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Norwich Road, Dereham, Norfolk 9 bed mill for sale
Norwich Road, Dereham, Norfolk NR19
£395,000
Norwich Road, Dereham, Norfolk NR19
£395,000
Our Summary
- Turnover for 2022 is just over the £80,000 mark, however this is purely for the bed and breakfast and no income has come from the mill tower, meaning a significant uplift in revenue could be generated by the new owner if they choose to make use of this part of the site
- Although various works such as re-rendering and window replacement have taken place on the mill tower, some additional work would be required before the new owner would be in a position to rent it out as an additional holiday home, and this has been reflected in the asking price for the property
- Potential conversion to an amazing and unique family home
Description
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Here is a summary of the property description in a single paragraph:
Yaxham Mill, a stunning former windmill in Norfolk's countryside, offers a unique opportunity to own a successful Bed & Breakfast business. The property features a 6-story tower with breathtaking panoramic views, which could be used as a 3-bedroom home or rental accommodation. The B&B, set across two floors, has been extensively refurbished with 6 modern rooms, each with en-suite bathrooms, flat-screen TVs, and comfortable double beds. The business has generated a turnover of £65,000 in 2021 and £80,000 in 2022, with significant potential for growth. The property is located in a quiet area with countryside views, yet is only a 5-minute drive from the town of Dereham, which hosts various events throughout the year. The asking price reflects the need for some additional work to be done on the mill tower before it can be rented out as an additional holiday home.