Property agents Colliers International seeks new owners for two unique Cotswold hotels.
Both properties offer potential buyers a solid investment opportunity, and are on the market for a combined sum of just under £1.8m.Located near the centre of the historic town Cirencester, The Old Bungalow guest house is on the market for £775,000. Current owners of the property are couple Garry and Hannah Smith; well known in the local area for having previously owned the Oddfellows pub on Chester Street at the heart of the town. The couple, who have both enjoyed a profitable self-run business, are now looking to continue their success in the local B&B industry.
With its seven en suite bedrooms, the property offers its new investors the option of running a low-key business as Garry and Hannah have, or the opportunity to accept one of many new letting opportunities which are turned down on a regular basis.
Constructed in the 1920s, the bungalow sits on a large plot overlooking a garden with ample parking to the front and to the rear of the property. Many original features – such as its pitch tile-covered roof and wide entrance hall – are still present throughout, complimented by a large breakfast room and conservatory lounge.
Finally, the property also offers its new owners their own separate accommodation – the substantial two-floored outbuilding holds a self-contained apartment which is located to the rear of the property.
The utterly charming Burford House is the second Cotswold property on the market, for a cool £1m. The eight bedroom hotel located at the heart of Burford’s High Street in Oxon is said to date back to the 16th Century, and is one of the most highly regarded small hotels in the area, having received the prestigious AA 5 Star Guest Accommodation Highly Commended award.
Having recently been refurbished, the hotel now enjoys a five-star standard throughout. It has eight bedrooms spread over its ground and upper two floors – all complete with luxurious, over-sized en-suite bathrooms.
The property offers many public areas, including a front sitting room overlooking the High Street, a Garden Room and a second lounge opening onto the rear courtyard, all furnished to a high standard. The Grade II listed building also includes a basement cellar.
Original features are maintained throughout the property – from wooden floors and a large stone surround fireplace to French windows to the rear of the building; the property is full of character.
Director of Hotels Agency at Colliers International’s Bristol office, Peter Brunt, said: “Situated at the heart of one of the Cotswold’s busiest towns, Burford House offers a wonderful opportunity for new investors. Trade in the town is almost completely made up of tourists, and sees visitors looking to enjoy the Tudor houses and ancient markets flocking to the town all year round.
“The Old Bungalow in Cirencester is another property with real marketability. The area is a thriving commercial centre, and as such the hotel is well-placed to achieve a consistently high level of occupancy.
“We have seen many properties in this area enjoy success on the market in recent years – properties that have recently sold nearby include the Highway Hotel and Burford Lodge; both are doing well in the hands of their new owners.
“Both of these properties offer a wonderful opportunity for investors looking to start a business in a beautiful part of the country with an enduring appeal to tourists and locals alike.”
