Wellington Road, Bridlington

Property Details: - Type: End of terrace house - Bedrooms: 8 - Bathrooms: 6

Agent: Hunters - Bridlington Phone: 01262 353964

An exceptional opportunity to acquire Wellington House, a beautifully presented Victorian holiday home and an established, highly profitable holiday letting business in the popular coastal town of Bridlington.<br/><br/>Just a short stroll from Bridlington's award-winning sandy beach, this impressive eight-bedroom, six-bathroom property comfortably accommodates up to 15 guests and has been thoughtfully designed to cater for larger groups, making it a popular choice for multi-generational holidays and group celebrations.<br/><br/>We are advised by the vendor that the business has traded continuously for approximately five years and has developed a loyal customer base, achieving Airbnb Superhost status with around 95 guest reviews and an average rating of approximately 4.85 stars at the time of instruction.<br/><br/>Finished to an excellent standard throughout, the property offers spacious and versatile accommodation including a generous kitchen diner and separate lounge, both featuring welcoming wood-burning stoves, alongside a cosy snug with games console. Outside, guests can enjoy a secure enclosed garden complete with a six-seater hot tub, table tennis table and trampoline, while ample off-road parking for four vehicles and full-fibre broadband further enhance its appeal. <br/><br/>During the current ownership, Wellington House has been the subject of significant investment and improvement. The property has undergone extensive refurbishment, including the addition of a kitchen and bathroom extension, replacement of the principal bathroom, comprehensive rewiring and replumbing works, together with the replacement of a number of windows.<br/><br/>In addition to its impressive accommodation, the property benefits from a number of practical features that have supported its successful use as a holiday let, including remotely controlled heating and hot tub systems, allowing efficient management when away from the property. <br/><br/>This is a unique and exciting opportunity, schedule a viewing today!<br/><br/><b>Business Information</b> - According to information supplied by the vendor, the business has generated an approximate gross annual income of between £71,000 and £100,000 over the last four full trading years. The vendor further advises that, after adjusting for one-off capital improvements and financing costs, the business has achieved an average adjusted net profit of approximately £46,500 per annum. These figures have been provided by the vendor and should be independently verified by prospective purchasers as part of their own due diligence.<br/><br/>The business has been established to operate efficiently with remote management. The vendor advises that an experienced team responsible for cleaning, housekeeping, hot tub servicing and garden maintenance is available to transfer with the sale, allowing for a smooth handover. The property also benefits from a Wi-Fi-controlled heating system and a hot tub powered by an air source heat pump, enabling temperatures to be adjusted remotely.<br/><br/>The vendor further advises that all relevant compliance documentation will be included within the sale, including a professionally installed fire alarm system and fire risk assessment, together with current Electrical Installation Condition Report (EICR) and Gas Safety certification.<br/><br/>The vendor has informed us that the business is being offered for sale due to personal health circumstances. We are advised that the business has continued to perform well during this period, supported by the existing management team, and is being brought to market as a genuine lifestyle and investment opportunity rather than due to concerns regarding its trading performance.<br/><br/>There may also be scope for future growth by developing partnerships with local businesses to offer additional guest experiences such as pamper evenings, cream tea packages, personal chef services and celebration house dressing. Further opportunities may exist to increase direct bookings through continued development of the property's website, search engine optimisation and an enhanced social media presence.<br/><br/><b>Hmrc Disclaimer - Bridlington</b> - Should you wish to proceed with an offer on this property we are obliged by HMRC to conduct mandatory Anti Money Laundering Checks. We outsource these checks to our compliance partners at Kotini and they charge a fee for this service.<br/><br/><b>Commercial</b> - Please note that this property is being sold as a commercial business opportunity and not as a residential home. It is currently operated as a holiday let business and is marketed accordingly as a commercial investment.<br/><br/>