Summary - 8 8,10,11 Stonebank Terrace, DL14 DL14 8DF
1 bed 1 bath Guest House
Turnkey holiday-let portfolio with loyal clientele and immediate trading potential.
Freehold sale of three well-known holiday cottages and trading business
A rare freehold acquisition of three well-known holiday cottages in a market town near Durham, offered as a trading business and property together. The properties have been recently refurbished with quality fixtures, fittings and equipment, and benefit from an established, loyal weekly tourist clientele attracted by local scenery and walking routes.
This is a clear opportunity for an investor or operator seeking an income-generating holiday-let portfolio. The location delivers strong seasonal demand and the business shows a history of good profits; the sale includes the trading goodwill and fitted equipment, simplifying immediate reopening and trading continuity.
Buyers should note material local factors: the wider area is classified as deprived with above-average crime levels, and parts of the stone terraced cottages show period-related issues. While much has been upgraded, some rooms are small with low ceilings and there is photographic comment of possible damp and areas needing further modernisation or ongoing maintenance.
Overall this is a turnkey, freehold holiday-let business for a purchaser prepared to manage town-centre trading realities and minor ongoing repair items. Early inspection is advised to verify condition, confirm financial performance and assess potential to increase returns.
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