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Virginia Cottage, Kendal Road, Bowness-on-Windermere, LA23 3EJ

£285,000 Guide Price
  • Ref: 15919
  • Availability: For Sale
  • Bedrooms: 11
  • Bathrooms: 11
  • Tenure: Leasehold
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Property Features

  • Established B & B
  • Close to local amenities
  • Town location
  • Heart of the Lake District

Property Summary

Virginia Cottage is a leasehold business held on a secure commercial lease and can operate all year round as a Bed and Breakfast establishment trading in this vibrant lakeside village, one of the main hubs and busiest locations in the Lake District.

Full Details

Virginia Cottage is ideally located for trading in the centre of the highly popular village of Bowness-on-Windermere. It is easily accessible by rail or road, with trains to Windermere station and the main A591 linking Windermere to the M6 Motorway. Located in a prominent position just off the centre, the cottage is a few yards walk from shops, restaurants, St Martin's church and the steamer piers and boat landings at Bowness Bay.

Virginia Cottage is a leasehold business held on a secure commercial lease and can operate all year round as a Bed and Breakfast establishment trading in this vibrant lakeside village, one of the main hubs and busiest locations in the Lake District. The property has been established for over forty years as a private Guest House, and the present owners have certainly put their own stamp on the establishment, including updating the guest rooms with new en-suite facilities and improving the presentation of the bedrooms. The business has 11 en-suite bedrooms, including 4 double rooms, 3 four poster rooms, 2 deluxe rooms and 1 suite with private sitting room. Comfortable guest rooms are well equipped, fitted en-suite with showers or spa baths, flat screen TV's, tea and coffee making facilities and fridges. The distinct advantage over similar sized businesses is the adjacent two bedroom cottage which provides excellent owners accommodation away from the business which can be leased in addition to the guest house. The sale of Virginia Cottage offers an excellent opportunity to operate a guest house business with high turnover and excellent net profits in one of the most sought after regions in the North of England.

Accommodation

Ground Floor The property presents an attractive frontage to Kendal Road with a traditional build, sash windows and slated roof. There is a central entrance door leading into a small reception area which is wood panelled and has been recently re-varnished.

Guest Lounge 9'02 x 13'03 (2.8m x 4.03m) This is a comfortable wood panelled sitting area with leather sofas and chairs just off the entrance hall.

Breakfast Room 26'9 x 17'1 (8.15m x 5.21m) A spacious room for guests to enjoy their breakfast with two good size sash windows to the front of the property flooding the room with light.

Adjacent to the Dining Room -:

Kitchen 11'7 x 11'6 (3.54m x 3.51m) This is an excellent commercial kitchen, fitted in recent years with a full range of commercial appliances including a large stainless steel range cooker and grill with an extremely efficient extractor hood. There is also a freestanding stainless steel serving/plate-warming service counter.

Office 8'85 x 9'71 (2.7m x 2.96m) From the kitchen there is a door into an office which is currently used purely for the business. Within this ample sized office there are phone points and internet connection.

Utility Room Adjacent to the kitchen is a separate utility area housing a double sink, a commercial two minute dishwasher, washing machine and commercial tumble dryer with an external door out in to the yard.

Guest Letting Bedrooms Spread across three levels, each of the 11 bedrooms feature en-suite bathrooms, most of which have been recently renewed to a high standard. The letting rooms are beautifully and individually presented with attractive detailing enhanced with soft furnishings. There are a variety of room options available for guests to choose from when making a reservation including standard double rooms, four poster beds and suites. Further information and details about the rooms can be obtained from the business website www.virginia-cottage.co.uk.

The Business The Guest House is run for approximately 10 months of the year at present and generates a high annual turnover and is showing excellent profits. The last 3 years accounts are available to committed buyers. There is further scope to increase revenue from opening for the full 12 months of the year. Also there is the option to offer evening meals and opening to the public for lunches and afternoon teas. The possibility of obtaining an alcohol license and opening a bar area is another further potential.

The Cottage The adjacent cottage which is approached across the rear courtyard. This provides very comfortable separate owners accommodation set out on two floors and provides a utility area, a well fitted dining/kitchen area, a spacious living room and two large double bedrooms and a bathroom. Outside at the front of the cottage there is a pleasant paved sitting our area, great to relax and take in the atmosphere of central Bowness.

Outside There is a yard at the rear of the property, giving access to the side of the property and two stone built sheds with doors, ideal for storing.

Services All mains services connect. There is a gas fired central heating with separate systems for guest house and cottage.

Tenure The business is held on a secure commercial lease 21 Year lease started in 2013 at a rent of £21,432 per annum on full repairing and insuring terms. The cottage is held on an assured shorthold tenancy at £6,360 per annum.

Business Rates Business rates payable £7,500 per year (Rateable Value-£15,000)

Directions Travelling into Bowness from Windermere continue down Crag Brow and take the first exit across the mini roundabout, then take the next left into Kendal Road. Virginia Cottage is approximately 75 yards on the left.