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A Five Star 5 Bed Guesthouse For Sale

Southend-On-Sea, Essex, UK
Asking Price:
£930,000
Turnover:
Available on request
Net Profit:
Available on request

A FIVE STAR 5-BED GUESTHOUSE with 2-BED OWNER'S ACCOMMODATION that is RANKED NO 1 B&B ON TRIP ADVISOR and is recognised as the only 5 star in the area. Occupying a FRONTLINE POSITION, Gilbert & Rose are delighted to offer this AWARD WINNING BUSINESS that is located on SOUTHEND SEAFRONT. Having been ESTABLISHED OVER 30 YEARS, our clients have COMPLETELY RENOVATED AND REFURBISHED the property with SIGNIFICANT INVESTMENT over the years to bring the property to market with a GENUINE REASON FOR SALE after enjoying 10 YEARS OF OWNERSHIP. Room rates are between £99 per night and £150 per night which remain static throughout the year and are very rarely discounted unless it is a single occupancy or corporate clients who opt to have no breakfast. Our clients work to suit themselves and often close for the whole of January which presents HUGE SCOPE to increase revenues. The business has an ENVIABLE REPUTATION benefiting from HIGH CUSTOMER RETENTION and has featured several times in LOCAL & NATIONAL PRESS. This is a real LIFESTYLE BUSINESS in a UNIQUE LOCATION with SPECTACULAR SEA VIEWS in a property that is VERY WELL PRESENTED and has QUALITY FIXTURES & FITTINGS throughout, so an EARLY VIEWING IS ADVISED. OUR REF: RX------ H6494E

Location

The business is located on the seafront between Southend and Thorpe Bay occupying a prime trading position within the main stretch of hotels and guesthouses with spectacular sea views and terrace to suit.

Exterior Front

A frontline sea-facing, four-storey, terraced property benefitting from a decorative front garden, inclusive of a raised terrace with signed glassed separator barriers. The property has been well maintained, is well-branded, has free parking directly outside and a wrought-iron branded gate to the front of the premises.

Ground Floor

Upon entering the premises you find yourself in a wide entrance hall measuring approximately 33'11" x 5'07" = 190.75 sq. ft. with solid wood flooring throughout, high ceilings and period features from the early 1900s. In the hallway is the staircase which is carpeted with runners adding to the premium feel. Within the hallway is a door leading to the guest toilet. A door on the right-hand side will lead you to the guest lounge and breakfast room measuring 32'02" x 16'01" approximately 518.03 sq. ft. with well-presented quality fixtures & fittings that also features an open wood-burning fire, comfy sofas, feature hanging chandelier-type lights, dressers, a drinks station, an upright drinks display fridge and a bean-to-cup coffee machine. Within the guest lounge and breakfast room are steps leading to double patio doors to the terrace with sea views.

First Floor

Bedroom One: measuring approximately 23'09" x 11'11" = 284.65 sq. ft. at a current room rate of £130 per night. Beautifully presented throughout it has a super-king bed, 2 chairs, a table, wardrobe, desk, bedside tables, a tea & coffee station, mini fridge and a flat screen TV. The en-suite bathroom is part-tiled with marble feature countertops, a hand wash sink, a large shower, WC and a roll-top bath.

First Floor

Bedroom Two: a small double measuring 10'06" x 10'11" = 115.39 sq. ft. priced at £99 per night. Furnished with 2 chairs, a table, wardrobe, desk, bedside tables, a tea & coffee station, mini fridge and a flat screen TV. The en-suite has shower, WC and hand wash basin.

First Floor (Split Level)

Bedroom 3: large double measuring 13'01" x 14'05" = 193.83 sq. ft. Four poster bed furnished with 2 chairs, a table, wardrobe, desk, bedside tables, a tea & coffee station, mini fridge and a flat screen TV. En-suite with large double shower with marble countertop, hand wash basin and WC. Currently priced at £109 per night.

First Floor (Split Level)

Bedroom 4: measuring 20'11" x 14'08" = 307.15 sq. ft. priced at £150 per night. Large super-king suite, sofa, furnished with 2 chairs, a table, wardrobe, desk, bedside tables, a tea & coffee station, mini fridge and a flat screen TV. This room has a large bay window with sea views and door to a Juliette balcony terrace with table and chairs and sea views. En-suite with vanity mirror, large shower, part-tiled and with marble countertops, WC, hand wash basin and a roll-top bath.

Second Floor

Bedroom Five: measuring 16'04" x 15'05" = 251.44 sq. ft. priced at £145 per night. Super-king bed furnished with 2 chairs, a table, wardrobe, desk, bedside tables, a tea & coffee station, mini fridge and a flat screen TV. This room also has part-tiled floor with a roll-top bath. Reduced height ceiling with sky light type windows provide sea views. The bedroom has an en-suite shower room with WC and hand wash basin.

Owner's Accommodation - Ground Floor

Commercial Kitchen

Towards the end of the main entrance hall is a door leading to the COMMERCIAL KITCHEN, fully equipped with stainless steel prep tables, a coffee machine, a 5-hob Rangemaster with double oven, a wine fridge, a blender, 2 x 4-slice toasters, microwave, an upright American-style double-door fridge, extraction system, hand wash sink and a double sink unit.

Ground Floor - Office

The owner accommodation also benefits from an OFFICE with an internal door to a WET ROOM, TOILET AND SHOWER.

Laundry Room

From the rear of the kitchen, another door leads into a corridor with a door to a separate LAUNDRY ROOM with countertop American-style washers and dryers.

Private Lounge & Garden

A door at the end of the corridor leads to the owner's accommodation PRIVATE LOUNGE with patio doors leading to PRIVATE GARDEN which provides access to a PRIVATE CAR PARK.

Owner's Accommodation - Basement

Stairs from the main entrance hall lead you to the basement, providing access to a BEDROOM currently used as a GYM. The MASTER BEDROOM has walk-in fitted wardrobes. In the basement is the FAMILY BATHROOM with double sink unit, WC, bath and shower.

Staff

The business is run by our clients, husband and wife team.

Turnover

Annual turnover circa £80,000 with high gross profit margins and adjusted net profits in excess of £44,000. Full financial information will be disclosed at our client's discretion on or after a meeting.

Business Rates

The premises are subject to a rateable value of £9,300 and we are advised zero business rates are payable.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

Property Information

Property:

Freehold