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DELIGHTFULLY REFURBISHED 10 BEDROOM HOLIDAY LET/B&B WITH A FURTHER 2 BEDROOM APARTMENT EXCELLENTLY LOCATED WITHIN A 5 MINUTE WALK OF BOTH BOURNEMOUTH TOWN CENTRE AND THE EVER POPULAR DORSET BEACH

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  • Superb central location in the seaside resort of Bournemouth and only a short walk to the beachfront and town centre.
  • Inviting Entrance and Lobby.
  • 10 Lovely Bedrooms set on Four Floors, all refurbished to a very high standard and all very individual, able to accommodate 25 guests.
  • Superb 2 Bedroom Apartment.
  • Easy to run business.
  • Ground Floor Fully Fitted Kitchen/Diner.
  • Current owner running the business as a ‘Whole House’/Holiday Let Rental at a rate of approx. £1,000 per night.
  • Expected turnover for the current year of £250,000.
WONDERFULLY PRESENTED AND POSITIONED FREEHOLD BUSINESS


ASKING PRICE £895,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS & GOODWILL, EXCLUDING S.A.V.

Location

This substantial and recently refurbished Freehold 10 Bedroom Holiday Let & B&B along with a further 2 Bedroom Apartment is excellently located on St Michaels Rd, in the heart of Bournemouth and only a 5 minute walk to both the town centre and the beachfront.

Bournemouth is a seaside resort on the southern coast of England and is renowned for its 7 miles of beaches, Victorian architecture and buzzing nightlife. The resort is also home to Bournemouth Pier, an activity centre with an obstacle course, a climbing wall and zip line, Bournemouth International Centre and its 2 mile long Bournemouth Gardens.

This seaside resort is one of the most popular English seaside resorts in the country for all age groups.

THE PROPERTY

Occupying a prominent seaside town location this fantastic and spacious business is an attractive and impressive property. A substantial 5-storey brick built structure under a pitched, slate roof.

The Main Entrance leads into an inviting Lobby.

Ground Floor:

The Fully Fitted Kitchen/Diner/Breakfast Room is located on the Ground Floor and is a lovely room offering a feature fireplace and new furnishings.

Large Double Bedroom.

Further Double Bedroom with W.C and doors to the Patio Terrace Area.

First Floor:

Large Double En-Suite Bedroom

Large Double En-Suite Bedroom

Large Double En-Suite with Four Poster Bed

Second Floor:

Large Family Room En-Suite

Large Double En-Suite Bedroom

Twin Room with Shower Room and W.C

Third Floor:

Triple En-Suite Bedroom

Twin En-Suite Bedroom

Twin Bedroom

OWNERS ACCOMMODATION

The Lower Ground Floor consists of a Two Double Bedrooms, Bathroom and Large Fully Fitted Kitchen Diner. This area is fully self-contained and has its own entrance along with being fully refurbished. This area is currently being used as Living Accommodation but could be a holiday let if required.

EXTERNAL

At the rear of the property is an enclosed Patio Terrace Area that can offer seating for 25 residents.

To the front is a small garden area.

GENERAL REMARKS

The business is offered for sale freehold (although we have not seen sight of the deeds).

We are advised that the inn benefits from all mains services and uses gas central heating (services not tested). Business rates payable are advised as currently being free of charge.

THE BUSINESS

Our client purchased the business in February 2018 and immediately started a complete refurbishment/renovation of the property. The property is now presented to a very high standard and is offering a different concept to a traditional B&B. Unfortunately, due to family commitments our vendor is having to cut their long term plan short offering a wonderful opportunity for new operators.

The business has traditionally been run as a B&B or for Student Lets, yet our vendor is successfully offering the property as a ‘Whole House’ Let for approx. £1,000 per night with a minimum of 2 nights, not including the Two Bedroom Apartment.

This concept is extremely easy to run and very cost effective offering a less ‘hands on’ approach. Please view www.bohohotel.co.uk for further information.

Our vendor is expecting to turnover in the region of £250,000 (inc vat) in the next 12 months and this is likely to grow year on year as it gets established.

Accounting information will be made available to interested parties after viewing.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds on 01332-865112.

Details prepared June 2019

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