Business for Sale in Thorpe Market, Norfolk GUEST HOUSE / BOUTIQUE HOTEL - THORPE MARKET, NORTH NORFOLK

Freehold Price £895,000

Key Information

Reference
H35097E
Tenure
Freehold
Status
For Sale
Region
Norfolk
Sector
Guest Houses
Business Rates
The business currently enjoys Small Business Rate Relief and as such no business rates are payable at this time. We understand that the residential part of the property falls under Council Tax Band A. This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.
Accommodation
Yes

Business Information

  • Absolutely Stunning!
  • Excellent Owners Accommodation
  • Finished to the Highest Standard
  • Dating Back to the 16th Century
  • Abundance of Original Features
  • Substantial Property Over 5,000 sqft
  • 5 Star Gold AA Rating
  • 9.8 Rating on Bookings.com
  • Trip Advisor 2020 Travellers Choice Award
  • Viewing Essential to Fully Appreciate

PARTICULARS
Wow! Simply stunning! This is one of those rare properties and opportunities that has so much which can be written about it yet the words never feel like they fully do it justice. Only by viewing this incredible property, steeped in history, can one appreciate all that it has to offer.

The property and business ticks every box that you would be hoping for when looking for this type of offering and once viewed we would be amazed if you did not also fall in love with it, just like we did. If you are in the market to acquire a guest house in Norfolk then we would be surprised if you are able to find a better example currently available. It is also noted that the property could equally appeal to someone looking for a grand residential house for their own private use as the layout lends itself to be used as a family home with minimal alteration.

Set in the North Norfolk village of Thorpe Market, and being only 5 miles from Cromer and the coast, the property is ideally located for visiting guests with the added benefit of the train station at Gunton only 1 mile away with services into Norwich and on-wards to London. The well known Gunton Arms pub and restaurant is a short distance away and fresh produce can be bought locally whilst a larger selection of services can be found at nearby Cromer and North Walsham.

THE BUSINESS ITSELF
As can be seen from the many awards and ratings the business is very highly regarded and it is not difficult to understand why. A 5 star gold AA rating, 9.8 rating on Booking.com and a Trip Advisor 2020 Travellers Choice Award all bear testimony to the excellent quality accommodation and service that is provided.

Whilst a delicious breakfast is provided there is clear scope to offer an evening dinner menu to take full advantage of the beautiful dining room and the demand for this from guests. The property already has the benefit of a premises licence with drinks being served from the residents bar and lounge or taken to be enjoyed in the private landscaped gardens.

In addition there is a ground floor bedroom currently used by a member of the owners family however this would make an ideal accessible guest bedroom thus giving the opportunity to increase the level of turnover further.

Clearly with the demand for stays in Norfolk on the increase now is a perfect time to take advantage of this and we would fully expect to see extremely high occupancy levels for this property as we move forward into 2022.

We would also note that in our opinion, given the quality and size of the guests rooms that are on offer, there is scope to increase the room rates currently being charged to bring them more in line with the rates being advertised by properties of a similar style and standard.

ACCOMMODATION
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The property is Grade II listed and offers many fine original features including a side door which is believed to date back to 1590, an Albion Rose fireplace detailing dated at around 1600 and a priest cupboard which we understand dates back to the time of Cromwell. The sheer amount of history and heritage on display in every room leaves you in wonderment as you walk round and you can not help but to feel spellbound by the property and the tales it could tell.

The property offers over 5,000 sqft of versatile space which could be as suited for a statement family home as it is in its current offering as a guest house. Recently refitted out to the highest of standards with features such as gold leaf to the newly remodelled bar, Versace wallpaper and top quality flooring and carpets throughout, the programme of works carried out by the vendors has been significant and without compromise.

The ground floor provides suburb communal guest areas with the focal point being the main front reception room with a bar to one end and open fireplace to the other. There is a formal dining room, again with a large open fireplace which gives the room a real sense of warmth and intimacy. The contemporary kitchen is fitted out with extensive work surfaces and a 6 ring Rangemaster cooker together with a more than sufficient selection of appliances, equipment and units to serve the needs of the property and those that occupy it.

Further on the ground floor is a good size office to run the business from as well as guest cloakrooms. There is also access to the substantial dry cellar below and a number of useful storage cupboards dotted about. In addition and as mentioned there is a large bedroom currently used by the owner but which would make an ideal accessible guest bedroom should a new owner so wish.

Lastly on the ground floor and of particular note is the main owners accommodation which is, in keeping with the rest of the property and of very good size and once again is finished to an excellent standard. It is often the case with guest houses and B&B’s that the owners accommodation is a disappointment however that is certainly not found to be true here. There is a large open-plan lounge and dining room with semi-vaulted ceilings and a wood burning stove. There are 2 bedrooms with the master being of a very large size and with direct access to the rear garden and to finish there is a stylish private bathroom with separate shower and bath.

On the first floor you will find five guest bedrooms each with their own private en-suite bathroom and all again fitted out and finished to an exceptional standard. These are all double rooms of very good proportions with two being of such a size that most hotels would class them as suites. All are light and airy with views across the countryside and village and with an array of period features as elsewhere in the house.

Outside the property once again delivers and does not disappoint. The private rear garden has been expertly landscaped to provide intricate formal gardens and various terraces to sit and enjoy the sun. There are well stocked raised flower beds and various fruit trees providing produce for the kitchen as well as giving privacy for guest to be able to relax in peace.

Attached to the property but accessed externally is a good size laundry room which could be more fully utilised to provide cost savings on outsourced laundry services. Guest car parking can be found to the front of the property whilst there is additional owners parking to the side.

We understand that the property is connected to mains electricity, water, and drainage and has LPG central heating.

This is an exceptional property offering a fabulous lifestyle business opportunity or the chance to take it back into full residential use. Either way it must be viewed to fully appreciate the quality, space and history that is on offer. Given that there are few comparable opportunities on the market we expect interest to be very high and would recommend contacting us to arrange a viewing at your earliest convenience.

FURTHER INFORMATION

REFERENCE NUMBER
H35097E.

OPENING HOURS
Given the nature of the business this is not applicable.

TENURE
Freehold.

RATES PAYABLE
The business currently enjoys Small Business Rate Relief and as such no business rates are payable at this time.

We understand that the residential part of the property falls under Council Tax Band A.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC
Whilst an EPC is not required due to the property being listed, one has been carried out and is attached, showing a ‘C’ rating and a score of 73.

PRICE
£895,000.

For the benefit of the goodwill, business fixtures, fittings & equipment and the freehold property. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

VIEWING
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

FINANCE
Finance may be available to suitable purchasers.

BUSINESS TO SELL?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

PREMIER MARKETING
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

UNHAPPY?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

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East Anglia

Your Regional Director Chris Ruggles

EM&F East Anglia

116 - 118 Prince of Wales Road
Norwich
Norfolk
NR1 1NS