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Guest House Amidst Pleasant Residential Area In Southampton For Sale

Southampton, Hampshire, UK
Asking Price:
£710,000 Furniture / Fixtures included
Turnover:
£100,000
Net Profit:
£50K - £100K

Sought after guest house, amidst pleasant residential area, convenient for city centre, southampton. Well-maintained, semi-detached property. Gas CH. D/G. 10 well appointed letting rooms for 19 guests & desirable 2 dble bed owners quarters. South facing rear garden. Retirement sale – same hands 20 yrs. Recorded T/O £100,000 p.a. (ex VAT). B&B only.
- £710,000 Freehold. (Ref: GH.3797)

Property Information

Property:

Freehold

Living Accommodation:

THe owners accommodation: the desirable owners accommodation offered with the business is located on the ground floor to the rear of the property and approached via the utility room, which as previously mentioned has a side entrance door. The owners flat comprises: a bathroom with toilet and wash hand basin that has an electric shower fitment. A double bedroom/office with fitted wardrobes; a further double bedroom with fitted wardrobes; and a sitting room that has french doors to an area of covered decking which overlooks the rear garden. A shared driveway to one side of the building, over which the neighbours have right of way, gives pedestrian access to a small yard/bin area, with shingle covered pathway to the mature, south facing, walled rear garden that has an area of lawn, a summerhouse with power and light and adjoining storage shed.

Location:

This Guest House occupies a desirable location, being situated amidst a pleasant residential neighbourhood, just off Hill Lane. The concern is located upon level ground being within easy reach of Southampton’s main line railway station, city centre and the docks. The business benefits from the abundance of on-street car parking facilities, although has tarmac off-road car parking across the forecourt for 3 vehicles.

Premises Details:

This substantial Semi-detached property was noted upon time of inspection to be in good decorative order throughout, having been well maintained by the present owners. The property is believed to date back to just after the turn of the century, being principally of brick construction under a pitched, tiled roof, with much later flat roof single storey rear extension, which provides the owners accommodation. The property has the benefit of gas fired central heating, with radiators throughout (system not tested) and replacement upvc double glazed windows. The well appointed letting rooms all have colour televisions, tea and coffee making facilities, together with fitted cupboards or wardrobes.

The guest house is approached across a tarmac forecourt which offers 3 lined car parking spaces. There is a canopy above the entrance porch, a half-glazed entrance door giving access to a hallway/reception. The letting accommodation comprises, on the ground floor: bedroom no. 11 (large double bedroom) with en suite shower cubicle, toilet and wash hand basin; bedroom no. 1 (twin) with en suite shower cubicle, toilet and wash hand basin. On the first floor there is: bedroom no. 2 (standard twin) with wash hand basin; bedroom no. 3 (standard double) with wash hand basin; bedroom no. 4 (twin) with en suite shower cubicle, toilet and wash hand basin; bedroom no. 6 (double) with en suite shower cublice, toilet and wash hand basin; and bedroom no. 7 (standard single) with wash hand basin. Also on the first floor there are 2 shower rooms, both with shower cubicles, toilets and wash hand basins and, in addition, there is a linen storage cupboard. On the second floor the letting accommodation comprises: bedroom no. 8 (twin) with en suite shower cubicle, toilet and wash hand basin; bedroom no. 9 (standard single) with wash hand basin; and bedroom no. 10 (family room/triple) with en suite shower cubicle, toilet and wash hand basin. Nb there is no bedroom no. 5.

The attractively decorated breakfast room is approached via the ground floor entrance hall and has 4 tables with seating for 14 people. Adjoining the breakfast room there is a modern, fitted kitchen, leading off which there is a utility room that may also be approached via a passageway at the side of the property and which includes 2 gas fired central heating boilers (not tested).

Energy Performance Rating:
E

Business Operation

Expansion Potential:

In enthusiastic hands it is considered that scope still exists to increase the turnover of the Guest House, especially if evening meals were introduced as currently all the turnover is derived from bed and breakfast.

Reasons for selling:

Retirement.

Employees:
2 part-time chambermaids
Years established:
Same hands - 20 years

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