Guest House for sale

Bay House, Esplanade Road, Scarborough, East Yorkshire, YO11 2AS

Offers Over £475,000

Property Description

Commercial information

  • Business for sale

Key features

  • Ten bedroom 4 star Victorian guest house
  • T/O year ending 05/04/18: 80,000
  • 5 storey period property end terrace
  • Close to Scarborough's Spa Cliff Lift
  • Clifftop location & sea views
  • Dining room and separate bar. Energy Rating C
  • Christie & Co Ref: 5444013

Full description

Tenure: Freehold

Description

An excellent opportunity to purchase an attractive and successful guest house within a grand period property in one of Scarborough's most sought after locations.

Bay House is a Victorian terraced property, retaining many original features, arranged over five floors of living space with a private rear garden and a garage.

With access to the south beach via Scarborough's Spa Cliff Lift.

Location

One of the most sought after locations in Scarborough, the Esplanade Road is just off the Esplanade, Bay House is an end-terrace on a row of five-storey Victorian properties.

The Esplanade is the prime hotel and guest house area in Scarborough.

Very close to 'Scarborough's Spa Cliff Lift' and the 'Rotunda Museum' this guest house is on a popular walking route and close to local shops, pubs and restaurants.

The highly regarded 'Scarborough College' private school is nearby.

Scarborough is a highly desirable location as it offers access to York, Whitby, The Yorkshire Moors, and the wonderful Heritage Coastline

Internal Details

Further to the ten letting rooms, the ground floor has a breakfast room, also used for afternoon tea as well as the licensed bar and snug.

Letting Accommodation

There are ten letting rooms over four floors, all with their own bathroom. There is a range of double, twins and family rooms.

Owner's Accommodation

The owner's accommodation is on the lower ground floor, with a living room, bedroom and kitchen .There is access to the garden and converted garage.

The converted garage is currently being used as a third reception room by the owners.

The Opportunity

Bay House is a period Victorian guest house in this very popular seaside destination.

South Bay is one of Scarborough's most well-established areas for hotels and guest houses, Espalande benefits from an elevated position, the southwest orientation of this guest house offers views over the sea and coastline.

There is scope to develop trade in the bar and dining room, by serving throughout the day and in the evenings to residents and non-residents, subject to the license.

Trading Information

The guest house operates throughout the year and accounts for the year ending 5th April 2018 show a turnover of £81,983 with an adjusted net profit of £29,845.

Development Potential

The lower ground floor could be converted into a restaurant.

The entire building could be converted to serviced apartments.

The property could be converted into residential flats or a substantial home, subject to an application to change the current use.

Business Rates

The current rateable value is £5,800


More information from this agent

Nearest stations

  • Scarborough (0.6 mi)
  • Seamer (2.3 mi)
  • Filey (6.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Scarborough (0.6 mi)
  • Seamer (2.3 mi)
  • Filey (6.1 mi)
Distances are straight line measurements from centre of postcode

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