10 bedroom guest house for sale

Ryndleside, Scarborough, North Yorkshire, YO12

Fixed Price £495,000

Property Description

Commercial information

  • Business for sale

Key features

  • Fully licensed guest house, excellent main road location
  • 2014 turnover approximately 60,000
  • Beautifully maintained
  • Viewing very highly recommended

Full description

Tenure: Freehold

DESCRIPTION
This is an excellent opportunity to purchase a well established and profitable guest house with excellent potential for sustained and future growth. The Russell is a fantastic family run guest house offering 10 beautifully prepared, en-suite letting rooms, in the North Yorkshire coastal town of Scarborough.

"As a holiday destination, Scarborough really does have it all; dramatic cliffs and castle headland, award-winning beaches, historic harbour, family attractions, booming town centre and a warm Yorkshire welcome to match. The dramatic scenery of the Yorkshire Coast makes Scarborough a perfect base from which to explore this most diverse region of Britain."
Visitscarborough.com

This fantastic traditional guest house is located on a prominent main road position at the very heart of Scarborough, within a large number of quality residential dwellings and other small businesses.

Having successfully operated in the town for over 80 years and under current ownership for the last 15 years, this business has over time, become very highly renowned and earned itself an excellent reputation for offering the best bed and breakfast facilities and bar service during the evenings.

Due to the nature of the business, the owners benefit from a large number of satisfied customers, therefore attracting repeat trade to the business and from a large number of annual holiday makers. This is also a biker friendly business. All services come with a warm, welcome and a very local smile.

The business operates from a highly visible detached premises, which is presented to an excellent standard with an fantastic range of fixtures and fittings to go with the sale.

The Russell is a thriving and lucrative business, which is run by the owners 11 months of the year, but have a near full occupancy during the summer months. The business offers excellent scope for future growth and improvement and would ideally suit an ambitious and energetic couple or family, that have the opportunity to assist the business to continue to thrive or consider other business opportunities, such as residential avenues.

"This family run, 4 Star, Guest House, Hotel overlooking Peasholm Park, and Scarborough North Bay is just a few minutes walk away from the North Bay Beach, Scarborough Open Air Theatre, Sea life Centre, North Bay Railway, Scarborough Indoor Bowls Centre and Scarborough Cricket Ground."
www.russellhotel.net

This is a first class, high turnover, excellent business opportunity with fantastic scope for future growth. Viewing is therefore highly recommended to avoid disappointment.

ANNUAL TURNOVER
2014 approximately 60,000.

ACCOUNTS
Current records and accounts can be inspected when viewing.

STAFF
Operated by the owners.

PROPERTY
Imposing detached property occupying a prominent main road position. This property comes with two driveways, one either side of the attractive front garden. The left side driveway takes you through to the rear of the property, where you can find additional secure parking, enough in total for 6 cars as well as 2 sheds and the rear gardens.

Upon entrance to this superb property you can find access to the main breakfast area with up to 28 covers, a fully fitted bar and lounge area, as well as the fully fitted catering kitchen, where you can also find access to the owners private 3 bedroomed accommodation with private sitting room and bathroom. Access to the private residence is also available to the rear of the property.

On the first floor you can find 2 single rooms, 1 double and 3 triples/family rooms with prices ranging from 45 - 90 per nights stay.

On the top floor there is 1 double room, 1 twin/double room and 2 family suites, each compromising of two rooms, the adults room and the children's room.

One suite accommodates two adults and two children and the other suite accommodates two adults and three children.

All rooms are en-suite.

The property also comes with a very large loft space, which is currently used for storage.

TENURE
This is a freehold business.

SUMMARY
A fantastic and rare opportunity to, purchase a highly profitable business with terrific potential for future growth and improvement. To avoid disappointment, viewing is highly recommended.

More information from this agent

Nearest stations

  • Scarborough (0.7 mi)
  • Seamer (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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

  • Scarborough (0.7 mi)
  • Seamer (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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.

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