Status: For Sale
Tenure: Leasehold
Leasehold Rent: £36,000 per annum
Turnover: £273,353
17 Letting Rooms and Large Café/Bistro17 Letting Rooms and Large Café/Bistro17 Letting Rooms and Large Café/Bistro
£249,995 + SAV

17 Letting Rooms and Large Café/Bistro

For Sale
  • Reference: 13806 J
  • Location: Rochester, Kent
Hilton Smythe are delighted to present to the market the successful Magee's B&B and Café business with ground floor cafe to the market.

Established by our client in 2003, the business is only offered to market to allow our client to retire.

Established as a town centre bed and breakfast, our client added a large cafe to the ground floor which was a popular town centre cafe serving breakfasts, coffee, tea and a variety of cold drinks. Fayre includes lunchtime specials, hot and cold sandwiches and much more. Frequented visited by locals, builders and B&B guests.

Due to the success of the letting side of the business our client has stopped trading the café. This large cafe could be re-opened by any new owner and could be upgraded to include an evening bistro or restaurant business.

Specialising in the affordable B&B accommodation the business always enjoyed repeat business from contractors and families visiting the area, as a result the local authorities approached our client to house families and individuals who have found themselves homeless. Therefore, a successful and profitable 'HMO' business is now presented to the market.

The business enjoys a mixture of long term guests to short term guests for a few nights.

years original lease length.
12 years remaining.

Leasehold.

20 years original lease length.
12 years remaining.
£36,000 per annum.

HOURS

Open all year.

STAFF

Owner
Full time maintenance/night porter.
2 x-part time cleaners.

FINANCIAL PROFILE

Magee's B&B and Café generated an advised turnover of circa £273,353 as of the 2017 accounts, with a gross of 98%.

EXTRA NOTES

Cafe on Site
Car parking on site
Repeat loyal trade
Profitable 'HMO' business
Magee's B and B is located on the high street in Rochester, Kent.

Occupying an enviable corner position on the junction of the A2 and high street.

The business offers a private rear carpark as well as meter parking directly in front of the business.

Rochester occupies prime position to the river Medway, busy port and the historic dockyard of Chatham, the Medway maritime hospital is also less than 5 minutes away.

Magee's B&B sits in between Rochester main line station and Chantham station.

The A2 links to the main M2 motorway linking nearby Canterbury to London.
Referring to the buildings plans -

A substantial four storey detached Victorian property connecting three different postal addresses with cafe business to the ground floor, unused retail unit (currently used as a storeroom and staff bedroom), external letting accommodation and guest bedrooms to the 1st and 2nd floors. There is an attractive garden to the rear with guest car park. Current maximum occupancy is 40.

Ground floor -

Cafe
100 cover cafe accessed from the high street covering the ground floor of 208 and 210.

Café equipment:
Selection of solid wood cafe furniture
2 x leather sofas
2 x leather arm chairs
Hi chairs
Service counter with till point
Large menu board
Glass fronted chiller
Glass fronted drinks chiller

Kitchen
Two cooking areas with rear utility area used by guests.

Kitchen equipment:
2 x gas cookers
2 x microwaves
Large extraction unit
Fridge
Freezer

Further rooms include
Staff bedroom
Storeroom (unused front shop area)
Office
Laundry room

First floor -

Bedroom 1: sleeps 2, this has a shared bathroom.
Bedroom 2: sleeps 2.
Bedroom 3: sleeps 4.
Bedroom 7: sleeps 2.
Bedroom 8: sleeps 2.
Bedroom 9: sleeps 3.
Bedroom 10: sleeps 4.
Bedroom 11: sleeps 2, this has a shared bathroom.

Second floor-
Bedroom 4: sleeps 1, this has a shared bathroom.
Bedroom 5: sleeps 2.
Bedroom 6: sleeps 3.
Bedroom: 12: sleeps 2.
Bedroom 14: sleeps 2.
Bedroom 15: sleeps 3.
Bedroom 16: sleeps 3.
Bedroom 17: sleeps 2, this has a shared bathroom.
Bedroom 18: sleeps 2.

Contact us today for more information

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