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Bath Breaks, 16 James Street West, Bath, BA1 2BT

Guide Price
£695,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Established Serviced Apartment Business
  • Bath City Centre
  • Two self contained 2 bedroom apartments
  • Annual turnover circa £90,000 p/a
  • Excellent décor throughout
  • Incredibly low outgoing costs
  • Christie & Co Ref: 3440611

Description

Description

The business operates from two first floor apartments situated in a modern clean building constructed in 2007. Both apartments are presented in excellent condition, with modern décor, and furnished in line with the business needs.

Apartment 16 is a two double bedroom property. There is a family bathroom with shower, kitchen, dining room and a bright, open plan living room. The current layout sleeps five with one double bed, two twin beds and a sofa bed in the living room.

Apartment 16a is the larger of the two apartments. It also has two double bedrooms, one with en suite, family bathroom with shower, kitchen, dining area and an open plan living room.

The property is on a long leasehold (999 years) starting from 2008.

Location

The property is on James Street West, a short level walk to the city centre Bath.

Bath is a World Heritage City famed for its Roman heritage and Georgian architecture. With a variety of historical sites and museums, Bath also plays host to a variety of cultural events including Bath Literature Festival, The Great Bath Feast and the Bath International Music Festival.

Boasting an eclectic mix of independent boutique shops, bars and restaurants alongside international brands, top level sport at Bath Rugby and relaxation at the world famous spa, Bath provides something for everyone.

The tourism trade attracted circa four million visitors last year in an industry worth over £430m to the local economy. 10% of all employment in Bath is in the tourism trade.

Fixtures & Fittings

All fixtures and fittings conducive to the business as an ongoing concern are included. Both apartments include microwave, oven with hob, dishwasher, fridge freezer, toaster, kettle, dinner set and TV.

The Opportunity

This is an established and successful holiday let business in Central Bath. The business has been trading at 82% occupancy for the past 12 months.

There is approx. £40,000 of advance bookings available to a new owner, with this figure increasing daily.

Last year the business sold 647 nights to a total of 2,638 guests offering return business opportunities.

The business boasts 4.5/5 Star reviews from over 240 independent reviewers, many commending Bath Breaks on the excellent location, presentation and cleanliness.

This is a real turn key opportunity for either a hands on owner, or a solid investment product utilising one of the numerous local agents to manage the site.

It is unusual, due to planning restrictions in the city for apartments to be used as Holiday lets for a full 12 month period. The two apartments occupy the entire floor of a modern building, ensuring ease of management and the potential for larger group bookings.

For further information please visit the website on:

Trading Information

The fixed and outgoing costs are incredibly low for a business such as this. Fixed costs are currently at £629pcm across the business for utilities, insurance, rent and service charges. The business enjoys year on year turnover circa £90,000 per annum.

Tenure

Long Leasehold

Lease Term - 999 years
Lease Start Date - 25/03/2008
Lease End Date - 25/03/3007
Rent pcm - £25
Management Fee's pcm - £60

Energy Performance Certificates

EPC 1

Brochures

Bath Breaks, 16 James Street West, Bath, BA1 2BT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bath Spa Station0.6 miles
  • Oldfield Park Station0.6 miles
  • Freshford Station4.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3440611-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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