Edinburgh Guest House Business with 5 Bedrooms, Private Garden Flat, and Parking for Sale
City of Edinburgh, Edinburgh
- Status
FOR SALE
- Date Submitted:
02/05/24
- Advert ID
610769
- Reference
1659 / Rightbiz
- Call Agent:
- Freehold: £775,000
- Turnover: On request
- Net Profit: On request
Business Details
An outstanding Guest House business in Edinburgh (ref 1659)
A very neat and well-presented 5 letting bedroom Guest House. Superb trading location directly opposite Edinburgh Zoo. Well-appointed mid terrace Victorian Villa over 3 floors. Private garden flat owners’ accommodation. Beautifully landscaped south facing rear garden. Private car parking for two cars. Unrestricted car parking to the front and back. Visible roadside trading location. Easy transport access to city centre and airport for guests. Sought after trading location in popular Corstorphine. Guest lounge/breakfast room. Two kitchens (business use & owners private use). Open seasonally to suit our clients needs. Capable of opening all year round.
FREEHOLD Guide price £775,000.
Dalmore Lodge Guest House enjoys a prominent trading location on Downie Terrace, immediately opposite the main entrance to Edinburgh Zoo. Downie Terrace is a continuation of Corstorphine road/A8 one of the main arterial roads leading west out of Edinburgh city centre towards Edinburgh Airport and the motorway network.
The property is located in the sought after Corstorphine area of Edinburgh, in a residential locale, close to Murrayfield Stadium and some of the most exclusive residential streets in Edinburgh.
Edinburgh Zoo is located directly across from the house, first opened in 1913, the Zoo welcomes around 580,000 visitors per year. Edinburgh city centre with its famous Castle, Holyrood Palace, Royal Mile and plentiful restaurants, bars and retail offering can easily be reached by foot, tram, bus or taxi.
The city has a sophisticated local transport network with a bus stop to and from the city centre just outside the front door of the property.
The owners’ accommodation is on the garden level and can be accessed via the entrance hallway on the ground floor as well as a private entrance at the rear.
The business has been in our clients’ hands since 2004. Our clients have run the business for nearly 20 years and have placed Dalmore Lodge on the market in order that they can consider their retirement.
The bed and breakfast is run to suit our clients’ individual requirements. They choose to trade the business for 5 to 6 months of the year during the season and close during the autumn and winter months. Our clients are able to trade the business successfully and very profitably in this manner.
Our clients only offer bed and breakfast but there is obvious scope for an evening meal offering for guests. It is strongly felt that any new owners wishing to trade the business all year round will benefit from an instant uplift in turnover with a corresponding attractive rise in profitability.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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