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9 bedroom guest house for sale

Lindenthorpe Guest HouseGrant Street,Cleethorpes,DN35

250 sq. m. | £299,950

Property Description

Commercial information

  • Business for sale
  • 2,690 sq ft (250 sq m)

Key features

  • REF: 2579
  • FREEHOLD GUEST HOUSE

Full description

Tenure: Freehold

LOCATION
Lindenthorpe Guest House occupies substantial two-storey premises, ideally located within the heart of the seaside resort of Cleethorpes in East Lincolnshire. The property is located just a two minute' walk from the promenade which offers many bars, restaurants and amusements. Just slightly further away are many of the local attractions including Pleasure Island Theme Park, Cleethorpes Light Railway, The Leisure Centre and The Discovery Centre.

Cleethorpes is located on the estuary of the River Humber and as of the 2011 census it had a residential population of approximately 40,000. The town has undergone significant redevelopment with a new multiplex cinema being built in 2004, along with other developments at the Meridian site.

The area of the business is extremely well-served by the public transport links, with several bus stops within easy walking distance of the property. Cleethorpes railway station is just 50 yards away from the premises, offering rail links to and from Doncaster, Sheffield, Manchester and London. The area is also well served by the A-roads, with the A16 and A46 being within easy driving distance, which link to the national A-road and motorway networks. Grimsby is approximately 3 miles away and Scunthorpe is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular guest house business, ideally located within the heart of Cleethorpes, East Lincolnshire.

The business was established in 1980 and has been in our client's careful ownership since 1987. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business operates all year round and generates a turnover in the region of 41,000 per annum, with a gross profit of approximately 90%.

Our client offers nine letting rooms one of which has en-suite facilities. The rooms are let on a bed & breakfast only basis. All the letting rooms are presented to a very high standard and the breakfast is served in a friendly and relaxed atmosphere. This is a growing business with a high occupancy rate with an increasing winter income from contractors.

The property further benefits from private owners accommodation, which is accessed from a separate door from the patio area and offers total privacy. The owner's accommodation has two double bedrooms, internal hallway, lounge, kitchen and a shower room.

The business has built up an enviable reputation within the area and further afield for the high quality of the rooms and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by embarking on a modest marketing campaign to highlight the excellent services offered. A new owner could also offer evening meals, or convert the guest lounge into another bedroom.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended.

PREMISES
Substantial and prominent two-storey premises in an ideal trading position, briefly comprising:

Ground floor with:

Main entrance into the hallway.
Guest lounge with seating and a TV.
Dining room over two areas with 12 x covers and patio doors to terraced and rear decked area.
Fully fitted kitchen.
Utility room with washing machine and tumble dryer.

Owners accommodation (accessed from rear patio area with separate entrance):

2 x double bedrooms.
Internal hallway, currently being used as an office.
Lounge.
Kitchen.
Shower room.

First floor with:

Room 1: Small single.
Room 2: Family room with size bed and single bed.
Room 3: Bed
Room 4: Single
Room 5: Twin
Room 6: Twin
Room 7: Single
Room 8: bed
Room 9: Large family room with zip & link beds, bunk beds and en-suite shower room.
Shower room with WC and wash hand basin.
Bathroom with shower over bath and WC.
2 x separate WCs.

All the bedrooms have wash hand basins, TVs and Tea/coffee making facilities.

External with:

Rear patio area leading to a raised decked seating area.
Limited street parking but a large public car park close by and street parking within the area.

TENURE
We are advised Freehold.

HOURS
The business is open all year round.

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of 41,000 per annum, with a gross profit of approximately 90%.


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