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9 bedroom guest house for sale

Compston House,Compston Road,Ambleside,LA22 9DJ

Offers in Region of £749,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

Compston House occupies an absolutely perfect location in the centre of the honeypot village of Ambleside, the epitomy of location, location, location. This allows it to trade at a consistently high level of turnover and profitability yet giving an outstanding quality of life. Built in the 1890s as a house for a local merchant, the property boasts nine high quality en suite bedrooms complemented by one bedroom owners' accommodation with its own private parking. This Award-Winning guest house was featured on Rory McGrath's iconic ''The Lakes'' television programme, adding to the business' popularity and return and recommended trade and allowing it to be consistently ranked in the top five locally on Trip Advisor.

Located at the northern end of Lake Windermere - England's longest lake - Ambleside is one of the best known villages in the Lake District National Park and attracts many thousands of visitors each year. Framed by glorious fells, much loved by Alfred Wainwright, the area is a mecca for walkers drawn by the glorious views from the fell tops, while at the end of the day the village has a wide range of restaurants and pubs to eat in. Compston House is ideally placed to benefit from this influx of visitors, to what is one of England's most beautiful areas.

The present owners acquired Compston House in 1998 and immediately set about a complete programme of refurbishment taking 3 Star Guest Accommodation to a 4 Star Award-Winning business. Upgrades included complete re-wiring of the property, an improved central heating system with new central heating boiler, a new fire alarm system as well as upgrading of the bedrooms and complete redecoration and extensive replacing of the soft furnishings and carpets in a lovely contemporary style. This style of accommodation has proved most popular with turnover continuing to increase along with profitability. However, having enjoyed their years in Ambleside, the owners are looking to retire from the industry.

THE PROPERTY

Built of traditional local stone and under a pitched slate roof, the accommodation is laid out on ground and two upper floors, plus lower ground floor.

PUBLIC AREAS

Delightful, traditional porch with glazed door to reception hall. A lovely spacious area which incorporates a reception desk and office area. Residents lounge with feature marble fireplace and bay window. Breakfast room to seat 17, again with bay window and having a delph rail. Both the lounge and breakfast room overlook the park and have fell views.

LETTING BEDROOMS

9 Letting Bedrooms to sleep 17 (8 double and 1 single). Three have king size beds. All have en suite shower rooms as well as central heating radiator, flat screen colour television, radio/clock alarm, hairdryer and tea and coffee making facilities as well as fell views.

OWNERS' ACCOMMODATION

The owners have the benefit of a separate and self-contained apartment including delightful lounge, shower room and double bedroom.

SERVICE AREAS

Recently refurbished kitchen being particularly well laid out and having a modern range of fitted units as well as fluorescent lighting and partly tiled walls. Laundry room. Office (this room could be converted to a further letting bedroom, subject to the necessary consents).

OUTSIDE

Forecourt area. To the side is car parking as well as storage area. Dry goods store.

SERVICES

South Lakeland District Council at Kendal (01539) 733333.
Mains water, drainage, electricity and gas. Gas-fired central heating.

LISTINGS

Visit Britain- 4 Star Guest Accommodation
Visit Britain - Breakfast Award for 5 consequetive years
Trip Advisor - Consistent Top Five listing locally

WEBSITE

www.compstonhouse.co.uk

TRADE

Certified accounts from the owners' Chartered Accountants in the form of a Trading and Profit and Loss Account show trading profits (before finance costs, wages, motor expenses and depreciation) of 99,962 for the year ended 30 November 2015 on T/O of 166,648 (inclusive of Flat Rate VAT).

Please note the business trades for nine months.

PRICE

Offers around 749,000 are invited for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.


Energy Performance Certificates (EPCs)

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