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GUEST HOUSE FOR SALE IN EAST SUSSEX, UK

1.250.000 GBP
East Sussex
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Property Description

Features
•  15th Century Guest House
• 13 individual characterful guest rooms
• Close to Beach
• Beautifully presented throughout
• Wedding and premises licenses
• Choice of potential owners’ accommodation

Description
House built in around 1425 with beamed ceilings, exposed wall timbers and rare back to back inglenook fireplaces. A detached cottage-style building currently houses three of the 13 guest bedrooms.

Internal Details
Reception hall and servery, guest lounge with inglenook fireplace, dining room with inglenook fireplace. Kitchen with a mixture of domestic style fittings and commercial stainless steel units with ample room to service day to day business and functions, boiler room/staff WC, office, laundry room.

Fixtures & Fittings
Fixtures and fittings will be included in the sale (except for some personal items) and our clients will provide an inventory.

Letting Accommodation
There are 13 named guest bedrooms to choose from and five categories of rooms: Suite, Cottage, Character, Classic and Cosy.

External Details
Large, mature, well stocked gardens, gravelled parking and outbuildings offering ample storage.

Owners Accommodation
The current owners  operate the business remotely from their home nearby.

Opportunity
With a strong trading position already in place, the business could expand further by increasing marketing for exclusive use weddings from its current four to eight per annum, as well as larger group bookings, cream teas and restaurant. In the past our clients have offered a more extensive menu and information can be provided as to how that added to the turnover of the business.

Staff
The business is run by two hands-on owners with a small team of part time and casual staff.

Trading Information
Accounts for year ending 31 March 2015 show a turnover net of VAT of £224,623 and an adjusted net profit of around £90,000. Further accounting information will be made available to interested parties following a formal viewing of the business.

Business Rates
The business rateable value is £12,250 with current rates payable of £6,039.25.

Regulatory

The property has a Premises License granted by the relevant Local Authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a Personal License. The business is also licensed for weddings. Prospective purchasers are advised to take appropriate specialist advice.
Asking Price  : £1,250,000 + 2% Buyer fees
State/County:
Zip: new028
Country: United Kingdom
Property Id: 19822
Price: 1.250.000 GBP
Rooms: 13

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