Hotel/guest house for sale in Mill Close, Bishop's Stortford CM22

Discover this exceptional opportunity to own a thriving guest house in the picturesque village of Elsenham, ideally situated just 10 minutes from Stansted Airport. This prime location makes it a favourite choice for travellers, providing a steady stream of business throughout the year.

Property Features:

Well-Appointed Rooms: The property boasts 9 quality furnished rooms, from cosy singles, twins, doubles all the way through to a triple en suite room, each is designed with comfort and relaxation in mind.

Modern Amenities: The guest house is equipped with modern conveniences, including Wi-Fi, en-suite bathrooms, and flat-screen TVs.

Parking: Ample on-site parking for guests, a rare find in the area.

Outdoor Space: A lovely garden area offers guests a peaceful retreat, ideal for relaxing before or after a long flight or day of travel.

Great Reputation: Supported by a 8 rating on along with a 4.4* Google Review.

Potential for Expansion: With a generous plot size, there is significant potential for further development or expansion, subject to planning permission in addition to doing more advertising of the business to further push it to its full potential.

Location Benefits:

Airport Access: Just a short drive to Stansted Airport, making it an ideal stopover for travellers.

Transport Links: Close proximity to Elsenham train station being just 0.6 miles away provides easy access to surrounding areas.

Local Attractions: Nestled in a charming village, guests can explore local attractions such as Hatfield Forest, Mountfitchet Castle, and the beautiful Essex countryside.

This well-established business offers a fantastic investment opportunity, with a proven track record of strong occupancy rates and excellent reviews. Whether you're looking to expand your portfolio or start a new venture in the hospitality industry, this property is a must-see.

For more information or to arrange a viewing, please do not hesitate to contact us. Don’t miss out on this rare opportunity to own a successful guest house in a prime location!

Location

The premises is situated in an enviable position within the village of Elsenham, in very close proximity to Stansted Airport, providing a owner enviable levels of trade from holidaymakers

Leasehold Option

The leasehold option has a premium of £39,950 with a new lease available for a term to be agreed at a commencing rental of £42,000 per annum exclusive

Premises (Ground Floor)

An end of terrace property with a forecourt parking area for 4 vehicles, with single entrance door leading into the property which is arranged as follows:

Entryway & corridor slightly L shaped measuring 22' 5" x 3' 9" = 85 Sq. Ft. & 6'4" x 2' 9" = 18 Sq. Ft. Double bedroom with en suite measuring 10' 11" x 13' 7" = 149 Sq. Ft. This space includes the en suite. Double bedroom with en suite measuring 10' 11" x 13' 7" = 149 Sq. Ft. This space includes the en suite. Kitchen/dining room measuring 10' 9" x 18' 1" = 195 Sq. Ft. Door at the rear of this room leads outside to a decking area & garden. Laundry room 1 measuring 6' 3" x 8' 2" = 51 Sq. Ft. Laundry room 2 12' 5" x 8' 6" = 106 Sq. Ft. Secondary Entryway at the front measures 10' 8 " x 6' 5" = 98 Sq. Ft. WC measuring 2' 6" x 6' 4" = 16 Sq. Ft. Single bedroom 6' x 9' 3" = 52 Sq. Ft. With corner shower. Single bedroom 13' 5" x 6' = 81 Sq. Ft. With corner shower

Premises (First Floor)

There are two staircases, the one from the secondary entryway leads up to a first floor landing which measures approx. 3' 8" x 7' 2" = 27 Sq. Ft. Single bedroom measures 8' 10" x 8 ' 5" = 75 Sq. Ft. Triple room 11' x 12 ' 8" = 141 Sq. Ft. Twin room measuring 11' 11" x 9' 4" = 112 Sq.ft. Shared shower room measuring 5'1" x 6' 11" = 36 Sq. Ft.

The other staircase from the ground floor leads up to the landing which measures 11' 5" x 3' 4" = 38 Sq. Ft. Triple room with en suite measuring 11' x 13' 7" = 150 Sq. Ft. Including the en suite. Triple room with en suite measuring 10' 11" x 13' 7" = 150 Sq. Ft. Including the en suite

Staff

The business is run by the vendor on a full time basis, with the assistance of casual members of staff

Turnover

We are advised turnover will be approximately £140,000 for the next year end accounts and the most recent year accounts reviewed confirm a reconstituted net profit in the region of £74,000 - £79,000 based on the freehold being owned, which means based on a leasehold option deducting the rent, that reconstituted profit would be in the region of £32,000 - £37,000. Full financial information can be disclosed to seriously interested applicants, following a viewing of the property

Business Rates

The premises is subject to a rateable value of £4,600 resulting in zero business rates payable, should small business rate relief apply to a purchaser

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction (if applicable)

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission