Guide Price £750,000

9 bed house for sale in The Southgate Bed & Breakfast, Hunmanby, YO14 (ref: 586526)

Shortlist

Key Features

  • 7 en suite bedroom guesthouse
  • Central to Hunmanby village
  • Substantial 2 bedroom owners accommodation
  • Trading only 6 months PA - £85,000 turnover
  • Alcohol Licence & Tearoom permission granted
  • Multi award winning business Tripadvisor/Booking.com.
  • Excellent First Class Condition
The Southgate Bed and Breakfast Guest House with seven en suite letting rooms, modern two bedroom owner's accommodation, a licence to serve alcohol and permission previously granted for a tearoom, this is a fantastic opportunity within the charming village of Hunmanby in Filey, North Yorkshire.

Formerly known as The Buck Inn public house, it was converted in 2011 to become the Southgate B&B, our clients purchased the property in 2018 and have taken the business from strength to strength. Owner operated and trading to a high level, The Southgate B&B is now multi award winning : • 5 star award on Tripadvisor and have year on year received the Tripadvisor Travellers Choice award • Extremely high score of 9.8 with Booking.com which is one of the highest scores in the country • Recognition of Excellence award from HotelsCombined • LUXLife Resort and Retreat awarded the Best Historic Village Pub & Hotel - North Yorkshire.

The Southgate B&B is ideally situated in the centre of Hunmanby Village on Bridlington Street. Hunmanby was once known as the largest village in the UK, consistently experiencing high tourism to the North Yorkshire coast. Located close to the seaside resort of Filey, with both Scarborough and Bridlington within easy reach and Whitby a little further along the coast. The business location benefits from North Yorkshires most stunning scenery with walking and cycle routes on the doorstep.

The ground floor comprises of a main road entrance into a modern reception area, including a smart and tidy lounge. There is a book and DVD library available for guests entertainment and a well-stocked honesty bar. The reception leads into a modern and bright breakfast /dining area. The premises has previously been granted permission for a tearoom licence and although not currently used by the current owners, there is great potential to operate a tearoom on the premises during the day and a bistro during the evening with covers for up to 16 if desired To the rear of the dining room is an immaculate commercial kitchen with stainless steel kitchen equipment and cooking appliances with ample storage space. Situated off the back of the kitchen is a newly fitted family bathroom / customer toilet. There is also a large en suite letting room situated next to the reception area with easy access from the entrance of the building, which is fitted with disabled facilities. This room appeals to multiple groups including families, older people and people with disabilities.

All fixtures & fittings are included in the sale subject to any of our clients personal belongings.

A large en suite letting room with disabled facilities is located on the ground floor. On the First floor there are six further en suite letting rooms which are light, bright and finished to a high standard. There are four double en suite rooms, one twin en suite room and a large family en suite room. Each room includes complementary toiletries, Freeview TV & inbuilt DVD players, hospitality tray and free Wi-Fi throughout the building.

The first floor includes a spacious outside terrace with deck chair seating area. For storage, there is also a garage unit to the rear and a large wooden shed.

On the ground floor, our clients have invested heavily to create a fantastic vaulted ceiling lounge, modern two bedroom owners accommodation with bathroom and ample living quarters.

The Southgate B&B provides a wonderful opportunity for a couple team, private investor or regional staycation purchaser to acquire a well-established, award winning and profitable guesthouse. With Hunmanby's high tourism footfall and passing trade throughout the year, the business has huge scope to increase turnover and profits. Our clients only trade the business for six months of the year by choice. Further trading growth can be derived through operating during the extra six months in the calendar, as well as utilising the tearoom licence during the day and providing evening meals to guest if desired. Since purchasing in 2018, our clients have invested significantly in the property throughout including the replacement of all windows and doors to UPVC double glazing and complete re-decoration inside and out to maintain a high standard. This property and business can be treated as turnkey, with no initial investment required.

Our clients aim to achieve their target turnover of £85,000 per annum which which has grown year on year since 2018. Accounts can be provided on request.

The business does qualify for business rates relief.

What this property offers

  • Garage
  • Shed / Garden Room
  • scarborough

Stamp duty due

Based on a sale price of £750,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

29 Property Images

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Further Details

  • Status: Available
  • Tenure: Freehold
  • Tags: Garage, Shed / Garden Room, scarborough
  • Reference: 586526

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