SOLD! But read about it below….
Sometimes an inn just has it all. Location. Condition. Cash flow. Oh, did we mention location? This grand and gorgeous Beaufort, SC inn for sale is located on Bay Street in Beaufort. With front porch views of the Harbor River and a short walking distance to downtown shops and restaurants, it is ideally situated to take advantage of the charms of this historic South Carolina town between Charleston and Savannah.
With high ceilings and lovely woodwork, the antebellum inn epitomizes the Old South in its architecture and feel. It is on the National Register of Historic Places and is a AAA Four Diamond property. Most of the ten guest rooms are above average size, and two are huge suites that afford the ultimate in comfort and luxury. Guests are welcomed and escorted to their rooms by friendly and knowledgeable staff, and the owners entertain their guests at a wine and hors d’oeuvre hour with sumptuous snacks and lively conversation.
The inn has ample off street parking and an award winning landscaped courtyard that welcomes guests as they go from their car to the inn. And while the Carolina coastline is subject to storms, this inn has a full complement of hurricane shutters for 88 windows that can protect the 200 year old structure under the most extreme conditions. Additionally, the mechanicals are updated with features such as PTAC and mini-splits for individual comfort in the guest rooms plus 6 heat pumps that service the common areas of the house. A high capacity Rinnai on-demand water heater is backed up by a 75 gallon electric holding tank, ensuring guests never run out of hot water. The inn is served by public water and sewer.
When considering the purchase of a bed & breakfast, buyers are always interested in a strong business. In 2015 this inn operated with a 75% occupancy and a strong ADR, a testament to the quality of the marketing and the staff who, with the owners, provide a wonderful experience for the inn’s guests.The benefit to an investor buyer is that the inn generates a solid income even with a full complement of staff. Currently there are no owner’s quarters, as the former owner’s quarters were converted to guest use in 2014, generating more than enough revenue to pay for comfortable off site housing. There is space in the main house, however, where new owner’s quarters could be created.
The Cuthbert House Inn has been SOLD. The B&B Team represented both the sellers and the buyers. For details, please contact Peter Scherman (434-286-4600) of The B&B Team, Inn Consultants LLC.
South Carolina broker of record was Ballenger Realty. One of the owners is a South Carolina real estate licensee with Ballenger Realty. Photography by Richard Kook.
