Guest House for sale

The Limes, 135 Fulford Road, York, YO10 4HE

£1,400,000

Property Description

Commercial information

  • Business for sale

Key features

  • Substantial, detached 12 bedroom B&B
  • Well established 4-star business
  • Development opportunity (STPP)
  • 2018 T/O 131,362 ANP 35,649
  • Sought after location, car parking
  • Energy Rating D
  • Christie & Co Ref: 5444024

Full description

Tenure: Freehold

Description

The Limes is a grand property with twelve rooms, two lounges with a bar and a dining room. Close to both York city centre and the University, the business has an excellent reputation and good repeat business.

A well-established business, ideally located with ample parking, it is easily accessible from the nearby A64 and is close to the very popular McArthur Glenn Shopping Outlet and the York Barbican.

Consistent repeat business, reviews and awards deliver an above-average B&B room rate.

A beautiful building, full of charm and original features in one of York's most sought after locations.

The property has a fantastic, fully fitted professional kitchen and a beautiful garden with an outside seating area.

Location

Fulford road is one of York's most desirable locations, near to the University and one mile from York City Centre, easily accessed from the A64, the main route to York from the rest of the county.

York is the most visited city in the UK after London, with nearly 8.5 million visitors each year, both domestic and international travellers.

York is the capital of Yorkshire, a third of all overnight tourist trips to the county were made by residents of Yorkshire and account for 1.663 million visits and £286 million of expenditure.

Internal Details

There are two reception rooms with a mobile bar, a large dining room, and a large, beautiful very well-equipped kitchen.

The Limes has two ground-floor bedrooms, one family room and one double room. Ten further letting rooms and owner's accommodation are found on the first and second floors.

Fixtures & Fittings

All fixtures and fittings are included with the exception of any of our clients' personal belongings.

Letting Accommodation

The 4 Star guest house accommodation is set over three floors, there are 12 en suite bedrooms comprising two family rooms and 10 doubles, with four being premium. The rooms have all been recently refurbished and are very well presented.

External Details

The Limes has a large car park and a link detached double garage with mezzanine. There is an enclosed garden area that can be used by guests or exclusively private.

Owner's Accommodation

The owner currently uses one of the letting rooms for residence.

The Opportunity

The Limes is a stunning building that makes an ideal owner-operated bed and breakfast, close to York city centre with easy access to the road network and University.

The property will also make an outstanding private dwelling or collection of flats in this highly desirable location, subject to obtaining the necessary planning consent.

Please see The Limes dedicated website

Trading Information

The 2018 accounts showed a turnover of £131,362 with a net profit of £35,649.

Development Potential

The large garage could be extended and converted, subject to planning, to additional letting rooms or separate owner's accommodation. There is also potential to extend along the side of the property into the garden.

The entire property could be converted and extended into flats, prices in the area regularly achieve in excess of £4,000 per square metre.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • York (1.3 mi)
  • Poppleton (3.8 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • York (1.3 mi)
  • Poppleton (3.8 mi)
Distances are straight line measurements from centre of postcode

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