A Michelin Guide Tynemouth guest house is looking for a new owner
The multi award-winning, four-star Martineau Guest House on Front Street, Tynemouth has been brought to the market by specialist business property adviser, Christie & Co.
Current owner, Sally Craigen had a long career as a teacher and later as a school headmistress before purchasing the guest house in her retirement. Having become a grandmother a couple of years ago, she now wishes to fully retire to spend more time with her family and pursue her love of travel.
The guest house has received many awards including a Silver Award from Visit England, Gold Award in the North East Tourism Awards 2015, Certificate of Excellence from TripAdvisor in 2015 and has featured in the Michelin Guide for five years in a row.
The business has four suites as well as a guest dining room and owner’s accommodation which includes a large double bedroom, lounge and private bathroom.
David Cash, Business Agent at Christie & Co who is handling the sale comments, “Martineau Guest House occupies an enviable position on Front Street and benefits from spectacular views. It is surrounded by restaurants, cafes and bars and also has immediate access to Tynemouth Priory and Castle making it ideal for tourists visiting the region.
“It is an excellent opportunity for a lifestyle purchaser or an established B&B operator to take over an established and consistently profitable business. Freehold property in this affluent area is extremely sought after and we anticipate interest from locals as well as buyers from further afield perhaps looking to relocate.”
Martineau Guest House is on the market at a reduced asking price of £549,500.