Romans Prestige Property Sales are delighted to present this stunning 9-bedroom Semi Detached Victorian property as a fantastic investment opportunity for a business proprietor of developer. Maintaining many of its period features providing all the grandeur of yesteryear “Sherwood Guest House” is situated in a picturesque corner of West St Leonards overlooking the immaculately maintained greens of The West Marina “Bo Peep” gardens, with sweeping views across the English Channel.
Whilst the location is aesthetically pleasing it is also practical with bus and rail links within the immediate vicinity as well as local amenities, restaurants and The Bo Peep Public House which is well known as one of the best in the area. Burton St Leonards which is enjoying somewhat of a renaissance and the picturesque St leonards gardens are a short and tranquil stroll along the promenade.
The property in itself dates back to the 1890’s and has been used in its current capacity as a guest house for some 30 years. This expansive Victorian Semi comprises in part 9 bedrooms (5 of which are equipped with en suite bathrooms) spread over 3 floors and serviced by a feature period staircase. The charming terraced rear garden and cellar are also noteworthy features and with an active licenced bar and large dining area there is ample space to unwind.
Romans believe that this property represents a prudent investment in many forms, firstly in its current guise as a long-established and well-run guesthouse with an excellent 5* food hygiene rating. The business is currently turning over circa £70,000pa. Should you wish to make your own mark as hotelier there is massive scope for improvement, addressing the room pricing structure and perhaps even the overall style and presentation of the property with its proximity to Burtons St Leonards lending itself to a more boutique style. In recent years the property has been rewired and a new roof was installed whilst the interior and exterior has been lovingly maintained by the current owners meaning you will find it in excellent decorative order.
Conversely and subject to the relevant planning consents this property provides a fantastic opportunity for an experienced developer having the capacity to support 3 x 3-bedroom flats. In this location Romans would expect each individual property to fetch a sale price upwards of £280,000 per unit or a rental value of approx. £950+pcm dependent on the quality of refurbishments, representing an impressive return on investment and yield respectively.
Furthermore, a property of this size, in this location and in this order, is seldom if ever available at this price. Have you been searching for an expansive period home? Have you previously overlooked this property because it is currently used as a guest house? Romans specialise in investment’s and would be happy to assist you with any applications should you wish to explore the possibility of converting to a single dwelling. With the necessary adaptments and improvements we would expect this beautiful Victorian property to fetch in excess of £750,000.
Contact Romans today to arrange a viewing and explore this impressive multi-faceted residence.
Approximate room dimensions available upon request.