Heavenly View Farm Inn
Contact Information
Christine E. McDonald
Coldwell Banker McMahan
920 Bypass Road
Winchester, KY 40391
|
$450,000
|
| Toll-free: | +1-888-744-4894 (ext. 304) |
| Phone: | +1-859-745-7304 |
| Cell: | +1-859-227-1354 |
| Fax: | +1-859-744-1601 |
Email:
cmmcdonald@aol.comHome Page:
http://www.heavenlyviewfarm.com
Property Details
| Number Guest Rooms: | 4 |
| Number Common Rooms: | 4 |
| Number Private Baths: | 2 |
| | Occupancy Rate: | 10.00% | | Avg Daily Rate: | $100.00 | | Gross Revenue: | $130,000.00 | | Revenue Per Room: | $80.00 |
|
| # Shared Baths: | 1 |
| Years In Business: | 1 |
| Year Built: | 1810 |
| Year Remodeled: | 2006 |
| Square Footage: | 2892 |
| Land(Acres): | 3.5+ |
Property Description
1810 property with beautiful woodwork & fireplaces located in an area with great views. Great development potentials. House/Inn has undergone a series of renovations since 1990 and is in working order for operation. Features 4 bedrooms, 3 baths. Unique charms are its location and views. Sits on about 4 acres with potential additional acreage, among fields of corn and grazing horses... Mt Sterling is developing rapidly and is in great need of an Inn for several reasons: Guests, meeting places for church gathering and, weddings. The town has a charming red brick downtown with history and much charm, (last town to be discovered in Lexington vicinity.) Between the Horse capital and the Red River Gorge the area has a lot to do. Visit the web site for more details: Http://heavenlyviewfarm
Business Description
Business has been operating for 1.5 year and has shown excellent statistics and interest. All the marketing research done in the past year pointed to a greatly needed asset to this community. Room income may not necessarily be the main income. Private events such as club and church gatherings, birthday packages and catering... Local products store and specialty KY Proud food has also raised a lot of interest in the community. The farm is also registered with the State as an Herb Farm as well as is part of KY Proud Product Marketing. The University of KY Tourism Department is currently conducting a research project on this property and region. Buyers would benefit from all the relationship developed in the area, research, development... For more details go to: heavenlyviewfarm/Development/UK/uk.htm Reason for sale: This is a need that the Seller happened to identify. It isn't their goal to run a B&B or an Inn.
Terms of Sale
Would prefer paid in full, but various options can be explored for qualified person(s) interested in the development. Will offer assistance for 30 days & consulting at least for one year. Additional with right of first refusal up to 100 acres.
