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Impressive B&b In Minehead For Sale

Minehead, Somerset, UK
Asking Price:
£525,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Well-presented and much improved by the current owners over the last four years, The Tranmere House B&B is now for sale as a "Turn-Key" business ready to take over. Improvements have included a newly installed gas boiler, new hot water tanks, refurbishment of en-suites to bedrooms all in excellent decorative order. Many of the en-suites have been re-furbished and the external front elevations re-decorated. This is a substantial semi-detached B&B with accommodation on 3 floors and the benefit of a ground floor rear extension which provides separate owners accommodation. The main property offers 7 letting bedrooms (one on the ground floor, two of which are family suites), gas fired central heating and double glazing. The property will be offered comprehensively equipped as a going concern and subject to trade inventory excluding those items of a personal nature.

The business
This established B&B has a turnover of £56,000 per annum, details of which can be made available once a viewing has taken place with the vendors’ authorisation.
The current very reasonable tariff could be increased from between £76 to £86 per room per night for bed & breakfast so there is huge scope to increase turnover.

Agents note
Planning permission was applied for to convert the garage into a one bedroom holiday annexe now lapsed but easy to re-apply.

Property Information

Property:

Freehold

Location:

The property is located in Tregonwell Road, which connects to the main avenue in Minehead town centre and is within level walking distance of the seafront and all town centre amenities.
The thriving West Somerset resort of Minehead is often referred to as the 'Gateway to Exmoor National Park' and offers a host of tourist facilities including excellent beaches, parks, harbour and good local shopping.
The town has a population of around 8,000 inhabitants which is boosted with the influx of holidaymakers throughout the year. It is also the centre for Butlin’s Holiday Park.

Energy Performance Rating:
C

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