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Four Star Guest House In Southampton For Sale

Southampton, Hampshire
Asking Price:
£615,000 Furniture / Fixtures included
Turnover:
£83,000
Net Profit:
£47,000

4 STAR GUEST HOUSE, OFFERING HIGH QUALITY, SELF-CATERING ACCOMMODATION, OCCUPYING ACCESSIBLE POSN, CONVENIENT FOR CITY CENTRE & STATION, SOUTHAMPTON. Substantial semi-det. prop circa 1908 with later rear extensions. Fully refurbished & modernised in recent yrs. Offering a home-away-from-home for long & short stay guests with shared kitchen & laundry facilities. 7 well-appointed en suite letting bedrooms, comfortably accommodate 12 guests. Desirable s/c 1 dble bed etc owners flat. Parking for 5/6 cars + gge. Run by H&W team. Retirement sale – same hands 13 yrs. Recorded gross T/O approx. £83,000 (inc VAT). EBITDA approx. £47,000. Accts avail. - £615,000 FREEHOLD (Ref. GH.3767)

Property information

Property:

Freehold

Living Accommodation:

Separate, desirable, self-contained owners flat is situated on the ground floor to the rear of the building and comprises: a modern fitted kitchen/breakfast room, a lounge, a double bedroom and a bathroom with under-floor heating.

Location:

Convenient for the city centre, railway and coach stations.

Premises Details:

• Set back from the road, with forecourt parking
• Substantial semi-detached property dates back to circa 1908 with later rear extensions
• Fully refurbished and modernised in recent years, with gas central heating and double glazed windows
• Offering a home-away-from-home for long and short stay guests, with fully serviced rooms, plus 2 shared kitchens and laundry facilities
• Comfortably accommodating 12 guests
• 7 well appointed letting bedrooms include: 3 double/twins; a family suite; and 3 single rooms – all having en suite shower rooms with toilets and wash hand basins
• Tarmac car parking for at least 5/6 vehicles plus large garage/store and pea shingle covered garden area

Business Operation

Reasons for selling:

Retirement.

Employees:
1 part-time cleaner
Years established:
13 years

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