William's Grant Inn $849,000

Grand bed and breakfast built in 1808 by a ship owner and captain, William Bradford Jr. grandson of Lt Governor William Bradford. Five unique rooms for rent all with private baths, together with owners/hosts'quarters having two bedrooms and separate living areas. Total improved living area of about 4000 SF. Inviting back gardens and patios, terraced with koi ponds. Off-street parking for 5-8 cars on a recently paved parking lot and cobbled drive. Original structure and floors throughout. Near business district walking distance to shops and fine restaurants. Bristol is a yacht-building town near Newport and home of the Herreshoff Museum and America's Cup Hall of Fame. Many other museums and attractions for visitors. Great for base for one-day trips to Boston, Cape Cod, Newport, Providence, and the offshore islands of Marthas Vineyard, Nantucket, and Block Island. Bristol Rhode Isalnd is becoming a destination for visitors wanting avoid the over-busy centers of Boston, Newport and Providence and still have the benefits. Williams Grant Inn has a presence on the web at over 42 search engines and is heavily found by anyone searching on the web for lodging in the region. Great location in Bristol for peace and quiet as well as convenience. Includes many furnishings to be negotiated for a turn-key business. Ten year track record of sales available. Available with 30 days notice. Cash out desired. Financing the responsibility of the buyer. Assumption of the 230000 1st mortage would be negotiated with lender, if possible. Transition period on-site offered for a period to be negotiated, without charge. Reservations and rentals continue, with reservations now into 2011 to be turned over to the buyer. NEW ENERGY EFFICIENT GAS-FIRED FURNACE.
REAL ESTATE AGENTS WELCOME--commission paid

Details

  • Built in 1808
  • 15 years as B&B
  • Last renovation in 2003
  • For Sale By Owner
  • 5 Guest Rooms
  • 5 Guest Bathrooms
  • 5 Parking Spots
  • Has owner's quarters
  • EUR642000
  • For Sale By Owner
  • 37% annual. occ. rate
  • $159.00 avg daily rate
  • $105,000 gross revenue
  • $105,000 room revenue

Listing Agent

Warren Poehler
154 High Street
Bristol, RI 02809

Phone: 01.401.2534222
Cell: 01.800.5964222
email: wmgrantinn@earthlink.net

Location

154 High Street Bristol, RI 02809

Photos (click to enlarge)

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