Wycliffe Guest House, Bouverie Road West, Folkestone

250,000 GBP Offers Over
Wycliffe Guest House Bouverie Road West,
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Overview

  • Updated On:
  • February 23, 2024

Description

Wycliffe is a fantastic opportunity to live and work in a large, grand property in Folkestone

This profitable business is very rare, the long leasehold rent is currently £17,600 – less than the interest you would pay on a mortgage

With 13 letting rooms, the turnover is high and consistent

Two bedroom owner’s accommodation

Great opportunity to open the restaurant in the evenings and generate even more profits

 Location

Situated in a pleasant residential street overlooking ‘Trinity Gardens’ and picturesque ‘Trinity Church’ yet close to town centre and all local amenities including the seafront, ‘Lower Leas Coastal Park’, children’s play area and picturesque harbour. Convenient for Channel Tunnel & Dover ferries.

The ‘Channel Tunnel’ brings Folkestone considerable numbers of tourists, enroute to or from the continent in need of an overnight stay before embarking on the next leg of their journey, as such the local motorway network provides excellent access throughout the UK and Europe alike

On the south-east coast of Kent, an area of ‘Outstanding Natural Beauty’, Folkestone is surrounded by wonders from Canterbury to Camber Sands whilst Sandwich’ed’ between Dymchurch and Deal

Folkestone has seen considerable investment in the last ten years, firmly establishing itself on the tourist map for visitors to Kent, ‘Lonely Planet’ recently named the coastal stretch along the ‘Kent Downs’ from Dover to Folkestone in its ‘Best in Travel 2022’

 Internal Details

Substantial property with 15 letting bedrooms on the 1st, 2nd & 3rd floor

The ground floor has both the private a public lounges, along with the bar and restaurant

The kitchen and owner’s accommodation is found in the basement

Period property that is beautifully presented throughout

Please see the floorplans for further information

 External Details

The front of the property offers parking for up to nine cars

Large private garden to the rear with side access, shed and summer house

 Fixtures & Fittings

All fixtures and fittings not personal to our clients are included in the sale

 Development Opportunity

The third floor could be developed into a flat to be used as a residence or holiday let

Opening the dining room as a restaurant and utilising the licence to sell alcohol could increase the net profits even further

 Financial Information

Turnover is circa £200,000 per annum generating very healthy profits in excess of £80,000 per annum

Full accounts are available upon request

 Tenure

Nationwide Business Sales are proud to offer this incredible opportunity to the market at ‘Offers Over £250,000’ on a leasehold basis

The property is on a long lease until 2037 with a passing rent of £17,600 per annum

 Additional Information

Wycliffe Guest House has a dedicated website, please visit https://wycliffeguesthouse.co.uk/

Address: Wycliffe Guest House Bouverie Road West
Zip: CT20 2RN
Country: United Kingdom
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Property Id : 51012
Price: 250,000 GBP Offers Over
Custom ID: 335612

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