Guest House for sale

Kingswood Hotel, 379 Norton Road, Stockton on Tees, County Durham, TS20 2PJ

£475,000

Property Description

Commercial information

  • Business for sale

Key features

  • 18 bed hotel
  • Main road location, North Teeside
  • 135,000 turnover, profits 62,000
  • Scope to increase profits if owner operated
  • Good standard of presentation
  • 4 storey building, gardens & parking. Energy Rating C

Full description

Tenure: Freehold

Description

An 18 bedroom, four storey semi detached guest house in a busy and vibrant part of Teesside with a net profit of £62,000.

Location

Kingswood Hotel is located on a busy main road approximately 300 metres from Norton town centre and close to a good range of shops, cafes, pubs and amenities. The immediate area comprises extensive residential housing of all sizes and types as well as a multitude of commercial buildings and businesses.

Norton forms part of the Teesside conurbation along with other larger towns such as Middlesbrough, Stockton, Bilingham, Thornaby and Redcar, and the region is a major centre for a variety of commercial industries which provide a constant stream of visitors to the area.

Internal Details

The building has accommodation over four floors. The lower ground floor provides two letting rooms, which could also be used as owner's accommodation if necessary, with the upper ground floor having three letting rooms, the breakfast room, kitchen and a staff toilet.

The first and second floors comprise eight singles with no en suites, three singles with en suites and six twins, of which three have en suite facilities.

On the first floor there are two shower rooms and a toilet and on the second floor there are two toilets and a shower room.

External Details

There are seven parking spaces to the front of the building and a further five allocated to the rear. There is also a decked terrace and small garden to the rear.

The Opportunity

The business trades as a smart and well presented hotel catering mainly for commercial and contractor visitors to the area. Room rates range from £30-£60 per room per night.

The business is currently operated remotely by our seller client with a staff complement of two full time and three part time employees.

All laundry is done on site by the cleaning and night staff which helps to reduce costs and future savings could be increased should a new owner decide to operate the business themselves.

There is planning permission to add extra rooms to the rear.

Trading Information

Turnover to year end 31 August 2016 shows £135,181 with a net profit of £62,103, however it is felt that up to a further £40,000 could be saved if the new owner was a 'hands on' operator and was to let the current en suite staff room, bringing in a further £15,000.

Regulatory

The Rates payable are £2,133.36 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.


More information from this agent

Nearest stations

  • Stockton (1.0 mi)
  • Thornaby (1.7 mi)
  • Billingham (2.0 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.

Floorplans


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

  • Stockton (1.0 mi)
  • Thornaby (1.7 mi)
  • Billingham (2.0 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.

Disclaimer - Property reference 6445066-fh. 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 Christie & Co , Newcastle Upon Tyne. 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.

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