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Morton Guest House, 78 Bondgate, Castle Donington, Derbyshire DE74 2NR

Lot no: 44 Sold at Auction for £200,000
 

Guide Price £250,000+ plus fees


Thursday 8th September 2016

11.30am
Key Features
  • Guest house ideally placed on edge of town centre
  • 11 letting rooms
  • Superb opportunity
  • EPC Rating: D
  • EPC Rating: E
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Sold at Auction for £200,000

Guest House

Property Description:

DRAFT DETAILS - AWAITING APPROVAL.

This superb guest house is located on the main through road of the busy and affluent town of Castle Donington. The guest house is ideally placed on the edge of the town centre making this an ideal choice for both holiday makers, day trippers and travelling business people alike. Castle Donington is a busy residential and industrial town in the county of Derbyshire, it is approximately 10 miles from the city of Derby, which has recently seen heavy investment in a new shopping centre. The area has strong road links with the M1 motorway and A50 trunk road plus mainline trains in nearby Derby and Nottingham.

Business History
This fantastic guest house which was established in 1990’s and has been in the careful hands of our clients since 2008. Our clients are reluctantly offering the business to the market due to their desire to relocate. Since our clients took ownership of the business they have invested time and money in the business and premises to the point where it is in full walk in condition. They have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £64,000 which is derived from offering welcoming bed & breakfast facilities to all who wish to visit with 11 well decorated letting rooms. The business has coped really well through tough times and our clients feel it benefits massively from a wide variety of business streams. East Midlands Airport is just three miles away and Donington Race Track a mere 1.7 miles. Willow Business Park, the three local wedding venues, Rolls Royce Derby and the local Universities and Veterinary colleges all continue to offer business potential to the Guest House. The guest house is extremely popular due to its’ location in the business district. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended.

Financial Profile
Turnover: £64,000pa
Stock approximately: £400

Opening Hours
Trades all year round

The accommodation, which is well presented and over three storeys, briefly comprises:

GROUND FLOOR:

Secure entrance leading to:

Entrance Hall
Breakfast Room

With tables and chairs for up to 12 covers and feature fireplace.

Room 11 – Family Bedroom

With double bed, bunk bed and en-suite walk-in shower, WC and wash hand basin (equipped with hand rails etc for disabled use).

Fully Fitted Kitchen

With a range of fitted units, five burner gas hob, electric oven and two refrigerators.

Owners’ Lounge/Office Area
Owners’ Double Bedroom

With en-suite shower, WC and wash hand basin.

FIRST FLOOR:
Bathroom

With bath, shower, WC, wash hand basin and bidet.

Further Shower Room and WC.
Room 1 – Double Bedroom

With fold out table and en-suite shower room, WC and wash hand basin.

Room 2 – Double/Twin Bedroom

With en-suite shower room, WC and wash hand basin.

Room 3 – Double Bedroom (recently refurbished)

With en-suite shower room, WC and wash hand basin.

Room 4 – Twin Bedroom

With shower and wash hand basin.

Room 5 – Double Bedroom

With wash hand basin.

Room 6 – Double/Twin Bedroom

With wash hand basin.

Room 7 – Double/Twin Bedroom

With wash hand basin.

Room 8 – Twin Bedroom

With wash hand basin.

Self-Contained Building (accessed from rear garden)
Room 9 – Double/Twin Bedroom (recently refurbished)

With en-suite shower, WC and wash hand basin.

Room 10 - Single Bedroom (recently refurbished)

With en-suite shower, WC and wash hand basin.

NOTE:

All rooms have Free View flat screen TV's fed by a booster system for excellent quality reception. Also all the rooms have WiFi access.

Outside

Rear car park with spaces for up to 8 vehicles. Shed and greenhouse. Access to owners’ accommodation.

Tenure:

Freehold. Vacant possession upon completion.