£595,000 11 Bedroom House Ref: 58799_27172918
This a well established guesthouse which has been in our clients ownership since 2008 but has now been placed reluctantly on the market as they wish to raise funds in order to invest in another opportunity. The business is located in the heart of the sought after suburb of Jesmond, opposite the Cricket Ground and between the main shopping area and the Dene. Jesmond is approximately 1 mile due east of Newcastle City Centre and easily reached by car, public transport or on foot. Jesmond is an affluent area and contains a wide range of shops including quality independents as well as the multiples. There are also a number of popular cafes, bars and restaurants in the area. The business benefits from this central location and the guests are a pleasant mix of commercial residents during the week supplemented, by a steady flow of weekend visitors.
The letting rooms are of excellent quality and the majority are en-suite but all have TV's and tea and coffee making facilities. The property is currently configured to provide 3 x twin bedrooms, 3 x doubles, 4 x singles and 1 family room sleeping 4 people. There is no owners accommodation allocated at the moment as our client lives off site but the large utility room doubles up as a bedroom for the night porter.
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