Ernest Wilsons & Co Limited says ..

Property Oracle says ..

This property in Matlock Bath, Derbyshire presents a unique opportunity. It is listed as a tea room and seven-bedroom B&B. This combination offers potential for both residential and commercial income streams. The property’s location in Matlock Bath is advantageous, given the area’s popularity as a tourist destination. The proximity to the train station enhances accessibility. Furthermore, several well-regarded schools are located within a reasonable distance.

The provided photographs reveal some areas in a relatively good condition, but a complete picture of the property’s structural integrity and any necessary repairs or renovations is unavailable. There is limited information on outdoor space; however, images suggest a small external area.

The list price of £87,000 for a property of this type with seven bedrooms, and its status as a running tea room, presents a seemingly attractive proposition. However, a comprehensive survey of the property’s condition, including a detailed inspection of the building and a thorough financial analysis of the tea room’s accounts, are necessary to ensure accurate valuation and assessment of overall value for money. A potential buyer should fully investigate the financial records of the tea room business to assess its viability and profitability.

In summary, this property offers an intriguing investment opportunity that requires careful due diligence before purchase. The lack of details surrounding the square footage and comprehensive property condition report makes a full and accurate assessment difficult.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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