Bath hospitality specialist Simon Wells has brought the landmark Aquae Sulis B&B to market and is looking to notch up his fourth sale in Bath in less than 18 months.
Simon, who sold the Ayrlington, Kennard and Griffin in 2014, aims to repeat his success with the distinctive 14-bedroom Edwardian property on Newbridge Road which is on the market at £1.6m freehold.
The West-based hospitality specialist said: “Aquae Sulis is furbished in the classical English style, which tourists love, and has plenty of space for guests to relax.
“There is a garden flat within the B&B for the owner-operators’ use, though the property is currently run by staff.
“It is a profitable asset so mortgage lending for this acquisition should be straightforward.”
“Bath has restrictive parking so free parking at Aquae Sulis is very attractive to guests who are happy to trade parking for the short bus ride into the centre. The bus stop is right outside the front door.”
Simon said Bath’s extraordinary appeal showed little sign of abating.
“Bath is genuinely a global city – the Roman Baths and Georgian buildings make it one of the essential destinations on any tour of the UK.
“It’s not just a summer destination – the city is busy all year round with the local authority working hard to create events to attract visitors with the Christmas Market, the Bath Half Marathon, the literary festival and, of course, Bath Rugby.”
Simon continued: “Our clients bought half the property in 1986 and acquired the other half in 1989.
“They raised their family here but with the arrival of grandchildren it’s time to retire which means this highly profitable business is available for the first time in 29 years.”
Simon is keen to build on last year’s achievements when in addition to selling the Ayrlington he also sold the Kennard just off Great Pulteney Street, the Griffin, a pub with eight letting bedrooms, and in Bristol, the Victoria Square Hotel, Clifton.
“With occupancy hitting 98 per cent it is clear visitors are coming to Bath in droves and smart, stylish guest houses are increasingly being seen as great value for money with particular appeal to pension potters looking for the ultimate investment opportunity as well as a change of lifestyle.”
