Norwich Road, Dereham, Norfolk Guest house for sale

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Norwich Road, Dereham, Norfolk Guest house for sale

Norwich Road, Dereham, Norfolk
£410,000

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

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: Yaxham Mill, a stunning former flour mill, is a unique Bed & Breakfast business situated in the heart of Norfolk's countryside. The property consists of a 6-story mill tower, converted into accommodation, and a 6-bedroom B&B across two floors. The mill tower, built in 1860, has been renovated with new windows and re-rendered, offering breathtaking panoramic views. The B&B has been extensively refurbished, with each room featuring modern en-suite bathrooms, flat-screen TVs, comfortable double beds, and beautiful views. Despite being closed for three months during the pandemic, the business generated a turnover of £65,000 in 2021 and £80,000 in 2022. The property is located near the town of Dereham, which hosts events throughout the year, and has potential for additional revenue by renting out the mill tower as a holiday home.
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