Shropshire B&B for sale for more than £1m

An iconic B&B for sale in Shropshire is expected to attract "significant interest" from a wide range of potential buyers. The De Grey's Townhouse business sale is being handled by London-based Christie + Co, with a guide price of £1.25 million.

Home to De Grey's Tearooms for over 100 years, the Elizabethan property in Ludlow contains a licensed restaurant - with its own bakery shop - and nine bespoke guest bedrooms, in addition to its luxury B&B.

Christie + Co director Philip Stimpson has pointed out to prospective buyers of the hospitality business that it's listed in the Michelin Guide 2009 as a "red hotel", with the business sale encompassing the freehold of the tearoom, restaurant and shop as well as a ten-year lease on the B&B.

"This is an amazing opportunity to acquire an established and unique business that is renowned locally, regionally and further afield," he adds. "There is also scope to develop the business further, especially concentrating on building up evening trade."

The B&B for sale has been run and developed by its current owners for nearly 11 years. Its guest bedrooms have achieved a five-star Gold rating from VisitBritain and a five-star rating from the AA.