Reference - 47945
Ferriby Guest House is located in Bournemouth, Dorset, close to the rail station and Asda Superstore. The building has 7 bedrooms, owner’s accommodation and one private parking space.
The business currently operates as an HMO and has a turnover of £50,242 and has great potential to be converted back to a Tourist’s Guest House. Previous years have seen a turnover of circa £74,000, but there is significant potential to increase further with online advertisement.
The accommodation comprises of 7 guest rooms with some shared bathroom facilities over 3 floors with owner’s accommodation on the ground floor and basement. The premises greatly benefit from a Biomass heating system and solar panels.
The building is an attractive semi-detached two storey painted brick house with basement and extended loft space. At the front is a small garden and private parking space to the right-hand side. At the rear is a back yard which includes a cabin utilised as a utility room, biomass boiler/furnace room, storage shed and a sheltered smoking area.
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The ground floor consists of a main hallway leading to a family bedroom with ensuite shower, a double bedroom with ensuite shower, dinning room, kitchen and bathroom. The utility cabin can also be accessed internally from the rear of the building.
The basement accommodates a studio bedroom/lounge used by the owners.
The first floor comprises of one double/twin bedroom with private w/c, a double and two single bedrooms.
The second floor (Loft extension) comprises of one single bedroom, bathroom and extensive storage space.
Throughout the building there is a CCTV system with 6 cameras.
The residential accommodation consists of a bedroom/lounge in the basement, plus a dining room, kitchen and bathroom on the ground floor.
Current sales average £50,000 per annum (approximately).
2019 - Sales £50,242
2019 – Net Profit £18,056
2019 – Reconstituted Net Profit £35,123
Managed by the owners with one part time Housekeeper.
Available at offers over £400,000, this is an excellent opportunity to acquire a small and profitable Guest House/HMO in Dorset. There is potential to convert the usage back to a tourist guest house with the additional income from providing breakfasts etc. Or continue in its current format. It could also be an attractive investment opportunity for refurbishment and resale as a residential property.
We are advised that the property is freehold.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
The business currently operates 24/7