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9 Bedroom Guest House/ B&B For Sale

Mitcham, Surrey
Asking Price:
Under £50K Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
£50K - £100K

9 Bedroom property consisting of 7 double, 1 triple and 1 single rooms, 2 kitchens and 2 bathrooms for a monthly rent of £5500. Previously used as a successful Bed and Breakfast. Is partly furnished. Has very good transport links to central including by Bus, Train and London Underground.

Property information

Property:

Leasehold

Lease Terms:

A minimum of 3 years lease. All expenses are to be paid by the leasee including but not limited to maintenance of the property and utility bills

Leasehold Rent:

£66,000 per annum

Living Accommodation:

A room can be used to live in. A ground floor room is located close to a kitchen which can provide some privacy from the rest of the property.

Location:

A main road in Mitcham.

Premises Details:

Located within a parade of shops, which include a Tesco, Nisa supermarkets, a Dry Cleaners and restaurants.

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Expansion Potential:

N/A

Competition / Market:

No local competition

Reasons for selling:

Retirement

Trading hours:

24/7

Employees:
Currently 0
Years established:
B&B since 2003

Other Information

Support & training:

None

Furniture / Fixtures value:
£5,000 - included in the asking price
Home based:
This business can be run from home.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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