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Profitable, Remotely Managed, Beautifully Appointed BnB Flats In Bishop Auckland For Sale

Bishop Auckland, County Durham, UK
Asking Price:
£295,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£30,000
Net Profit:
£15,000

On offer are two self-contained two bedroom flats, recently refurbished to a high specification and operating successfully as holiday lets in up and coming Bishop Auckland. Listed on Airbnb, VRBO and with their own website for direct bookings, the flats enjoy a steady income stream with revenue c. 30k pa and can be remotely managed from wherever you are in the country. The flats are sold fully furnished with superking beds, well-equipped kitchens and living rooms with sofas, TV and display cabinets.

Bishop Auckland boasts a large array of tourist attractions ranging from the castle and Roman Ruins through to galleries, museums and the annual open air show Kynren. Durham is a half hour minute drive away and people use the flats both for destination holidays and also as a convenient stopping place between London and Scotland. The flats have received consistently high ratings (4.87 and 4.73 on Airbnb) and have been offered out as holiday lets for the past 8 years.

Property Information

Property:

Freehold

Location:

Residential location a short walk from the town centre and in a conservation area.

Premises Details:

Converted end of terrace former rectory for the local church.

Size in square feet:
2400sqm approx
Planning Consent:

Not applicable

Business Operation

Expansion Potential:

The loft space is enormous and could be expanded into at least two other ensuite bedrooms. A hot tub could be added out in the yard, increasing the attractiveness of the listing and yielding higher daily prices.

Competition / Market:

Other airbnbs are based in Bishop Auckland and the Auckland Project has a hotel.

Reasons for selling:

I am moving house to Norfolk and currently visit the flats twice a year. My career is changing and I can no longer devote the time - minimal as it is at about an hour a week - to run the business.

Trading hours:

The flats are instant book with a turnaround window of 3 hours (12-3pm).

Employees:
1
Years established:
8

Other Information

Support & training:

Happy to introduce buyers to all automations and systems in place and transfer accounts as far as this is possible. The website is also available to own.

Furniture / Fixtures value:
£35,000 - included in the asking price
Inventory / Stock value:
£15,000 - included in the asking price
Home based:
This business can be run from home.