York guest houses go up for sale

8:00am Monday 7th May 2012 in News

Blue Bridge Hotel Blue Bridge Hotel

TWO York guest houses have been put up for sale after going into receivership.

The Blue Bridge Hotel in Fishergate and its sister hotel, the St Denys Bed & Breakfast, based off Walmgate, are being marketed by hotels agent Colliers International on the instruction of Baker Tilly Restructuring and Recovery LLP.

The freehold for the 20-bedroom Blue Bridge Hotel, and the adjoining house known as 2 Melbourne Street which has been converted to additional letting suites, is being marketed at an asking price of £900,000.

The St Denys, which has 13 bedrooms and a private car park, is being marketed at £850,000 freehold.

Peter Bean, director at Colliers International, said: “The Blue Bridge is a large and easily run bed and breakfast business located in a high profile trading location on a main approach into the city centre. It also offers highly valuable off-street private parking which is rare in York.”

Comments(16)

smudge1 says...
8:21am Mon 7 May 12

ESTATE AGENTS QUOTE>>>>>>Peter Bean, director at Colliers International, said: “The Blue Bridge is a large and easily run bed and breakfast business located in a high profile trading location on a main approach into the city centre. It also offers highly valuable off-street private parking which is rare in York.” ....My answer is that if it is that good then why has it gone into receivership ???..The building is very run down and scruffy and both properties are bottom on the trip advisor web site and a 20 bedroom guest house is anything but an easily run business.

Report this post »

notmyrealname says...
8:30am Mon 7 May 12

A true bed and breakfast is a house offering simple one night accommodation which the owners run themselves - now almost non existent due to people being put off by ridiculous regulations - the type of properties mentioned are not B and B s and are probably not viable due to the costs, staffing and overheads of such a big property.

Report this post »

sperare e coraggio says...
9:08am Mon 7 May 12

The failure is most likely to do with the financial position of the present owners, ie, how much borrowing are they carrying.

However, traditional guest house owners do complain that their trade is being hit by the increasing number of mid-priced hotel bed spaces in the city.

Report this post »

smudge1 says...
9:15am Mon 7 May 12

sperare e coraggio wrote:
The failure is most likely to do with the financial position of the present owners, ie, how much borrowing are they carrying. However, traditional guest house owners do complain that their trade is being hit by the increasing number of mid-priced hotel bed spaces in the city.
And the council are passing more and more of these planning applications for these mid priced hotels without any consideration to existing businesses

Report this post »

Even AndyD says...
9:25am Mon 7 May 12

People research everything on the internet now before they buy. If there were quality issues, that would see a fall off in trade. Although I agree with the above - owners financial situation will be number one factor in terms of viability. No mortgage versus £600k mortgage (say) is a lot of difference in break even.

Report this post »

smudge1 says...
12:14pm Mon 7 May 12

Even AndyD wrote:
People research everything on the internet now before they buy. If there were quality issues, that would see a fall off in trade. Although I agree with the above - owners financial situation will be number one factor in terms of viability. No mortgage versus £600k mortgage (say) is a lot of difference in break even.
Obviously you know the person well as this is his 8th company to fail in the last few years.It would never have happened when his dad owned the St Denys....All fur coat and no knickers saying comes to mind.

Report this post »

yorkandproud says...
12:56pm Mon 7 May 12

With internet having such sites as Trip Advisor etc, most people are able to get some idea what B & B's, and Hotels are like. The two premises mentioned here, are, according to reviews on Trip Advisor, quite poor in standard. Maybe the owners should have listened to their past customers, and rolled up their sleeves, got the cleaning stuff out, and improved their rating. Too late now though, but someone will come along and show them how it's done, and make a success of the businesses.

Report this post »

york_chap says...
1:06pm Mon 7 May 12

Wonder if you could get planning permission for student housing/ flats... if you could they're a steal!

Report this post »

smudge1 says...
1:28pm Mon 7 May 12

york_chap wrote:
Wonder if you could get planning permission for student housing/ flats... if you could they're a steal!
20 rooms @£80.00 per week for 50 weeks of the year seems a good investment as it should having planning already for multiple occupancy,

Report this post »

magic cat says...
2:35pm Mon 7 May 12

If a developer had the courage to come along and turn these into two bed properties for the over 50's I bet they would sell like hot cakes. Family homes could be released and before anyone says it is difficult to sell homes there is nothing to stop builders becoming landlords.

Report this post »

bloodaxe says...
4:57pm Mon 7 May 12

smudge1 wrote:
sperare e coraggio wrote:
The failure is most likely to do with the financial position of the present owners, ie, how much borrowing are they carrying. However, traditional guest house owners do complain that their trade is being hit by the increasing number of mid-priced hotel bed spaces in the city.
And the council are passing more and more of these planning applications for these mid priced hotels without any consideration to existing businesses
Just as they're likely to permit Monk's Cross to go ahead without considering the impact on existing businesses ?

Report this post »

Even AndyD says...
8:06am Tue 8 May 12

smudge1 wrote:
Even AndyD wrote:
People research everything on the internet now before they buy. If there were quality issues, that would see a fall off in trade. Although I agree with the above - owners financial situation will be number one factor in terms of viability. No mortgage versus £600k mortgage (say) is a lot of difference in break even.
Obviously you know the person well as this is his 8th company to fail in the last few years.It would never have happened when his dad owned the St Denys....All fur coat and no knickers saying comes to mind.
Not at all - just agreeing with Sperare really. Over-leveraging seemed the most likely issue here, but it was only a guess.

Report this post »

Murphy_the_Spangle says...
1:08pm Tue 8 May 12

Is this really news, though? Is York becoming that dull that we have to have estate agents advertising in the main body of The Press?

Report this post »

ouseswimmer says...
8:59pm Tue 8 May 12

Easily run? Not a hope. There are easier ways to make a living than spending nearly £1m on a run down guest house. Any new manager will need to change the name to avoid the bad write ups.

Report this post »

Even AndyD says...
8:51am Wed 9 May 12

True, ouseswimmer, **** hard work when things are going well, never mind when they aren't.

Report this post »

tommyinyork says...
11:48am Thu 17 May 12

The main problem was the lad on reception with glasses and the poor hygiene with a huge personality disorder. Thankfully he has now left.

Report this post »

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree