Price changed to £695,000
December 27, 2024
Listed for £750,000
May 28, 2024
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All fixtures & fittings are included in the sale subject to any of our clients personal belongings.
A large en suite letting room with disabled facilities is located on the ground floor. On the First floor there are six further en suite letting rooms which are light, bright and finished to a high standard. There are four double en suite rooms, one twin en suite room and a large family en suite room. Each room includes complementary toiletries, Freeview TV & inbuilt DVD players, hospitality tray and free Wi-Fi throughout the building.
The first floor includes a spacious outside terrace with deck chair seating area. For storage, there is also a garage unit to the rear and a large wooden shed.
On the ground floor, our clients have invested heavily to create a fantastic vaulted ceiling lounge, modern two bedroom owners accommodation with bathroom and ample living quarters.
The Southgate B&B provides a wonderful opportunity for a couple team, private investor or regional staycation purchaser to acquire a well-established, award winning and profitable guesthouse. With Hunmanby's high tourism footfall and passing trade throughout the year, the business has huge scope to increase turnover and profits. Our clients only trade the business for six months of the year by choice. Further trading growth can be derived through operating during the extra six months in the calendar, as well as utilising the tearoom licence during the day and providing evening meals to guest if desired. Since purchasing in 2018, our clients have invested significantly in the property throughout including the replacement of all windows and doors to UPVC double glazing and complete re-decoration inside and out to maintain a high standard. This property and business can be treated as turnkey, with no initial investment required.
The business does qualify for business rates relief.
HMRC Check
If you have an offer accepted on this property, we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at Guild365. They charge a fee for this service. For further information, please contact our office.