2 Cambridge Villas
2 Cambridge Villas, Ambleside, Cumbria, LA22 9DL
Property Type: Hotel/Guesthouse
Size: 485 sqft
Location 2 Cambridge Villas is situated in the very heart of the Ambleside with all shops and amenities close at hand, and the local park and putting green just 100 yards away. Church Street is approached off Lake Road by turning right at The Royal Oak. The property is situated on the left hand side at the bottom of the road close to the very heart of this lovely market town.
Description For those looking for an escape from the daily stress of modern life, running a guesthouse in the heart of The English Lake District must be one of the great daydreams for many a hard working commuter. So what is holding them back? Well quite often it is simply that the initial outlay to get into the business can be prohibitive. However, 2 Cambridge Villas may just be the answer to those dreams.
This immaculate and attractive stone built terraced property is held on a 12 year lease from The Kelsick Trust from 12th May 2015 at an annual rent of just £10,000 (you could barely rent a simple two or three bedroomed cottage for less locally) and the current owners have enjoyed an excellent return for their efforts in creating a simply splendid guesthouse here in the heart of the National Park. A new 12 year lease is currently being negotiated.
The Kelsick Trust was founded nearly 300 years ago essentially to provide education for the young of the town back then, and the revenue raised today from their local investments is still given back to the community in the form of educational grants. As a consequence, this charitable trust is regarded as one of the best landlords locally for their long term vision and standing in the community.
Currently trading well below the VAT level as the current owners operate only for a few months each year as their lifestyle choice, there is plenty of scope to take the already impressive income up to the next level if desired. The current owners already enjoy a healthy and steady annual turnover which in the year ending March 2022 was close on £60,000 (plus just over £10,000 of coronavirus grant aid) based on just 8 months trading, £34,000 in 2021 (plus over £15,000 of coronavirus grant aid) based on just 4 months trading. The current owners have also chosen to only let 4 of the letting bedrooms, for some it is really all about the lifestyle whilst earning a tidy supplemental income! Trading Accounts are available to genuinely interested parties.
The guesthouse already benefits from a great deal of repeat business with many guests returning year after year. This is not difficult to understand as anyone who views will quickly appreciate. Immaculately and stylishly presented, the three storey accommodation is just the right size to be comfortably run by a couple and includes a porch, entrance hall, guests dining/breakfast room, family style kitchen/owners living room, conservatory and laundry/drying room on the ground floor with two en-suite letting bedrooms on the first floor (one double and one family room) along with the owners bedroom suite. There is a further family room and two more double bedrooms on the top floor, a large lockable store perfect for guests bikes etc in the rear yard and the current owners rent four allocated car parking spaces locally for their guests to supplement the two spaces which they and their predecessors have enjoyed at the rear of the property (see below). The premises are offered fully furnished in the public areas.
Ambleside enjoys an all year round tourist trade, and is a bustling little market town at the very heart of the Lake District National Park, which was afforded World Heritage Site status in 2017 which will inevitably attract yet more visitors from around the globe in the coming years. Despite its prominent setting, 2 Cambridge Villas remains a lovely peaceful spot in which to reside with beautiful fells and lakes all around you and a real community to settle into. The perfect combination. Why not come and see for yourself?
Freehold Price: £285,000
For more information please contact the agent:
Hackney & Leigh (Ambleside)
Hackney & Leigh (Ambleside)
Tel: 015395 32800