Immaculately Presented & Delightfully Situated 8 Bedroom For Sale

Business description

BEAUMONT HOUSE
GREAT YARMOUTH, NORFOLK

Immaculately presented & delightfully situated 8 Bedroom, 4 star (Silver) guest house
Year-round trade from a mixture of both commercial & leisure guests
Combines superb attached 4 bedroom owners’ accommodation with a profitable business
T/O £72,513 net of VAT to 5 April 2009, up 72% on prior year & 30% up year to date
Offers around £399,950 – Freehold

A previous winner of the Tourism in Norfolk awards in the Bed & Breakfast and Guest House category, and one of just two guest houses in Great Yarmouth to earn the coveted 4-star Silver Award from enjoyEngland, are just two of the accolades that help Beaumont House achieve its excellent room rates, unprecedented
in the area. Add a 4 bedroom owners’ wing, along with a strong turnover producing healthy profits, and the package is virtually complete. Well presented public areas and eight superbly presented en suite bedrooms just add to the appeal of this business, which couples a comfortable home with a splendid lifestyle.

Great Yarmouth is a prominent seaside holiday resort situated on the East Coast of Norfolk. It has much for the leisure visitor, including miles of sandy beaches and, of course, the bright lights of the Pleasure Beach. For the more sedate, the Norfolk Broads are a short distance away, together with numerous nature reserves. Commercially there has been much investment in the town in the last few years and significantly more to come. The outer harbour project will add to the thriving port industry and bring a ferry link to the Netherlands. The area is also at the forefront of the wind power industry and Beaumont House is ideally placed to capitalise on these commercial opportunities. It is located in a quieter area of the town, with sea views from many of its bedrooms, yet only a stroll away from all the facilities.

Our clients, a hands-on couple, have owned the business since March 2007. They have invested significantly in the property, both in terms of refurbishment and also furnishings, and now feel that the time is right to consider other challenges. The opportunity that our clients leave behind for new owners would be to
maintain the current levels of business and enjoy the lifestyle that they do, including closing the business on three separate occasions for holidays, or to drive trade to the next level, building on the quality of accommodation and the excellent reputation for which Beaumont House has become known.

THE PROPERTY
A substantial semi-detached property of painted, solid brick construction under a pitched tile roof with a rear single-storey extension to provide the owners’ wing. Letting bedrooms are provided on ground and upper floors.

PUBLIC AREAS
When entering Beaumont House from the lefthand side, there is a Reception area which leads off to the right into the Residents’ Lounge having contemporary furnishings including comfy leather sofas and a deep bay window. An arch leads through to the Breakfast Room with light wood tables and high back chairs; the
room lends itself as a Dining Room, as required, and also has the Bar Servery to one end.

LETTING BEDROOMS
Eight letting bedrooms to sleep 15 are provided, all of which are en suite, with the exception of one room which has private facilities. There are 4 doubles, 2 spa rooms with Jacuzzis, a twin and single. A further single bedroom is currently used as a laundry store but could be utilised for letting if required. Each room has central heating radiator, flat screen TV with DVD & Freeview, Wi-Fi, tea & coffee making facilities, hospitality tray and hair dryer. Mini bar/fridges are provided in three of the rooms.

OWNERS' ACCOMMODATION
On the ground floor, just off reception, is a comfortable lounge. There are 4 bedrooms and a bathroom off a long hallway, giving the impression of a bungalow.

SERVICE AREAS
A good quality residential/semi-commercial kitchen is located on the ground floor, which also has a separate wash-up room with prep space and houses the refrigerator and freezer. A door leads through to the owners’ wing and also into the garden.

OUTSIDE
To the rear is a pleasant garden with ornamental pond, terracing and an area of lawn. To the front there is parking for up to 4 vehicles.

SERVICES
Gt Yarmouth Borough Council.
Mains gas, electric, water and drainage. Gas central heating.

LICENCE
Premises Licence
2009 LISTINGS
enjoyEngland 4* Silver award Guest House

TRADE
A trading profit & loss account provided by our clients’ accountant shows turnover for the year to 5 April 2009 of £72,513 net of VAT, on which there was a healthy profit. As a comparison to the same period last year, turnover has grown by 72% and, for the current year, management accounts show a further growth of 30%. It is worth mentioning that the 2008/9 turnover was obtained utilising only 7 of the 8 bedrooms, thus in reality turnover could have been some £10,000 higher.

PRICE
Offers around £399,950 for the freehold property, complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DIRECTIONS
When entering Great Yarmouth from the A47, go straight across two roundabouts, following the signs for the seafront. At the traffic lights turn left into Wellesley Road where Beaumont House can be found a few hundred yards on the left-hand side. Lowestoft 11 miles, Norwich 21, Cromer 32, Diss 37, Ipswich 59.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold