Offered freehold with a guide price of £699,999.
The Lansdowne is available for sale due to our clients other business interests. As our clients live off site this quality leisure business is management run by a manager and two part time cleaning staff. The tariff for the guest accommodation ranges from £50, £95 and up to £170 for the single, ensuite double and family suite respectively. The two self-contained apartments are let on AST’s generating £750 pcm and £550 pcm for the 2 bedroom and 1 bedroom respectively. The trading profit and loss accounts for year ending 31st March 2023 showed a turnover of approx. £110,000, producing an adjusted net profit in excess of £40,000 before deducting depreciation, loan interest, motor expenses, directors loan and ‘one expenditure’. Obviously, as discussed, more ‘hands on’ proprietors would be able to reduce operating expenses, in particular wages and increase profitability.