Freehold Guest House

Chester, Cheshire
REF: 01477

Asking Price:
£599,950
Annual Turnover:
£140,000
Annual Net Profit:
£60,000
Recently Sold
REF: 01477
Photo of Freehold Guest House
Photo of Freehold Guest House
Photo of Freehold Guest House

Overview

Tenure:
Freehold
Established:
TBC
  • • Two storey semi-detached building
  • • Central Position to Chester
  • • AT: £160,000+
  • • Low Overheads
  • • Viewing Essential

A very well located Freehold building that has been trading as a guest house for decades. The business is positioned upon Hoole Road which is a firm favorite for accommodation businesses within Chester. The property has undergone a thorough renovation by the current owner towards a very practical business that retains a firm amount of character.

The Guest House offers exciting scope for development to build on a solid platform created by the current owner, who operates the business silently with the assistance of a family management structure in place.

This tall semi-detached townhouse style building is entered through a sheltered entrance that maintains the original porch of the building that is typical of the period. This leads into a grand hallway and vestibule area that has had its original tiled floor uncovered by the current owner. There is a spacious and well-presented dining room at the front of the ground floor; this has been completely re-furnished without compromise to cost.

There are 8 ensuite bedrooms in total within the business, these are split over the two floors with a very large family room being positioned on the ground floor. Also on the ground floor, there is a bedroom for owner accommodation as well as a commercial kitchen.

The upper floor of the property is well laid out and has a strong calibre of letting rooms that are all in a pinnacle level of condition. A stand out feature within the business is the addition of the annex that incorporates two luxury fitted rooms that are a firm favorite with guests.

Intelligent Business Transfer are delighted to offer to the market this exciting opportunity to purchase a superbly position Freehold Building that is within an area of value inflation in all areas of property.

The semi-detached building sits in the suburb of Hoole in Chester and is hugely practical in size whilst offering ease of accessibility through a central location. The building is positioned amongst the bulk of the city’s guest houses with independent hotels and is a well-known area for success in the industry.

The business offers an absolutely stunning product within a unique building interior that has been crafted by the current owner since purchasing the business in 2003. The guest house dates back to almost a century ago and is bursting with features of the era. The combination of character and practicality is a credit to the current owner and staff involved.

The business is very well visited by a dynamic range of tourists who frequent the city for its historical attractions and popular Zoo. Overall, the business has a strong occupancy rate that is in excess of 85%, this fuels the strong turnover that the business records that is in excess of £160,000. With adjustments made, the net profit of the business can comfortably exceed £60,000 and provide a demanded lifestyle.

There is an abundance of potential left within the business that would suit either silent ownership or benefit owner operation. The sale is inclusive of a very high quality range of fixtures and fittings within a property that is in need of no work whatsoever.

Location

Property

Rates
£2,508
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup