The Southgate Bed and Breakfast, located in the village of Hunmanby in North Yorkshire, has been brought to market for an undisclosed sum.
The property is a historic building and was formerly known as ‘The Buck Inn’, which is said to have been a favourite among the locals and tourists. The family-run B&B was renovated in 2011 to become ‘The Southgate’ and was taken over by new owners, Chris and Julie, in 2018.
Since then, the B&B has achieved five-star ratings on TripAdvisor and Booking.com and has been recognised with several awards and accolades including the ‘Tripadvisor Travellers Choice Award’ year-on-year, a ‘Recognition of Excellence Award’ from HotelsCombinedBest, and most recently, the ‘Best Historic Village Pub and Hotel for North Yorkshire’ from LUXlife Resort and Retreat Awards.
The Southgate is close to the seaside towns of Filey, Scarborough, and Bridlington, with Whitby further along the coast. The B&B is also surrounded by some of North Yorkshire’s “most stunning” scenery with walking and cycle routes on the doorstep.
Chris and Julie said: “We’ve really enjoyed investing in and renovating the property to a high standard. Our background before Southgate B&B was not in hospitality, but we’ve always wanted to give it a go.
“We’ve loved our time here and made lots of memories but we feel now is an opportune time to sell and retire early. We look forward to working with Sam at Christie and Co and engaging with prospective purchasers.”
Sam Ashton, senior business agent at Christie and Co, who handled the sale, said: “I’m excited to bring The Southgate B&B to the market. After experiencing a very buoyant period in the market with a strong demand for guesthouses, I’m confident we will achieve a great result with this sale.
“Given the B&B’s central location to Hunmanby village, and proximity to Filey’s coast, there is fantastic trade potential for the new owner, taking advantage of the year-round tourism.”
He added: “There is also significant scope to increase turnover by utilising the café and restaurant licence outside of the current breakfast service. We look forward to hearing from interested parties.”