>
Norwich Road, Dereham, Norfolk Guest house for sale
Norwich Road, Dereham, Norfolk
£395,000
Norwich Road, Dereham, Norfolk
£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
<|start_header_id|>assistant<|end_header_id|>
Here is a summary of the property description in a single paragraph without a list:
Yaxham Mill, a stunning former flour mill, offers a unique opportunity to own a successful Bed & Breakfast business in the heart of Norfolk's countryside. The property consists of a 6-story mill tower, which has been converted into accommodation, and a 6-bedroom B&B across two floors. The mill tower boasts incredible panoramic views from all its windows and has undergone significant renovations, including new windows and re-rendering. The B&B has been extensively refurbished, with each room featuring modern en-suite bathrooms, flat-screen TVs, and comfortable double beds. The property is located in a quiet area with countryside views, yet is only a 5-minute drive from the nearby town of Dereham, which hosts various events throughout the year. Despite being closed for three months during the pandemic, the business generated a turnover of £65,000 in 2021, with potential for significant revenue growth by utilizing the mill tower as additional holiday accommodation.