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Hotel & Development Opportunity – York, North Yorkshire

Offers Over - 1,450,000 GBP
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Overview

  • Updated On:
  • August 10, 2022

Description

Hotel & Development Opportunity
York, North Yorkshire
Offers over £1,450,000

Summary
Spectacular opportunity to acquire an ‘Award Winning’ Four Star Bed & Breakfast in this fantastic tourist-orientated city. ‘Twelve Double Ensuite Bedrooms’

Incredible Holiday Let

Potential development to flats or two houses

Key Features

– One of York’s Finest B&B’s
– Award Wining
– Established Business
– Twelve en-suite Bedrooms
– Superb Development Opportunity
– Outstanding Holiday Let
– Fantastic Location
– Private Car Parking for 10 cars
– Detached
– Garden

Opportunity
A well-established business, ideally located and ample parking. Consistent repeat business, reviews and awards delivering an above average B&B room rate

An excellent investment, a beautiful building, full of charm and original features in one of York’s most sought-after locations

Fantastic, fully fitted professional kitchen

Beautiful garden and outside seating area

Location
Situated in a prominent position on one of York’s most prestigious roads, Fulford Road, less than one mile from York city center

Fulford Road is one of the main routes into York from the A64, it is close to York University and the McCarther Glen Designer Outlet

York is the second most visited city in England after London, welcoming 8.4 million visitors every year, of which the total value to York’s economy is £765 million.

External Details
Off-street private car parking for up to ten cars

There is a private garden to the side of the property

 

Development Opportunity
The property would be one of York’s finest large single holiday lets, sleeping up to 24 people, such properties achieve well in excess of £1,500 per night

At nearly 500sq/m the property could be spilt into either apartments and two semi detached houses, subject to a successful planning application

Average property prices in ‘Q2, 2022’ in YO10 4 are £4,500 per square metre

 

Tenure
Nationwide Business Sales are pleased to offer this fantastic opportunity to the market on a freehold basis at ‘Offers Over £1,450,000’

Our client is willing to consider offers that are subject to planning permission

 

Financial
Current trading figures show incredible sales of £160,000 per annum, generating very healthy profits.

Full accounts are available to parties able to complete the purchase where required

City:
Area:
State/County:
Country: United Kingdom
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Property Id : 26826
Price: Offers Over - 1,450,000 GBP

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