This business is marketed by
CCL Group LTD View more business for sale by this agent
A wonderful opportunity has arisen to purchase a thriving guest house with a great reputation in the heart of Peterhead. Currently trading as a self catering guest house in the form of 8 separate dwellings with 30 multi-occupancy letting rooms between them, this business offers short and long term letting accommodation for the high numbers of professional personnel working in the area.
The business generates an excellent rental return in a locality that has witnessed a constantly high demand for such accommodation. The area benefits from year round trade and boasts potential to expand the business and take advantage of the demand for its services in the area. Prime Location Excellent Condition 8 Guest Houses 30 Letting Bedrooms Sleeps 55 High Profit Margins Outstanding lifestyle opportunity Freehold Offers Over £1,650,000 Circa 30% ROI Property Brown’s Guest House offers a range of multi-occupancy self catering accommodation solutions in the form of a guest house, apartments and a dwellinghouse. All dwellings are fully furnished and equipped, providing amenities for daily use including the conveniences of TV’s, kitchens with catering facilities, laundry facilities and numerous shower rooms with some letting rooms benefiting from en-suites. Rooms consist of a mix of single, multiple occupancy.
BUILDING ONE: 11 and 11A Merchant Street [212.8 sq.m]: Arranged over three floors with basement level, the main building is situated on the corner of Merchant Street and St. Andrews Street and offers 7 letting rooms, 2 bathrooms and kitchen. A self contained two storey annexation at the rear comprising 3 en-suite letting rooms and a kitchen forms 11A. 20 St. Andrews Street [28.8 sq.m]: self contained ground floor studio apartment at the rear of the main building with bedroom, kitchen and shower room. 20A St. Andrews Street [32.6 sq.m]: first floor studio apartment above 20. Accessed at ground floor level via communal stairwell. Offers bedroom, kitchen and shower room. 22A St. Andrews Street [56.6 sq.m]: above 22 on the second floor, forming part of the main building on the first floor. Comprises 3 letting rooms, kitchen and bathroom.
BUILDING TWO: 18 St. Andrew Street [40.3 sq.m]: adjoining 20-22, this ground floor apartment includes 3 letting rooms, kitchen and shower room. 20A St. Andrews Street [58.2]: duplex apartment above no. 18. Accessed at the rear via external stairs. Rear is gained via an alley between 20 and 18 or from the rear of the main building. Comprises 4 letting rooms, kitchen and shower room.
BUILDING THREE: 10 Narrow Lane [132.7 sq.m]: situated at the rear of the main building while fronting Narrow Lane. Offers accommodation over three floors comprising 7 bedrooms, kitchen and 2 bathrooms.
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