Harris-Shields Collection says ..

Property Oracle says ..

The Southgate Bed & Breakfast presents a unique investment opportunity. Located in the picturesque village of Hunmanby, North Yorkshire, this established business benefits from a prime position on Bridlington Street. The property itself is described as comprising seven en-suite letting rooms and a two-bedroom owner’s suite, suggesting potential for either personal use, continued operation as a guesthouse, or a blend of both. The presence of an alcohol license and previous planning permission for a tearoom indicates further revenue-generating possibilities. However, the listed plot size of 0.00 sq ft is concerning and requires clarification. More detailed financial data, including income statements, operational costs, and market analysis, are necessary for a comprehensive valuation. Nearby properties in Hunmanby offer a varied range of price points and property types but there are limited comparable properties given the nature of the property. The images reveal that the property is well maintained and the rooms and communal areas offer a clean and modern aesthetic. The location is good, with access to train stations within a relatively short distance, and close to the town of Filey and the North Yorkshire coastline. Overall, further due diligence is required to fully assess the viability and value of this property investment, including a comprehensive survey and review of all relevant financial documents.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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