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The Steppes Holiday Cottages, Lugwardine, Hereford, Herefordshire, HR1 4AL

£775,000

Business rates & charges may apply

Sidney Phillips Limited, The Midlands
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SECTOR

5 bedroom guest house for sale

USE CLASSUse class orders: C1 Hotels

C1

Key features

  • Outstanding 16th century black & white thatched property
  • Two separate, self-contained letting cottages
  • Delightful cottage style gardens, ample parking
  • Scope to introduce further bed & breakfast
  • Well established business

Description

The Steppes Holiday Cottages is located in the village of Lugwardine which is set in the beautiful Herefordshire countryside, just minutes from Hereford city centre.

The city itself is the commercial and economic centre for the county of Herefordshire and the wider surrounding area and enjoys all the amenities you would expect of a city of its size. It attracts many visitors, being within the beautiful Wye Valley countryside and having a number of attractions, most notably its outstanding cathedral with its Chain Library and Mappa Mundi exhibits, all within a 15 minute drive of the subject premises.

The Steppes House and Holiday Cottages has been developed by the current owners who have owned it for a number of years. The original part of this outstanding Grade II listed 'black and white', timber framed, thatched property is reputed to date from circa 1530 and has been extensively and sympathetically extended and developed over many years. Under the current owner's guidance, it has operated as a bed and breakfast and more latterly as an outstanding family home, with two separate letting cottages: 'UpStairs' and 'Garden Lodge'; both offering one bedroom self-contained accommodation of the highest standard. The main house is currently used exclusively as a family home, but previously operated as a bed and breakfast. One of the ground floor rooms having its own external access which is ideal for further letting capability.

The premises offer huge scope for further development of the business, if required. Alternatively, it continues to be used as an outstanding family home with additional income.

The Steppes House

Ground floor:
Open plan KITCHEN/DINER with partially glazed roof, tiled floor, farmhouse style fitted kitchen units and dining table for six. UTILITY. Private LOUNGE having heavily beamed ceilings, carpeted floor and outstanding Inglenook fireplace with Godwin tiled hearth.

BEDROOM 2: Double with EN SUITE (having door access directly to the back garden which allows it to be operated as an additional letting bedroom).

Entrance hallway to the front. Stairs to first floor.

First floor:
BEDROOM 1: Double bedroom with shower ensuite and wardrobe.
MASTER BEDROOM SUITE: Comprising of double aspect bedroom, large "his and hers" dressing room and full bathroom suite.

BASEMENT providing a further storeroom/private room with tiled flooring, part wood panelled walls and having the benefit of natural light.

Cottages
'Garden Lodge':
Timber clad with pitched slate roof providing an open plan LOUNGE, DINING ROOM and KITCHEN. DOUBLE BEDROOM and BATHROOM. PRIVATE GARDENS.

'UpStairs':
Forming part of the CARPORT. This is timber clad with a pitched slate roof. The accommodation comprises a ground floor entrance leading to the first floor apartment with open plan LOUNGE, KITCHEN and BEDROOM together with BATHROOM having walk-in double shower.

External
Private driveway access leading into the stone gravelled car park, which can accommodate eight vehicles comfortably. CARPORT with two spaces. Surrounding the main house and the letting cottages are a number of independent cottage style gardens with an abundance of charm and character.

The business has been developed by the current owners since 2010, during which time it has operated as a bed and breakfast but lately as a family home with separate letting cottages. As a B&B, the business achieved sales in the region of £80,000.

More recently, they have designated the main house for personal use only with income derived from the two cottages. On this basis, the income is in the region of £25,000 per annum. However, by the vendors' own admission this is due to them not pushing the business, with limited advertising.

They currently offer 'UpStairs' at a tariff of £95.00 per night and the 'Garden Lodge' at £120.00 per night, with a minimum stay of two nights. The main season occurs between Easter and October but there is huge scope to drive the business forward with an extensive marketing campaign to trade fully for twelve months.

The Steppes Holiday Cottages, Lugwardine, Hereford, Herefordshire, HR1 4AL

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hereford Station2.1 miles

About Sidney Phillips Limited, The Midlands

Shepherds Meadow, Eaton Bishop, HR2 9UA

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

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