Business for Sale in Woodbridge, Suffolk (IP12) GUEST HOUSE/HOTEL – WOODBRIDGE, SUFFOLK (IP12)

Key Information

Reference

H35731E

Tenure

Freehold

Status

For Sale

Region

Suffolk

Sector

Hotels And Motels

Annual Sales

£240,000.00 Exc. VAT

Business Rates

£600.00 per annum in respect of the Business Rates. £1,377.08 per annuam in respect of the Council Tax for the owners property. 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

The single storey separate owners accommodation, built approximately 5 years ago can be found to the rear of the site and is discretely screened from the main building. This is also presented to a very high standard and provides an ideal private setting whilst still benefiting from living on site.

Business Information

• Substantial Freehold Property
• Thriving Business
• Presented to a Very High Standard
• Sought After Suffolk Location
• 14 Letting Rooms
• Separate Owners Accommodation
• Scope to Increase Turnover
• Plenty of Parking
• Licensed Premises with Bar
• Lots of Awards & Accreditations

AGENTS NOTE

This is a business for sale as a going concern, not an empty premises for sale or let.

PARTICULARS

We are delighted to bring to you this exceptional opportunity to acquire this highly successful and long established Guest House, presented to a very high standard and offering the benefit of a separate detached modern owners property, which could also be let out to provide additional income if required.

Situated on the East Coast of Suffolk in the sought-after and affluent town of Woodbridge, it provides an ideal base for visiting the popular destinations of Aldeburgh, Southwold and of course the county town of Ipswich. The area continues to grow significantly bringing with it many visitors and with the imminent construction of the new Sizewell power station, demand for rooms is only expected to increase further.

Given the standard the property is presented in, meaning little, if any, capital outlay is needed once acquired, as well as the flexibility to use the owners accommodation either personally or to provide further turnover, means this is a very interesting proposition with viewing highly recommended if you are a serious proceed-able buyer.

THE BUSINESS ITSELF

The business has operated for many years as a successful Guest House, with the current owners having taken over 10 years ago. In that time they have extensively modernised and refreshed the property and accommodation on offer. It is no surprise that they have won multiple awards and accreditations for their efforts and a new buyer will be able to come in and continue to reap the benefits of this.

Turnover for 2022 was an impressive £240,000 with only 13 letting rooms at the time and having been closed for nearly a month for holiday. Clearly, with the addition of the 14th room turnover will be expected to increase accordingly. In addition there was a further £40,000 of turnover in respect of food and drink sales, however we feel this could be increased should a new owner wish to open up the restaurant and bar to the general public. For this year (2023) the business is already on track to exceed the turnover levels for 2022, which is very encouraging.

The private accommodation could also be let out as a self-contained unit which could attract an average rental income in the region of £200 per night. One may consider that there could also be scope to convert the large double garage to additional accommodation if so required and subject of course to any consents that may be required for this.

PREMISES

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The property is situated just off of the A12 main road that runs through Suffolk providing excellent access and making it easy to find for guests, whilst only being a short distance into the main hub of the town which is set along the banks of the River Deben.

The guest house is situated towards the front of the site with extensive parking along the front and side boundaries, sufficient for the number of rooms but with additional parking available in the lay-by just outside the entrance.

The welcoming reception greats guests and there is a convenient door through to the bar and dining room for those not checking into their rooms. The bar is a real highlight and feature having been smartly designed and fitted out with bar and window seating areas as well as some comfy armchairs to relax in. There is a door to the main hallway as well as a door to the dining room which also has its own doors to the hallway and kitchen. The dining room is again tastefully presented and is currently set for 22 covers. With 3 large windows and newly fitted carpets, this is a very pleasant room to enjoy meals in. Moving through to the kitchen you will find all you need for a operation of this type with a 4-ring gas hob and griddle plate, counter top fryers with extraction over both and the other usual kitchen fittings and equipment one would expect to see. The kitchen and dining room understandably enjoy a 5 star food hygiene rating. In addition, there is a managers office, guest toilet and a further good size rear entrance lobby for those guests that have already checked in.

As can be seen from the floor plan, the property provides 14 letting rooms with 13 of these having an en-suite bathroom, with the last having a private bathroom next door. There are 9 double rooms, 4 twins and a single room with a selection of budget, standard and deluxe options. Of particular note is that one of the twin rooms is also fully accessible with a walk in wet room. The rooms are all very well presented – especially the deluxe rooms. All of the guest rooms with the exception of one, have all recently had new bath/shower rooms installed.

To the rear of the property is a garden for guests to use complete with a covered seating area giving an ideal spot to enjoy the sun or to relax in peace.

We are advised by the vendor that all regulatory matters are up to date including the fire risk assessment and electrical inspection, which together with the standard of property on offer means this is very much a turn-key operation.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The single storey separate owners accommodation, built approximately 5 years ago can be found to the rear of the site and is discretely screened from the main building. This is also presented to a very high standard and provides an ideal private setting whilst still benefiting from living on site.

The covered porch leads into the entrance hall with a quality tiled floor and doors off to the bedroom, bathroom and open-plan lounge and kitchen. The full-width king-size bedroom has a window to the front and patio doors to the rear terrace, as well as large double built-in wardrobes. The stylish bathroom has built-in ‘his and her’ sinks with mirrors above and a good size walk-in shower.

The open-plan living area provides a large lounge area with space for a dining table and patio doors to the rear terrace. Through to the well fitted kitchen with breakfast bar, built-in oven, hob and extractor, stainless-steel sink and drainer, space for a dish-washer and a range of wall and base units. Opening into a utility room with space for a tall fridge/freezer, washing machine and tumble-dryer, as well as a fitted larder unit and the Worcester boiler.

Externally to the rear you will find a decked terrace ideal for sitting in private or to enjoy a BBQ. To the front is a good size patio area, path to the rear and space for parking a private vehicle. In addition there is a large double garage plus an additional covered storage area between the house and garage, which is gated and wide enough to fit a vehicle in.

FURTHER INFORMATION

REFERENCE NUMBER

H35731E.

OPENING HOURS

Not Applicable - Usual Guest House operating hours.

TENURE

Freehold.

RATES PAYABLE

£600.00 per annum in respect of the Business Rates.

£1,377.08 per annuam in respect of the Council Tax for the owners property.

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

The Energy Performance Certificates how a rating of D and a score of 65 for the Hotel and the EPC for the Owners Accommodation shows a B rating and a score of 50.

PRICE

£1,250,000.

For the benefit of the goodwill, fixtures, fittings and equipment. 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 us to make an appointment.

FINANCE

We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

BUSINESS TO SELL?

Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

PREMIER MARKETING

We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.

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.