AN EXCEPTIONAL GUEST IN ONE OF THE EST TOWNS IN THE UK TO LIVE AND TRADE
Successful and established business in the heart of Regency Cheltenham. 16 stylish and contemporary bedrooms Elegant and spacious drawing room and breakfast room Huge profit potential from almost 500,000 net sales 2,100,000 Freehold AN EXCEPTIONAL GUEST IN ONE OF THE EST TOWNS IN THE UK TO LIVE AND TRADE
Arguably the pick of Cheltenham s privately owned guest houses, eaumont House is a handsome detached property, believed to date back to the middle years of the nineteenth century. It retains the elegant proportions of the period having spacious public rooms with large windows, an impressive entrance hall and staircase. Just as important it comes with a good garden and its own car park. The business is of the most straight forward bed and breakfast style, and caters for visitors to this most charming Regency town throughout the whole year and during the week for commercial trade. It is regularly used by well known visitors to the town including, for example, Sir Alex Ferguson. Very easy to find on the A46 leading into the town only about 3 miles from the M5, eaumont House has a great location an pleasant stroll from the top of Cheltenham s premier shopping street The Promenade where there are many restaurants too. The town is a busy commercial centre and it is also a marvellous base for tourist visitors, who are drawn in their thousands by the combination of Regency architecture, heritage and the proximity to the glorious Cotswolds. The town s highlights of the year include the well-known international Music and Literature Festivals, as well as the most important steeplechase meeting of the year featuring the Cheltenham Gold Cup. There is always something going on drawing visitors from near and far, all year round.
the Property The substantial detached property which is not listed is believed to date back to the mid-19th century has accommodation laid out on lower ground, ground and two upper floors. PULIC AREAS From the car park a flight of steps leads up to the front door which opens into a Lobby. Glazed door to Entrance Hall, an impressive large room with period patterned tile floor and elegant staircase leading to the upper floors. The Drawing Room is a beautiful room with high ceiling, large bay window and impressive fireplace. It connects by way of double wooden doors to the reakfast Room, another light and airy room with period marble fireplace surround and large double aspect windows overlooking the garden. Conservatory sitting room at the rear of the ground floor. OWNERS ACCOMMODATION Our clients have chosen to move out of the hotel and buy a house close by. However, there is scope to return to a previous layout very easily utilising the Conservatory as a sitting room and re-using the staircase down to the lower ground floor where there is ample space to easily convert what is currently a staff suite into a spacious two bedroom owners accommodation without loss of letting bedrooms. LETTING ROOMS 16 letting bedrooms (4 feature rooms or suites, 10 double, and 2 singles with a further suite when rooms 5 and 6 are combined). The rooms are all very well presented and are equipped with Freeview TV, tea and coffee making facilities and hairdryer. Sofa beds enhance the sleeping capacity to 36.
the Property Service Areas Kitchen. Laundry room. Stores. Licence A premises licence is held for the property. Outside eaumont House is fortunate in having both a good sized garden and ample parking. The garden, which is beautifully maintained, is largely laid to lawn surrounded by well stocked borders. Garden store. Local Authority and Services Cheltenham orough Council at: Cheltenham 01242 262626. Mains electricity, gas, water and drainage. Gas fired boilers for heating and hot water. Website www.bhhotel.co.uk 2016 Listings n AA and Enjoy England 5 star Gold Guest Accommodation n Enjoy England reakfast Award n Included in: Good Hotel Guide Alastair Sawday s Guide Michelin recommended hotels All held since 2010.
further nformation Trade In the year ended 31st August 2015 total net revenue was 469,020, an increase on the 2014 year. Our clients enjoy a fantastic lifestyle from the business having it run largely under management and taking lots of holidays away from it. Despite that over 140,000 trading profits were made but there is no doubt that tighter operation, even under management, could see much higher profits. It is not unusual for a business of this style to generate close to 50% profit return on net turnover so around 235,000 profits. The management accounts for the August 2016 year show growth to almost 500,000 net sales, showing the robustness of the business. Price 2,100,000 for the freehold complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation. Mileages and Directions M5 (Junction 11) 3 miles Gloucester 7 miles Stroud 13 miles Cirencester 17 miles Stratford-upon-Avon 28 miles ristol 38 miles irmingham 50 miles London 98 miles From the M5 at junction 11 take the A417 turning off at the first junction towards Cheltenham on the A46. Pass the Endsleigh Insurance office complex and after the next set of traffic lights (near the University of Gloucestershire campus at The Park) eaumont House will be seen on your right. CONTACT Peter runt LL DipLE MRICS Director Hotels 0117 917 2000 peter.brunt@colliers.com MISREPRESENTATION ACT Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property (April 2016). Colliers International is the licensed trading name of Colliers International Property Advisers LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered address is at 50 George Street, London, W1U 7GA.
AN EXCEPTIONAL GUEST IN ONE OF THE EST TOWNS IN THE UK TO LIVE AND TRADE
AN EXCEPTIONAL GUEST IN ONE OF THE EST TOWNS IN THE UK TO LIVE AND TRADE