Hotel for sale

The Beeches Guest House, 2 Guanock Terrace, King's Lynn, Norfolk, PE30 5QT

Offers in Region of £450,000

Property Description

Commercial information

  • Business for sale

Key features

  • Highly profitable guest house business
  • Detached property close town centre
  • Seven letting rooms & dining/lounge areas
  • Self contained two bed living accommodation
  • Sales year end 31/8/2018 82,087
  • Same ownership for last 15 years. Energy Rating D

Full description

Tenure: Freehold

Description

The Beeches Guest House is a detached and extended property, at one time a number of separate cottages, and now having accommodation on ground and one upper floor under pitched slate roofs. Additionally, the property has an enclosed lawned garden area with summer house, a courtyard which can accommodate three vehicles and various sheds used for storage.

Owned by the vendors since 2004, the property has seen extensive improvements and refurbishment over the intervening years and is undoubtedly now offers some of the most sought after letting accommodation in the town.

Operating year round on a bed & breakfast basis, the Beeches is highly profitable and is an ideal purchase for an operating couple. Retirement is driving the wish to sell and we accordingly recommend that early viewing arrangements are made.

Location

The Beeches Guest House is a very attractive detached property located close to the centre of the historic Norfolk town of King's Lynn. The immediate surroundings form a Conservation Area, principally made up of private residences together with other guest houses and hotels.

King's Lynn is served by excellent road and rail services, the town having easy access to the A10, A47 and the A148 & A149 trunk roads, there also being a regular direct rail service to London King's Cross, via Cambridge, of just under two hours. Major towns in the region include Wisbech, 13 miles, Swaffham, 15 miles and the coastal resort of Hunstanton, some 17 miles away, whilst Cambridge and London to the south are approximately 45 miles and around 100 miles distant respectively.

Internal Details

Front door to entrance area/lobby
• Lounge used by residents
• Dining room accommodating around 20
• Kitchen and utility room
• Office

Fixtures & Fittings

Well equipped throughout for the trade undertaken.

Letting Accommodation

The property's letting accommodation is all at first floor level, and comprises seven bedrooms in total, six with bath or shower en suite - one single, three twins, two doubles and one family room. One of the twin rooms is not en suite but has exclusive use of its own bathroom, a second has a bath en suite and the third has a bath and separate shower cubicle. The family room, sleeping three, has a shower en suite. Public WC.

Room rates range from £52 to £120, dependent upon room type, occupancy and length of stay.

External Details

The property fronts Guanock Terrace and has a private walled garden and courtyard to the rear together with a number of sheds used for storage. There is extensive free on street parking on the surrounding roads.

Owner's Accommodation

Self contained ground floor accommodation including large lounge, two double bedrooms and bathroom with large shower cubicle.

The Opportunity

The Beeches Guest House is an established and highly profitable business drawing commercial and leisure trade, much of it repeat, throughout the year. Given the profile of the operation, the property would ideally suit a couple looking to acquire a small accommodation business which offers limited service and no evening meals whilst still generating a substantial return each year. The business also has the advantage and opportunity of being traded on a lifestyle basis if required.

The property was extended prior to our clients buying the business, in order to create the living accommodation on site, reinforcing the extensive scale of the building, not apparent from an initial examination of the images in these particulars.

Staff

Operated by our two clients with just one part time housekeeper.

Trading Information

The business has had stable levels of revenue for some years, sales for 2017/18 having been £74,481 with the 2018/19 showing total revenue of £82,087. More detailed financial information is available to interested parties who have viewed.

Business Rates

The property has a rateable value of £7,800 from April 2017.


More information from this agent

Nearest station

  • Kings Lynn (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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 station

  • Kings Lynn (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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.

Disclaimer - Property reference 1446678-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 , Ipswich. 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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