Overview
- Updated On:
- June 10, 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/
