Specialist business property adviser, Christie & Co has completed the sale of Leighton Townhouse in Bath to a Hong Kong-based buyer for a price of a £1.95m.
Hoteliers, Michael and Sarah Jones of Bath Boutique Ltd recently carried out a re-launch of Leighton Townhouse, including an “extensive” upgrade programme, a re-branding, a remodelled website and new booking system.
Two years later – after 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 detached 10 bedroom boutique bed & breakfast, which – according to Christie & Co – resulted in multiple offers “within days” of launching on the market. A sale was agreed to Mrs. Kinyi Law of Double Fortune Enterprises Limited, who plans to “further invest” in the property.
Mrs. Kinyi Law, based in Hong Kong, also purchased the Highway House Bed & Breakfast in Bath last year, which is located down the road from the Leighton Townhouse.
Previous owner, Michael Jones said: “We have really enjoyed owning, upgrading and re-launching 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.”
Matthew went on to explain that the buyer pool for Bath “continues to expand” not only from within the UK but also from “interest overseas.”
He added: “There is a 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.”
