Large Guest House in Shropshire For Sale Oswestry, Shropshire, United Kingdom Advert ref: GH842K Business description
This large house has five large family sized letting rooms at present, three en-suite on one floor and two on the top floor with a shared bathroom and a kitchen, the kitchen could easily be converted to another letting room. There is owner accommodation on the ground floor and a lounge/dining room that measures 40ft x 18ft (12.2m x 5.5m). This lends itself to be converted into two or more rooms as it has several windows and two double patio doors and could be at least two more letting rooms with a large lounge/diner in the remaining space. It has been divided in the past by the current owners and then returned to one room. They ran the business as a guest house in the past but at present have the rooms let on long term arrangements The house is in a road that is now a cul-de-sac as a new road has been built past it and apart from another house owned by the same person, this is the only house in the road. It stands in a plot that will be at least half an acre and as the owner owns land on all sides of the guest house, it is possible that a larger plot could be negotiated. The house was built in 1938 in the Art Decor style and it has flat roofs and balconies all round. Two alternative sets of plans have been drawn up for changing to a pitched roof which would cost £30,000 and incorporate two more large bedrooms. A base has also been laid for a large conservatory to the side, this has been approved but never completed. This building has great potential to be used as it is, or converted to a larger guest house. We are advised by the owner that an en-suite family room would attract a price of £60.00 a night and the other rooms £45.00 per night, so there is a potential for a turnover of up to £100.000 per year with a gross profit of at least 85%
Years established: Built in 1938
Property: Freehold
Living accomodation
Five family letting rooms, ( could easily be eight, plus two more with the conversion). Very large lounge/diner at present, plus owners
accommodation
Location
In a cul-de-sac with one other house, in the country, on the edge of the town
Expansion potential
Lots of ways to expand the income potential
Support & training
Any required
Reasons for selling
Ill health and impending retirement
Financing available
yes
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| | Financial details Asking price: £649,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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