Tower House 1066 A four star, freehold, ten bedroom Guest House offering Bed and Breakfast accommodation with additional Owners’ accommodation Ref.AC312 Location East Sussex TN38 0RG Asking Price £ 699,950 Offered for sale Established almost thirty years ago and under the stewardship of the current Owners for the past four, Tower House 1066 has earned an impeccable reputation for its warm inviting atmosphere, high quality, clean, comfortable accommodation and friendly, helpful service. Ideally located in the centre of St Leonards on Sea on the East Sussex coast – very close to all of local attractions, Tower House 1066 offers high quality bed and breakfast accommodation at affordable rates, priced from £75 to £95 per night for a double room. Awarded four stars and with 10 bedrooms in all, excluding the Owners’ accommodation, Tower House 1066 maintains an extensive base of loyal, regular Clientele whilst constantly attracting new Clients. It caters for a broad spectrum of guests – ranging from Business people, relatives of people living in the area, holidaymakers and overseas visitors, many drawn by the high profile this business enjoys on ed accommodation and tourism web-sites. This outlet provides a very high standard of service – tea and coffee making facilities are available in all rooms and colour televisions are standard. Occupancy rates are very high with the Business achieving up to 250 to 300 guest days per month during the high season and up to 120 guest days, off peak. Whilst the Owners of the business have in the past offered full board including an evening meal, more recently they have preferred to offer breakfast only – made from high quality ingredients from good local suppliers, leaving themselves free during the day to enjoy their own leisure time. Meals are served in a very attractive and spacious ground floor dining room and conservatory. Fully licensed for events, Tower House also regularly hosts functions for up to thirty to forty people. This is an easy to run business with low overheads, excellent cash flow and significant growth prospects. Turnover for the most recent financial year for which figures are available was in excess of £100,000 generating approximately £40,000 per year for the Owners of the business. The Asking Price of £699,950 includes the freehold of the property which has been conservatively valued in the region of £695,000.