£1,500,000
Church Green, Witney, OX28
- 12 beds
£1,500,000
- 12 beds
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A beautiful Grade II Listed period house with Georgian facade located in the very heart of the town in this enviable setting fronting Church Green.
The house has a history dating back to the 17th century, but more recent records refer to the year 1822 when the house was altered to reflect the Georgian style. At the present time, the building runs effortlessly on a mixed use basis, with substantial owners accommodation to the rear, and a blend of B&B, hotel and longer term tenants under secure Assured Shorthold Tenancy (AST) agreements. These bedrooms are kept to a very high standard and most are equipped with en-suite bathrooms and kitchenette areas so are completely self-contained. Those without kitchenette areas have access to a well-equipped shared kitchen. A business with a great local reputation built over many years, with spacious and tranquil living accommodation to the rear.
Four bedrooms are let out on a night by night basis, where occupancy levels are controlled to enable the owners to manage the business with little or no external staff. Demand constantly exceeds ongoing availability. Four bedrooms are occupied under AST agreements and the final four bedrooms sit to the rear within the totally self-contained owners accommodation section.
The living quarters offer a high degree of seclusion and privacy, are completed with a well-equipped cottage kitchen, a cosy living room and a picturesque garden with garden building / bar.
The guest rooms offer great flexibility ranging from a lavish super king bedroom to a small cabin room, perfect for those who want to enjoy an evening of luxury. All the hotel guest rooms are completed by an en-suite bathroom and finished to a high standard.
Outside, the property has a low-maintenance patio area for guests to use. There is a separate garden area for the owners of the property. The main garden is mostly laid to lawn and offers a great deal of privacy. There is a garden building which has bi-folding doors, perfect for a summers evening, perfect for a garden bar, a home office or a gym.
Sold with the option of full vacant possession on completion or as a going concern, with some outline financials listed below.
4 x Rooms used as part of the Witney Hotel ranging from £50 per night to £115 per night.
4 x Rooms tenanted under AST agreements with an annual income of circa £41,000 per annum.
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