A B&B in Bath has gone on sale for £1.6m, as hospitality expert Simon Wells from Colliers international looks to notch up his fourth sale in the area in less than 18 months.
Wells, who sold the Ayrlington, Kennard and Griffin in 2014, aims to repeat his success with the distinctive Aquae Sulis B&B, a 14-bedroom Edwardian property on Newbridge Road.
The current family owners of the Bath B&B are now looking to retire, after running the property since 1986, meaning the hotel is now available again for the first time in 29 years
Simon Wells said: “Aquae Sulis is furbished in the classical English style, which tourists love, and has plenty of space for guests to relax. There is a garden flat within the B&B for the owner-operators’ use, though the property is currently run by staff. It is a profitable asset so mortgage lending for this acquisition should be straightforward."
Wells is keen to build on last year’s achievements, when in addition to selling the Ayrlington he also sold the Kennard, the Griffin, a pub with 8 bedrooms, and in Bristol, the Victoria Square Hotel, Clifton.
He continued: “With occupancy hitting 98 per cent it is clear visitors are coming to Bath in droves and smart, stylish guest houses are increasingly being seen as great value for money with particular appeal to pension potters looking for the ultimate investment opportunity as well as a change of lifestyle.”