24 Station Street, Walsall, West Midlands, WS2 9JZ

01922 669996
info@ilovehomes.co.uk

Mon - Fri: 9am - 5:30pm
Sat: 9am - 2pm

Stoneway Steps, Bridgnorth
£50,000

Sold STC
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A five bedroomed character Guest House Lease for sale with living accommodation. In the heart of a historical market town very close to the banks of the River Severn and at the centre of a bustling tourist town.

The current owners have run it at their own pace for the past few years due to a change in personal circumstances are now looking to retire.There is great potential to increase the turnover as the Guest House ranks very highly on Trip Advisor and is very popular with returning guests.
The building is of national historical interest and is unique that it forms part of a local attraction. It is fully licenced . It is currently open 52 weeks of the year including Christmas however it does close occasionally so the owners may themselves take a holiday. There is a ten year lease available which would give the new tenants ample time to recoup the initial outlay and make a good living.

The current owners see the Guest House as a lovely lifestyle rather than a job. This is a golden opportunity for a couple or a single person to relocate to a beautiful location and live in a charming property whilst making a comfortable living at a relaxed and easy pace.
It is a ready made business complete with fixtures and fittings including beautiful bedding and soft furnishing and a well equipped kitchen. The new owners could step into the business and start trading from the minute they move in!

Property:
Leasehold for purchase for offers in the region of £50,000

Lease Terms:
A full 10 year lease with a 5 year break clause is available

Leasehold Rent:
around 10k per annum

Living Accommodation:
A large bedsit with an en suite, full use of the dining room and kitchen so can spread around all over the ground floor. Can be locked off during the day and night for exclusive use to the owners.

Location:
Town centre location

Business Operation
Expansion Potential:
Potential to add evening meals and Sunday Lunches, to incorporate them into multi night bookings as extra added value, include a free breakfast with multi night bookings to encourage longer stays. A free evening meal with a 3 night stay or free breakfast, a free night room only with a 3 night booking. Advertise on the booking companies with competitive rates.

Competition / Market:
No real competitors as this business is entirely unique

Reasons for selling:
I am into my 9th year now and feel It has run its course for me. After running the business single handedly for years I met someone and recently got married and purchased a dream home . My husband and I are looking forward to living in a big house down by the river where my little Grand children and elderly sick Mother will be able to come and stay with us. It is not possible at the Guest House as the children are too small to sleep in guest rooms and my Mother is too poorly to manage the steps and stairs. The new house has a ground floor Granny Flat.

Trading hours:
24/7

Employees:
None
Years established:
since 2010
Other Information
Support & training:
Full support and training is available

Financing available:
A home owner might like to re mortgage their own home to enable them to locate to a very desirable and upmarket area. The purchaser then might want to place a tenant in their own home to repay the remortgage and make some profit on the rent each month. If the purchaser is suitable to run the guest house and makes a great success as I have, they will be able to negotiate with the landlord after the 10 years to renew the lease with a view to sell on if so desired, thus recouping their initial outlay. It is a win win situation for all round.



Stoneway Steps
Bridgnorth WV16 4BD
County: Shropshire
Sale Type: Sold STC
Ref #: 00000557
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