Guest House for sale

Shiptonthorpe Arms B&B, 30 York Road, Shiptonthorpe, Market Weighton, YO43 3EE

£450,000

Property Description

Commercial information

  • Business for sale

Key features

  • Recently converted guesthouse B&B
  • Turnover: 34,727. Profit: 19,733
  • 6 Letting rooms, 2 reception rooms & kitchen
  • 2 Bedroom apartment generating 860 pcm
  • Development site potential c.0.14 acres
  • 8 Car parking spaces. Energy Rating C

Full description

Tenure: Freehold

Description

A freehold guesthouse B&B with a two bedroom self contained apartment for owners or separate rental. The property was previously a trading pub known as the Ship Inn and was converted in 2014 by the current owners.

Location

The Shiptonthorpe Arms B&B is located in Shiptonthorpe village within the East Riding of Yorkshire, in between York and Hull. It is situated approximately five miles south-east of the market town of Pocklington and two miles north-west of the market town of Market Weighton.

Internal Details

The main house - The ground floor comprises a kitchen, 22 cover dining room, living area, and bathrooms. The first floor includes One en suite guest room for the B&B and a two bedroom apartment including a kitchen, dining living room.

To the rear, there is an attached guesthouse which comprises a further five en suite letting rooms to the first floor, and a further guest kitchen, laundry, and boiler room on the ground floor.

Fixtures & Fittings

All fixtures and fittings are to be included in the sale with the exception to any personal belongs to our client.

Letting Accommodation

The property currently has a rolling tenancy for the two bedroom apartment, with the current tenants paying £860 per calendar month. This could also be used as owner's accommodation.

External Details

There is an eight space car park, outhouse, storage, and smoking areas.

The Opportunity

Our clients purchased the property in 2012 and subsequently converted the former Ship Inn pub into a popular and profitable business which opened in 2014.

This is a great opportunity for a prospective purchaser to acquire a freehold business and take advantage of the high occupancy and passing trade that East and North Yorkshire has to offer with this turnkey business.

Alternatively the property has potential for development into further apartments or residential dwellings, subject to obtaining the relevant planning permission.

Trading Information

2016 turnover £32,152. Adjusted net profit £19,733
2017 turnover £25,221. Adjusted net profit £9,659
2018 turnover £34,727.

Business Rates

A new operator will not pay business rates as the rateable value is less than £12,000.

Regulatory

Premises licence


More information from this agent

Nearest station

  • Gilberdyke (8.6 mi)
Distances are straight line measurements from centre of postcode

Floorplans

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Master Floorplan Image
Master Floorplan Image

Map & Street View

Nearest station

  • Gilberdyke (8.6 mi)
Distances are straight line measurements from centre of postcode

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