Mergers, Acquisitions, Limitless Possibilities.
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Tucked away on a quiet side street just a stone’s throw from the heart of Cockermouth, this beautifully finished Georgian guest house offers a great chance to have a successful boutique B&B business. Mature, the property still has potential to expand. With a stylish interior, a niche guest market, and a great reputation: for over 28 years, this has been a prominent guest house business and is now waiting for the next owner.
The property is made up of two Georgian townhouses, which have been restored to create a three-storey home. All seven letting rooms are en suite, featuring a contemporary homely boutique feel. Each room is individually designed with contemporary amenities and décor to provide a feeling of warmth and tranquility. The deluxe rooms are complemented by stunning bathrooms, perfect for guests seeking added comfort and class.
The breakfast room can comfortably host 14 and serves as an extension of the ground floor layout. Additional features include a useful boot room and secure cycle storage, making it a good choice for those visiting the Lakes to explore on foot or by bike.
The current owners enjoy a self-contained flat on the upper story, which has its own entrance via a separate staircase. It includes:
Situated just a 5-minute walk from town, the property is in a great location with easy access to the town’s artisan shops, good restaurants, historic homes of William Wordsworth, and popular attractions. Festivals, food fairs, Woolfest (annual), and other seasonal events are held in Cockermouth, a lively town of culture and activity.
Despite off-seasons, the guest house remains nearly fully booked due to collaborations with local companies, the local dialysis unit, and overseas corporate clients. Special occasions, such as weddings and court dates, also contribute to a steady stream of guests year-round.
Ideal for a young entrepreneur couple or investor, this property offers several sources of income:
This opportunity has potential for turnover and value growth for someone willing to invest in this already appealing asset.
The vendor’s realistic price of £535,000 is a fraction of the post-restoration rebuild value. Due to recent health problems, the owners are contemplating retirement. Just a few years ago, the property was professionally valued at £650,000 by an independent estate agent, highlighting its high standard and prime location.
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