Prospect House | Oxford Road | Banbury | Oxfordshire | OX16 9AN

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Oxford Road Banbury | Oxfordshire | OX16 9AN

OXFORD ROAD Standing on a large plot situated close to the town centre stands this well established and very successful guest house which has excellent potential for further development. The current business established over nearly thirteen years has an excellent reputation, requires no advertising to stay busy and has potential to expand. The current eleven en suite bedroom guest house also has potential to add detached single storey properties in its grounds. There is also an opportunity available to alter the style of the guest house into a boutique hotel or to convert into flats.

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Situated close to the town centre stands this very successfully managed guest house with eleven en suite letting bedrooms, sold with excellent potential to either alter the style of the guest house into a boutique hotel or to further develop it by creating additional accommodation on the land to the rear.

The main house comprises professionally equipped kitchen, guest dining room, private sitting room, office, utility room and eleven en suite bedrooms, two having access into conservatory areas, both with lovely views over the rear garden.

It is currently run as a lifestyle business and choosing to have no assistance from internet booking sites to stay busy, the current owners have built up an excellent local reputation and have regular repeat business.

Currently awarded a five star hygiene rating along with a Kellogg’s Breakfast award and a Silver Award from the quality in Tourism Assessment of 10th September 2015, the business has a liquor licence renewed annually.

However, the business itself could be expanded in a number of ways including the serving of evening meals, implementing bar facilities, advertisements on internet booking sites and with the large gardens to the rear, family functions such as birthdays and weddings.

Some further upgrading and advertising of the business may enable the property to achieve a four star rating of boutique classification.

Plans have been drawn up to build integrated private quarters within the garden which would release another bedroom for letting plus by converting the lounge, it would be likely to generate a further ÂŁ40,000 per year. There is also potential to erect two or more log cabins in the garden to increase turnover even further.

Other development opportunities include converting the building into six or seven serviced apartments, each with en-suite bedroom plus living and kitchen areas. Tariffs could be from ÂŁ350 or more per week.

There is also potential for land development to the rear of the property and plans are available to view by appointment.

Seller Insight A delightful bed and breakfast nestled in the charming market town of Banbury. Having ran the business for nearly 13 years, the current owners are sadly retiring, leaving this profitable opportunity to new hands.

The owners were first attracted to the property for its convenient location, “having both had professional working lives we wanted to run a business together. We really liked the frontage and location and then when we stepped inside and viewed the garden, we were both smitten. We already knew Banbury really well having lived in a nearby village for twenty years.

We were attracted by the opportunities to promote tourism with all of the amazing places to visit and things to do in the locality.”

The garden, being the owners favourite feature, is a haven away from the hustle and bustle of every day life. ‘The garden is the best feature because it is a sanctuary of birds, flowers and fresh air, yet it’s only ten minutes from a busy town,” comments the owner.

A well established B&B, the owners have lovingly decorated and put every thought into the property’s appearance. Bursting with character, the owners comment, “it’s a combination of subtle things that make the whole package.

The entrance door is unusual and very attractive, then the hallway has a lovely wrought iron stairway. The dining room opens into a good sized bright kitchen open for the guests to see. Walking on round, the lounge has an welcoming open fire and then through patio doors there’s glimpse of the large garden which is beautiful from early Spring through to Autumn. The overall ambience is very homely.”

Having received fabulous reviews on Trip Advisor, it’s clear to see the owner’s efforts have well and truly paid off. Prospect house accommodates a diverse crowd, “our custom Monday to Friday is generally from Banbury business links. So we get electricians, shop-fitters, construction workers, factory related businessmen from abroad, local business employees coming for meetings, rail workers, hospital staff and visitors. At weekends, we tend to get families for parties, weddings, funerals, tourists wanting to explore, walkers, and cyclists to name a few. With not one single instant internet booking we have built up a strong, successful business based on caring, cleanliness, great breakfasts and attention to detail in everything we do.”

BANBURY Lying on the banks of the River Cherwell, Banbury is a market town and civil parish in North Oxfordshire. Ideally situated, it is 64 miles (103 km) North West of London, 38 miles (61 km) South East of Birmingham, and 21 miles (34 km) from the county town of Oxford.

Banbury is a significant commercial, industrial and retail centre for the surrounding area, which is predominantly rural. The town is famed for Banbury cakes, and the nursery rhyme “Ride a cock-horse to Banbury Cross.� Since the year 2000 Banbury has hosted a unique gathering of traditional mock animals, from around the UK, at the annual Banbury Hobby Horse Festival.The Banbury Cross and Oxford Canal are notable local attractions.

Transport links from Banbury allow excellent access to the entire country.With Banbury Station providing trains to London Marylebone and Birmingham Snows Hill and Moor Street Stations.The M40 passes Banbury at Junction 11, and links the town to the M42, M1, M6 and M25.

OXFORDSHIRE Oxfordshire is a county in South East England bordering on Warwickshire, Northamptonshire, Buckinghamshire, Berkshire,Wiltshire and Gloucestershire.

The county has major education and tourist industries and is noted for the concentration of performance motorsport companies and facilities.The University of Oxford is a world famous educational institution and one of the top two Universities in the United Kingdom.

The main centre of population is the city of Oxford. Other significant settlements are Banbury, Bicester, Kidlington and Chipping Norton to the north of Oxford; Carterton and Witney to the west;Thame and Chinnor to the east; and Abingdon,Wantage, Didcot, Wallingford and Henley-onThames to the south.

Places of Interest include the Ashmolean Museum, Cotswold Wildlife Park, Blenhiem Palace, Dorchester Abbey and Hook Norton Brewery. Bicester is famed for its luxurious Outlet Shopping Village and Henley on Thames for the prestigious Oxford/Cambridge Boat Race, while Chipping Norton is one of the largest of the picturesque Cotswold towns.

Private Lounge 3.20 x 3.00 10'7" x 9'11"

Bedroom 10 3.20 x 2.20 10'7" x 7'3"

Bedroom 11 3.80 x 2.86 12'5" x 9'4"

Store Room

Private Bathroom

Local Authority Cherwell District Council.

Utility

Website For more information visit www.fineandcountry.com/uk/banbury Opening Hours Monday to Friday Saturday

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WC

Boilers

Kitchen 3.30 x 2.70 10'11" x 8'11"

Office 2.60 x 1.80 8'7" x 5'11"

WC Dining Room 2.50 x 2.50 8'3" x 8'3"

Dining Room 3.80 x 2.50 12'6" x 8'3"

First Floor

Bedroom 8 3.84 x 2.80 12'7" x 9'2"

Bathroom

Bedroom 6 3.00 x 2.40 9'11" x 7'11"

Linen

Bedroom 4 3.40 x 2.30 11'3" x 7'7"

Bedroom 5 2.50 x 1.80 8'3" x 4'11"

WC

9.00 am - 5.30 pm 9.00 am - 4.30 pm

Private Lounge 3.20 x 3.00 10'7" x 9'11"

Bedroom 7 3.10 x 3.00 10'3" x 9'11"

WC

Bedroom 9 3.39 x 2.80 11'1" x 9'2"

Bedroom 1 3.50 x 3.00 11'6" x 9'11"

Ground Floor

Fine & Country Banbury Registered in England and Wales.

Company Reg No. 04018410 VAT Reg No: 754062833 Registered Office: Newman Property Services, 1 Regent Street, Rugby, Warwickshire, CV21 2PE

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Approximate Gross Internal Area Main Building: 293.00 sq mguidance / 3154 sq ft Agents notes: All measurements are approximate and quoted in metric with imperial equivalents and for general only and whilst every attempt has been made to ensure accuracy, they must Total: not be relied on.

The fixtures, fittings 293.00 sq m / 3154and sq ft appliances referred to have not been tested and therefore no guarantee can be given that they are in working order.

Illustration For Identification Purposes Only, Internal photographs are reproduced for general information and it must not be inferred that any item shown is included Measurements Are Approximate Only, with the property. For a free valuation, contact the numbers listed on the brochure. Printed

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Bedroom 2 3.10 x 2.80 10'3" x 9'3"

Bedroom 2 3.10 x 2.80 10'3" x 9'3"

First Floor Approximate Gross Internal Area Main Building: 293.00 sq m / 3154 sq ft Total: 293.00 sq m / 3154 sq ft Illustration For Identification Purposes Only, Measurements Are Approximate Only,

Private Bedroom 12 4.00 x 2.90 13'2" x 9'7"

Private

Viewing Arrangements Strictly via the vendors sole agents Fine & Country on 01295 239 666

Bedroom 1 3.50 x 3.00 11'6" x 9'11"

Ground Floor

Conservatory 7.80 x 3.60 25'7" x 11'9"

Location Oxford Road is situated within Banbury town centre which is conveniently located for the motorway networks to provide easy access to Oxford, Birmingham and London. Banbury and Bicester train stations also allow an easy commute to London Marylebone in approximately one hour.

Bedroom 9 3.39 x 2.80 11'1" x 9'2"

Bedroom 7 3.10 x 3.00 10'3" x 9'11"

Bedroom 3 2.60 x 2.40 8'7" x 7'11" WC

First Floor

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FINE & COUNTRY Fine & Country is a global network of estate agencies specialising in the marketing, sale and rental of luxury residential property. With offices in the UK, Ireland, The Channel Islands, France, Spain, Hungary, Portugal, Russia, Dubai, Egypt, South Africa, West Africa and Namibia we combine the widespread exposure of the international marketplace with the local expertise and knowledge of carefully selected independent property professionals.

Fine & Country appreciates the most exclusive properties require a more compelling, sophisticated and intelligent presentation - leading to a common, yet uniquely exercised and successful strategy emphasising the lifestyle qualities of the property.

This unique approach to luxury homes marketing delivers high quality, intelligent and creative concepts for property promotion combined with the latest technology and marketing techniques.

We understand moving home is one of the most important decisions you make; your home is both a financial and emotional investment.

With Fine & Country you benefit from the local knowledge, experience, expertise and contacts of a well trained, educated and courteous team of professionals, working to make the sale or purchase of your property as stress free as possible.

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Fine & Country Banbury Tel: +44 (0) 1295 239 666 banbury@fineandcountry.com 1 South Barr Street, Banbury, OX16 9AA