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13 January 2015 | Hotels

Bristol's Coach House B&B sold in excess of £895,000 asking price

Businesses sold

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The Grade II listed Coach House B&B in Bristol has been sold for a sum exceeding its £895,000 asking price, in a deal brokered by specialist property adviser Christie + Co,

Built around 1750, the former coaching house has since been converted to offer 15 contemporary letting rooms, one bedroom owner’s accommodation, a good-sized car park and a one acre paddock.

The previous owner, Mr Barnett, had been at the Coach House for over ten years and during this time developed the business into a highly profitable operation. Keen to take a step back and pursue other interests, he instructed Christie + Co to market the business.

After a carefully strategised marketing campaign, Christie + Co generated a number of viewings which triggered a competitive bidding process. A best bids deadline was set and a deal was agreed above asking price to new owner, Mr Chandrasekhar. 

Mr Chandrasekhar was impressed at the quality and profitability of the business and he is looking forward to driving the business forward. 
   
Sophia Sangchi of Christie + Co’s Bristol office handled the sale. She comments: “The sale of the Coach House demonstrates continued improvements in the hospitality market. It is great to see that following a targeted marketing campaign, we were able to bring strong offers to the table. 

“I am thrilled for Mr Chandrasekhar — his enthusiasm for the business was apparent from his first viewing and I am confident he will make every success of the Coach House.”