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Elder Grove, Lake Road, Ambleside, United Kingdom, LA22 0DB

£1,195,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Guest house for sale

Key features

  • Sumptuous detached guest house in the village
  • T/O Y/E 31/1/2024, £229,876, solid profits
  • Honey-pot Lake District location
  • 10 en suite letting bedrooms
  • 3 bedroom owner's accommodation
  • Ample private car park. Energy Rating C
  • Christie & Co Ref: 6445160

Description

Description

Elder Grove is a traditional Victorian house built in the late 1800’s, set over three floors initially and then having had the lower ground floor converted to provide a reception, dining room and bar, thus establishing a well-presented bed and breakfast over four floors in the heart of Ambleside.

The house was built as a boarding house to cater for Victorian visitors on their tours of the lakes and, whilst retaining many charming character features, it has been significantly refurbished over recent years to create an enchanting guest house with today’s modern amenities.

Location

For walkers, Ambleside is the start of some of the Lake Districts most stunning walks and is only a short walk to lakes and waters of Windermere, Rydal, and Grasmere.

Internal Details

Entering the guest house from the street level, you’ll find a warm and cosy hallway with a guest lounge to the right. Heading down via the central staircase, providing access to all floors, you’ll find the reception, dining room (breakfast room) and good size ‘honesty’ bar with enticing fireplace.

The large dining room (20 covers) is where breakfast is served daily, and the room can easily accommodate all guests at once if required. Additional ancillary areas include a reception, office, kitchen, and laundry room.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale however any items that are owned by a third party or personal to our clients will be exempt.

Letting Accommodation

The letting rooms are split over the 1st and 2nd floors (from street level) and most have lovely views over Ambleside and the surrounding fells. The type of room split is as follows:
2 junior suite rooms
2 superking/twin rooms
2 king size rooms
2 double rooms
2 single rooms

All rooms have en suites and have been recently renovated and are in very good condition throughout.

Owner's Accommodation

The owner’s accommodation offers excellent space and the flexibility of either two or three bedrooms with relative ease. Currently it is set up to offer one bedroom with en suite, bathroom, an office (bedroom two), living room, dining room, sunroom with a further sitting room (bedroom three). The kitchen is shared with the main bed and breakfast.

The flexibility allows the use of the bedroom with en-suite as another guest bedroom, with existing access from the main hallway/stairwell, and use what is currently an office as the main bedroom.

The Opportunity

Our clients are selling to concentrate on other interests.

The guest house is one of the best known within the town and it has also had numerous improvements throughout the life of our client’s ownership so offers a complete turn-key business.

Given that, there are still some opportunities for new owners to consider.

As explained above, revenue could be increased easily with the addition of a further bedroom added to the letting accommodation inventory. You could also reconfigure the street level lounge into another bedroom, in addition to converting the current owner’s living room into a further bedroom whilst retaining a sizeable one bed owners apartment, with bathroom, sitting room, sun room and dining room. This would bring the potential letting inventory up to 13 rooms.

There is also scope to offer some evening dining for guests either using the dining room itself or offering a ‘to bedroom’ service.

Trading Information

Trading year end 31/1/2024, turnover £229,876
Trading year end 31/1/2023, turnover £198,149
Trading year end 28/2/2022, turnover £215,971

Business Rates

Confirmation of business rates payable should be obtained from the Local Authority.

Energy Performance Certificates

EPC 1

Brochures

Elder Grove, Lake Road, Ambleside, United Kingdom, LA22 0DB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Windermere Station4.2 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Hotels

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Notes

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Disclaimer - Property reference 6445160-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, Hotels. 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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