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The Keep, 8 South Street, Yeovil, BA20 1QE

Guide Price
£850,000

Business rates & charges may apply

Christie & Co, Bristol
SECTOR

Hotel for sale

Key features

  • Boutique B&B in bustling town centre
  • 14 en-suite guest bedrooms
  • Presented to an exacting standard
  • Owner Operated
  • Enviably homed in a characterful building
  • Onsite parking. Energy rating D
  • Christie & Co Ref: 3440525

Property description

Description

Desirably located in the heart of the town centre, The Keep is homed in an imposing period property offering a wealth of charm. Since its regeneration to a boutique bed and breakfast hotel, the property has built an excellent reputation and solid trading history.

Having undergone a rigorous yet sympathetic programme of refurbishment the boutique hotel offers 14 guest bedrooms providing modern, stylish and comfortable bed and breakfast accommodation.

Location

Yeovil is a town and civil parish located in South Somerset. Popular with visitors and businesses alike, the town has a large residential population as well as being a prevalent layover point for those travelling to the coast.

Local attractions include the Fleet Air Arm Museum, The Octogen Theatre and Ninesprings National Park. The area is famed for its Military background and several navel & aerospace companies including AgustaWestland and BAE Systems are based in the town. The Royal Navy airbase in Yeovilton is one of the busiest military airbases in the UK.

Located within the town centre, The Keep is an ideal base to explore the town and eclectic mix of bars, eateries, boutique shops and business which sit alongside national chains just moments away.

Internal Details

There are 14 principle guest bedrooms across two buildings including two luxury suites and a self-catering suite. The main reception room and dining/breakfast room are on the ground floor as well as a disabled guest bedroom. There are plenty of ancillary rooms including storerooms, preparation areas and public facilities.

Fixtures & Fittings

Trade fixtures and fittings are included within the sales price. A full inventory will be made available prior to exchange of contracts.

Terms

Christie & Co is instructed to market the freehold interest in The Keep Hotel at an asking price of £850,000 to include fixtures, fittings and on-going goodwill.

External Details

There is onsite parking for several cars as well as a pretty courtyard entrance.

The Opportunity

Currently rated a top 3 hotel in Yeovil on TripAdvisor, The Keep hotel represents a great opportunity to acquire a business in excellent condition, boasting an outstanding reputation and superb trading location.

The hotel has benefited from a thorough refurbishment and is presented to a stylishly exacting standard. The luxury tower suite is fitted with a kitchenette area and can comfortably accommodate a family, as well as providing self-catering accommodation, should this match guests' needs.

The hotel typically attracts both tourists and commercial guests, benefiting from year round demand from overseas business visitors providing a welcome stream of professional clientele. Such is the quality of the accommodation; the hotel is frequently used by wedding guests from nearby venues.

Staff

The business is currently owner operated with the assistance of part time staff as needed.

Trading Information

Accounts for YE 31/3/20 show a turnover of £277,726 with an ANP of £146,239

Business Rates

The current rateable value is £18,500. Purchasers are advised to make their own enquiries into rates payable.

Energy Performance Certificates

EPC 1

Brochures

The Keep, 8 South Street, Yeovil, BA20 1QE

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Yeovil Pen Mill Station0.9 miles
  • Yeovil Junction Station1.4 miles
  • Thornford Station3.0 miles

About Christie & Co, Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

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

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Notes

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Disclaimer - Property reference 3440525-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, Bristol. 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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