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Bed And Breakfast In Glorious Wye Valley For Sale

Symonds Yat, Herefordshire, UK
Asking Price:
£98,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

Superbly located Bed and Breakfast business in the Wye Valley, between Ross-on-Wye and Monmouth.
Situated on the banks of the River Wye at Symonds Yat East, overlooking the rapids, where the river flows into a steep sided gorge under the famous Yat Rock.
Twelve letting bedrooms and owners flat, established for 50 years in a top tourist destination, ideal for exploring the outdoors.
Easy to operate and manage.
From the doorstep one can enjoy virtually every outdoor pursuit, whether relaxing oneself, or for customers.
Featured in numerous guides with a good Booking.com and Trip Advisor rating.
Symonds Yat has featured in The Times' "50 Best Autumn days out in Britain" and many other newspaper articles and TV programs, such as Countryfile and Wish You Were Here.
The current operators have retired, after having run the business at a fairly sedate pace. There is potential for future growth. At the moment the bar and kitchen are not being utilised, and could be used to furnish residents for evening dinner and drinks, although there are two well established eateries within 100m.

The property will be leased, ready to operate as a Bed and Breakfast business immediately from day one. Full redecoration of the exterior, and some interior decoration is currently being undertaken.

All regulations complied with:
Fire Alarm System
Boiler Service
Risk Assessments, etc
NAPIT Electrical Safety report

Lease £98,000 ingoing for a Ten Year lease.
Annual rent starting at £32,000, rising in steps to £39,000 pa for the last five years.
Payable monthly in advance.

An opt out clause could be written in at years three and five, if desired, with a pro rata ingoing return.

This is a lifestyle business that is a fantastic opportunity for the right people to enjoy work and play in the area during time off hours, such as fishing, cycling, golf, walking, etc

If you want to watch a promotional video of the immediate area, click on the video link below.
This is a video made by the local hostelry, The Saracens Head Inn, which is not the property for sale, but you will get a feel for the area from the video.

If interested, please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Lease Terms:

Ten year lease, negotiable.

Leasehold Rent:

£32,000-40,000.00 per annum

Living Accommodation:

One bedroom flat.

Location:

Riverside Hamlet.

Premises Details:

12 letting rooms, one flat, detached, ample parking, terrace, lawn.

Energy Performance Rating:
D

Business Operation

Expansion Potential:

Potential for more room income, bar and kitchen for residents.

Competition / Market:

One hotel, one Inn, one small B and B.

Reasons for selling:

End of tenure, retirement.

Trading hours:

To suit personal circumstances.

Employees:
One part time.
Years established:
50

Other Information

Support & training:

Support and advice offered.

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£2,000
Website:
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Related Documents:

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