Guest House/B&B For Sale - County Durham/Northumberland; established but with potential to expand in Castleside

£320,000

andyandmalc 

Posting for 4+ years

Castleside

£320,000

Ad ID: 35776849

Ended

Description:

**£320,000**

Guest House For Sale - County Durham/Northumberland, established but with potential to expand.

Profitable guest house for sale in Castleside (nr Consett) on the border of Co Durham and Northumberland. Just 20 minutes from the historic cities of Newcastle and Durham, the guesthouse has been rated 4* by Visit England, has a solid 5* rating on TripAdvisor and fluctuates between 9.8 and 9.9 on booking.com.

On the 1st floor the property has four ensuite guest bedrooms (together with family bathroom and 5th single bedroom currently used for storage), with each bedroom accommodating either a king-size bed or zip and link singles/super king beds, together with hanging rails, flat-screen TV and USB charging sockets.

The ground floor incorporates a beautiful guest lounge, dining room with views over open countryside towards the North Pennines AONB, and an outside patio seating area. Also there is a newly fitted modern kitchen with centre island, and owners accommodation comprising ensuite bedroom, office or study and owners lounge with French doors to the garden.

Outside there is a greenhouse, double garage, off-street parking and bicycle storage shed together with a patio, lawned 'cottage garden' area and vegetable plot.

The business has been trading for just over 18 months but has sadly been brought to the market due to a recent health diagnosis.

Turnover in year one was around £30,000 but this was a limited season due to overrunning renovation works; there is scope to develop the business further as the current owners do not currently accept children, and they also both work in other jobs too and operate the business on a part-time basis. Much of the current trade has derived from excellent reviews and word of mouth, cyclists (the renowned C2C route runs just one mile past the property), tourists, relatives visiting families and guests attending weddings at a nearby hotel/conference centre. We have also noticed that this year there has been a good amount of repeat business already and in addition the corporate market is picking up and, again, there is scope to develop this area further.

Included in the asking price are the website, mailing lists, goodwill etc. with fixtures & fittings, furniture and white goods open to negotiation. Website for reference: www.castleneukguesthouse.co.uk