North East Tourism Awards 2015
• Silver Award in the North East Tourism Awards 2016
• Certificate of Excellence from TripAdvisor for 2015
• Featured in the Michelin Guide 2015 for the fifth consecutive year
• No. 1 Bed & Breakfast in Tynemouth on TripAdvisor, with 158/161 reviews being either 'Excellent' or 'Very good'
• Featured in the Michelin guide 2017

External Details

To the rear is a garden which is shared with No's. 58 and 59 Front Street.

Owner's Accommodation

There is a large, south-facing double bedroom at the back of the property, located on the ground floor, which is utilised as owner's accommodation. There is a lounge on the opposite side of the corridor and a large, private bathroom at lower ground floor level.

The Opportunity

Martineau Guest House presents an ideal opportunity for a buyer who is looking for a lifestyle change.

Staff

The current owner runs the business on a full time basis with additional staffing costs approximately £9,000 per annum.

Trading Information

Year End 31st August - Turnover and Adjusted Net Profits (in the hands of an owner operator, without any employees) detailed below;

2015: t/o £71,666, ANP £38,202
2014: t/o £68,021, ANP £36,248
2013: t/o £64,725, ANP £28,249

Full accounts will be made available to seriously interested parties on request.


More information from this agent

Nearest stations

  • Tynemouth (0.1 mi)
  • North Shields (1.0 mi)
  • Cullercoats (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Tynemouth (0.1 mi)
  • North Shields (1.0 mi)
  • Cullercoats (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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