Aquae Sulis Guest House, a substantial bed & breakfast situated in Bath, has been brought to market for £1.750m.
The property has been owned by Samir Thukral and Sanjoy Roy of Bath Hospitality Limited for the past two years.
Aquae Sulis occupies a detached, three-storey Edwardian villa with 14 bedrooms, plus a bar, lounge, and dining room with capacity for up to 30 covers.
The property also includes a two-bedroom owner’s accommodation with its own conservatory, and ample ancillary areas.
Additionally, expansion plans are ready to be submitted to create a further six bedrooms and extend the dining and ancillary areas, which if approved will increase profitability.
The business enjoys a strong reputation as a bed & breakfast, catering mainly for leisure visitors from the UK and overseas, together with mid-week commercial guests, and represents a great opportunity to purchase an established B&B with scope to further develop the business.
Matthew Smith, director at Christie & Co based in the Bristol office, who is handling the sale, comments: “Having sold a number of B&Bs in Bath within the last 12 months, the demand for this type of business is at a high level from a range of buyer categories. We anticipate the business will attract interest from hands-on owners who can further increase the trading performance through not only an increase to the annual net revenue but by also reducing operating costs such as introducing a rate management system and increasing revenue per available room through higher occupancy and average daily rate.”