An award-winning four-star guesthouse in Tynemouth has gone up for sale with the freehold available with an asking price of £560k.
Martineau guesthouse on Front Street, Tynemouth is currently owned by Sally Craigen, who had a career as a teacher and school headmistress before purchasing the property in her retirement.
During her ownership, the guesthouse has received many awards including a Silver Award from VisitEngland, Gold Award in the North East Tourism Awards 2015, Certificate of Excellence from TripAdvisor in 2015 and has featured in the Michelin Guide for five years in a row.
The business has four suites as well as a guest dining room and owner’s accommodation which includes a large double bedroom, lounge and private bathroom.
David Cash, business agent at Christie & Co who is handling the sale comments: “Martineau Guest House occupies an enviable position on Front Street and benefits from spectacular views. It is surrounded by restaurants, cafes and bars and also has immediate access to Tynemouth Priory and Castle making it ideal for tourists visiting the region.
“It is an excellent opportunity for a lifestyle purchaser or an established B&B operator to take over an established and consistently profitable business. Freehold property in this affluent area is extremely sought after and we anticipate interest from locals as well as buyers from further afield perhaps looking to relocate.”