Luxury guest house, Leighton Townhouse in Bath, has just changed hands through Christie & Co, and was sold off a guide price of £1.95m. The venue was named as one of the coolest places to stay in the UK.
Experienced hoteliers, Michael and Sarah Jones of Bath Boutique Ltd recently carried out a relaunch of Leighton Townhouse, including an extensive upgrade programme, rebranding, a remodelled website and new booking system. Two years down the line and after very successfully establishing the new business, Michael and Sarah have made the decision to exit the business to pursue other interests.
Christie & Co was instructed to carry out an open market advertising campaign for this substantial 10 en-suite bedroom boutique bed & breakfast, which resulted in multiple offers within days of launching to the market and a sale agreed to Mrs Kinyi Law of Double Fortune Enterprises Ltd.
The new owner plans to further invest in the property, which makes for an exciting time for everyone involved. Law, who is based in Hong Kong, purchased the Highway House Bed & Breakfast in Bath last year, which is located down the road from the Leighton Townhouse.
Previous owner, Michael Jones commented, “We have really enjoyed owning, upgrading and relaunching Leighton Townhouse and are delighted be able to pass it on in robust health to the new owners as we move on to our next venture.”
Matthew Smith, Director at Christie & Co's Bristol office, said, “We are thrilled to announce the sale of Leighton Townhouse. Christie & Co has had a longstanding relationship with this business, having previously sold it to Michael and Sarah Jones.
“The buyer pool for Bath continues to expand not only from within the UK, but also from interest overseas with strong demand from Asian investors keen to take advantage of our weak pound and low interest rates, with a desire to acquire proven robust profitable assets, alongside a clear understanding of how to further enhance the trading performance of the business.”
