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Freehold 10 Bedroom Guest House Located In Penzance For Sale

Penzance, Cornwall
Asking Price:
£535,000 Furniture / Fixtures included
Turnover:
£81,990
Net Profit:
Available on request

Veritas Business Sales are delighted to offer for sale this respected 8 Bedroom Guest House which is located in the much sought after Alexandra road, Penzance, South West Cornwall. The business has been established for over 50 years and has been in the careful hands of our clients for the past 16 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Dunedin Guest House is owner operated, requiring one full time member of staff and has an annual turnover of £81,990 with a gross profit of (75%). Room tariffs range from single room £60.00, double room en-suite £80.00 and a family en-suite £95.00 (depending on the time of year). All prices are per room per night on B&B basis and rooms benefit from central heating, colour TVs, Wi-Fi, and complimentary tea & coffee making facilities. All rooms have recently been fitted with the new Amazon Echo Dot Device. We believe that there is further potential to increase trade should you wish as our client operate this at a gentle pace to suit themselves and chooses to trades below the VAT threshold. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new visiting tourists. This is a superb opportunity to purchase an established lifestyle business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Freehold

Living Accommodation:

Lower Ground
Owners accommodation

Hallway
Lounge (5.7m x 5.1m) with feature bay window
Kitchen (4.0m x 3.8m) with fridge freezer (Whirlpool), sink with drainer, dish washer (Bosch), oil fired cooker (Aga), microwave (Toshiba), microwave (Cookworks), hot water dispenser (Burco), fryer (Delonghi), fryer, 4 burner cooker and fridge (Zanussi)
Rear laundry area (2.0m x 2.0m) with washing machine (Bosch), tumble dryer (Hoover), tumble dryer (Infinity)
Bathroom with shower cubicle, wash basin and w/c
Bedroom 1
Bedroom 2/Office

External
Small courtyard leading to a double garage

Location:

Dunedin Guest House is located in a sought after area in the seaside town of Penzance in the South West of Cornwall. Penzance remains one of the County’s most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael’s Mount, The Minack Theatre and Lands End. The main train line from London to the South West terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.

Premises Details:

Ground Floor
Entrance hallway (1.9m x 1.3m) built in cupboard and stairs leading to first floor
Breakfast Room (4.2m x 5.8m) comprising: tables & chairs to cover (16), various pictures, serving table, under counter cupboard and various shelving units
Bedroom 6 (4.4m x 3.3m) double en-suite with shower cubicle, wash basin and w/c
Bedroom 7 (4.4m x 2.7m) twin en-suite with shower cubicle, wash basin, heated towel rail and w/c
Bedroom 8 (3.4m x 5.1m) double en-suite dual aspect with shower cubicle, wash basin and w/c

First Floor
Bedroom 3 (3.4m x 3.3m) double en-suite with shower cubicle, wash basin and w/c
Bedroom 4 (4.4m x 2.2m and 3.3m x 6.0m) family room en-suite with shower cubicle, wash basin and w/c
Bedroom 5 (4.2m x 3.8m) double room en-suite with shower cubicle, wash basin and w/c
Laundry closet

Second Floor
Bedroom 1 (4.7m x 5.4m) family room en-suite with shower cubicle, wash basin and w/c
Bedroom 2 (2.2m x 3.8m) single en-suite with shower cubicle, wah basin and w/c

Business Operation

Reasons for selling:

Retirement

Employees:
1 full time
Years established:
50 years

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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