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5 bedroom guest house for sale

Newholme Guest HouseThwaite Street,Cottingham,HU16

301 sq. ft. | £430,000

Property Description

Commercial information

  • Business for sale
  • 301 sq ft (27 sq m)

Key features

  • REF 2519
  • FORMER GUEST HOUSE FOR SALE

Full description

Tenure: Freehold

LOCATION
This former guest house occupies substantial two -storey premises, ideally located in the village of Cottingham, near Hull, East Riding of Yorkshire.

The establishment generated business from being situated between the University of Hull and the Halls of Residence. It is also less than 2 miles away From Castle Hill Hospital, one of the leading Hospitals specializing in Heart and Cancer care. Therefore enjoys a good volume of passing trade and very little competition within the immediate location. The premises benefit from off-street parking facilities and is surrounded by mainly residential properties.

Cottingham village centre is only a short distance away and possesses shops, businesses and amenities. The village lies just to the north-west of the city of Kingston upon Hull and as of the 2011 census had a residential population of 17,000. Cottingham is one of the villages claiming to be the largest village in England.

The area of the property is served by the public transport system, with bus stops within easy walking distance. Cottingham railway station is approximately 7 minutes' walk away. The area is also well served by the A-roads, with both the A164 and A1079 being within easy driving distance, which link to the national A-road and motorway networks. Hull is approximately 4 miles away and Bridlington is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this former guest house in an ideal location in Cottingham, East Riding of Yorkshire.

The property was established as a guest house by our clients in 2001 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The business operated all year round on a bed and breakfast only basis, generating a turnover in the region of 35,000 per annum, with a good gross profit.

There was a balanced mix of clientele from business, University visitors, Hospital relatives and tourism. Our clients offered 5 letting rooms, 3 of which are en -suite, plus a garage converted into a letting annex, as well as owner's accommodation with a lounge, kitchen, bathroom, double bedroom and dressing room. All the rooms have a colour TV and tea/coffee making facilities.

The business built up an enviable reputation within the area for the high quality of the rooms and service offered, which resulted in a loyal client base, with a good volume of repeat trade and word of mouth recommendations. The former guest house has excellent reviews on the popular website Trip Advisor.

We are advised that the property had permission to operate as a tearoom, should a new owner desire.

We feel the property could continue trading as a guest house and could increase the former turnover by embarking on a modest marketing campaign to promote the business. There is also scope to offer evening meals if so desired. A new owner could also establish a website to advertise the business and accommodation offered, which could incorporate online booking facilities.

This is an excellent opportunity, perhaps for a husband and wife team, to take this popular former guest house to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Prominent two-storey premises, briefly comprising:
Ground floor with:
Entrance/reception area.
Guest lounge.
Dining room.
WCs.
Kitchen with office space, separate utility room, and access to rear garden with decking area and long lawn.

Room 1: Double room with en-suite facilities.

First floor with:
Room 2: Double/family room with en-suite facilities.
Room 3: Single room.
Room 4: Double/twin room with en-suite facilities.
Room 5: Single room.
Bathroom.

Owners flat with:
Lounge.
Kitchen.
Bathroom.
Double bedroom.
Dressing/wardrobe room.

External with:
Garage conversion into a letting annex with a bathroom with shower, dressing room and double/twin bedroom.

Well signed and freshly painted exterior.
Equipment included:

Furniture, fixtures, appliances, dining tables, chairs, cutlery, crockery etc.

TENURE
We are advised Freehold.

HOURS
The former business operated all year round.

STAFF
The business was owner run and managed.

FINANCIAL PROFILE
The business generated a turnover in the region of 35,000 per annum, with a good gross profit.


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