Couple launch new business after buying £460,000 guest house

ELTON Guest House in Grange-over-Sands, Cumbria has been sold from an asking price of £460,000 by the specialist hotels team at real estate advisers Colliers International.

Acting on behalf of owners and former hoteliers Charles and Joanna Davies, who are retiring having operated the business for 13 years, Colliers sold the Victorian guest house in Windermere Road to Liam and Lyn Fee who are relocating from the Midlands.

Elton Guest House dates from 1840, boasts a four-star rating from Visit England and has seven letting bedrooms and a three-bedroom owners’ apartment.

The sale was secured by Neil Thomson, associate director, hotels agency at the Manchester office of Colliers.

He said: “Colliers has seen a steady increase of buyers such as Liam and Lyn who are relocating from around the UK to realise their dream of running their own business.

“Small hotel and guest houses offer a great opportunity for those wishing to work and live together, often situated in beautiful locations such as Cumbria and the Lake District National Park.

“Since the end of the recession there has been a marked recovery in the economy as well as in lenders’ appetite for “new to trade” operators such as Liam and Lyn – which is good news to those looking to buy a B&B, guest house or small hotel.”