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Profitable And Easily Run Guest House In Exeter For Sale

Exeter, Devon, UK
Asking Price:
£660,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Available on request

Internal details
entrance door to front into reception hall with stairs to upper floors, guest cloakroom. Door into breakfast room an attractive room with windows and door to rear garden, tiles flooring with underfloor heating, feature lighting, breakfast bar and serving counter area with preparation area behind with washing machine, tumble dryer, range of base cupboards with complementary worksurface above, hand basin. The breakfast room is currently utilised as part of the owner’s accommodation, with potential to create an impressive open plan family room/dining room/kitchen. Kitchen recently refitted with a range of modern kitchen units and a comprehensive range of base and wall mounted units, complementary worksurfaces with a range of integrated appliances including electric oven, 5-ring gas hob, fridge and freezer. Tiled flooring, fully tiled walls, stainless steel sink unit, fridge freezer, washing machine and extractor fan.

Letting accommodation
the property offers 9 letting bedrooms which can accommodate up to 18 guests, located on the first, second and third floors. Each of the letting bedrooms is equipped with flat screen televisions with integrated dvd players and satellite television receivers, tea and coffee making facilities, hairdryers and alarm clock radios. The bedrooms are well proportioned and briefly comprise:-

first floor
bedroom 1 a double room with aspect to front and en-suite shower room. Bedroom 2 a family room to sleep 3 with aspect to front, shower cubicle, wash hand basin in vanity unit. Bathroom for the private use of bedroom 2 with bath and low level wc. Bedroom 3 a double room with aspect to rear, shower cubicle and en-suite wc. Linen cupboard.

Second floor
bedroom 4 a twin room with aspect to front and en-suite shower room. Bedroom 5 a twin room with aspect to front and en-suite shower room. Bedroom 6 a standard double/twin room with aspect to rear currently used as a second owner’s bedroom. Shower room.

Third floor
bedroom 7 – a standard single room with aspect to front and wash hand basin. Bedroom 8 a standard twin room with aspect to front and wash hand basin. Bedroom 9 a standard double room with aspect to rear and wash hand basin. Separate wc. Linen cupboard.

Please note: the fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

Private accommodation
situated on the ground floor is the private accommodation which is presented to an extremely high standard and briefly comprises:- sitting room a character room with high ceilings, ceiling rose and ornate coving, solid oak flooring, living flame gas fire in ornate surround, open plan into sun room with sliding patio doors to front garden. Double bedroom a character room with high ceilings, solid oak flooring and a recently refitted bathroom with modern white bathroom suite with shower over bath. The present owners currently utilise bedroom 6 as an additional private room and the breakfast room as a versatile family space.

External details
to the front of the property is an attractive terraced garden incorporating lawned and patio terraces, range of mature trees, shrubs and flowerbed borders and a feature fishpond. To the rear of the property is an attractive walled garden which is fully enclosed with patio terraces on three levels, bin store area, storage shed and a pedestrian rear access.

The business
braeside guest house is presented in first class order throughout and is a well established and well-regarded guest accommodation business. The property has been comprehensively refurbished to a high standard throughout and it occupies a prominent trading position in exeter city centre. The high standards also ensure excellent reviews and strong levels of repeat business and word of mouth recommendations. Through personal choice, our client has chosen to trade the business on an easy to run room only basis and consequently does not offer breakfast or evening meals. Braeside benefits from a strong web presence and has its own website which in turn is linked to numerous well-known online accommodation booking sites. There are excellent levels of repeat trade and its high-profile trading position means there is always a good amount of passing trade and consequently the business benefits from strong levels of forward bookings. The business is run by our client, with no staff employed.

Trading information
our client has chosen to limit the trade of the business right up to the vat threshold of £85,000. Consequently, the business is traded for only 40/42 weeks of the year, however, there is little doubt that the business could easily trade well in excess of the vat threshold. Full accounting information for this extremely profitable business can be made available to interested parties, following a formal viewing appointment.

Potential
we believe that braeside is an excellent opportunity to purchase an established and highly impressive guest house business, in a prime trading position and which still offers tremendous potential to develop all aspects of the trade, as desired. There are undoubted opportunities for new owners to increase the number of weeks that the business trades. Braeside is a stunning and profitable home and business and businesses in such a sought-after locations are always in very short supply, but those which provide an such an easy to run and enviable lifestyle, and still offer genuine potential, such as braeside, are very rare indeed. An internal viewing is essential in order to fully appreciate all that this enviable business opportunity has to offer.

Property Information

Property:

Freehold

Location:

Braeside Guest House occupies a prominent trading position on New North Road, one of the main arterial roads into Exeter city centre. Braeside is conveniently located a short walk from Exeter Central Station and the main shopping and business areas of Exeter city centre, Exeter College and the nearby Exeter University Campus. Exeter itself is the regional capital of the South West and as such is not only an established and expanding business centre, but also a tourist destination year-round. Renowned for its historic Cathedral, University and waterside development, Exeter boasts excellent transport communications with 2 mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30.

Premises Details:

Braeside is a substantial and deceptively spacious four storey Grade II Listed mid terraced property with origins dating back to around 1850. The property has undergone a comprehensive programme of upgrade and refurbishment in recent years and is now beautifully presented and furnished to an extremely high standard throughout. This spacious and well presented property briefly comprises:- 9 well appointed individual Letting Bedrooms which can sleep up to 18 guests; Breakfast Room; modern Fitted Kitchen with integrated appliances; Owner’s Accommodation with Sitting Room, Sun Room, Double Bedroom and En-Suite Bathroom. Externally, the property benefits from attractive Terraced Patio Gardens to the front and rear.

Energy Performance Rating:
E

Contact Information

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