14 Bedroom Guest House For Sale

Business description

Summary:
Established in excess of 100 years and under the current ownership for the past 4, the business is a traditional guest house/hotel offering bed and breakfast. Situated close to the beach, Pier, Town Centre, Amusements and station the business is in a superb trading position. All rooms have central heating throughout along with TV, shaver, various power points and tea and coffee facilities. There is a separate dining room and lounge with TV. The customer base includes many workmen, business people and the holiday trade throughout the season. Christmas week is also always fully booked. The business is currently run under management.

Turnover:
We are informed that the annual turnover from the rooms is in an excess of £60,000 per annum. Further income is generated from the bar and evening meals.

Potential:
An owner worker would benefit from the bar and evening meal income and it is believed that due to the excellent position of the business afternoon teas would be very successful.

Legal Fees:
Vendors and purchasers to meet their own contractual costs.

Property information

Property:

Freehold

Lease terms:

A new lease is available with a rent of £30,000 pa, term to be agreed.TENURE: Freehold

Location:

Ground Floor: Entrance hall with reception desk. Dining room with 24 covers. Lounge with TV. Bar with seating, optics etc. Beer garden with patio seating area. Kitchen with full complement of equipment. Office area with steps to owners accommodation. Ironing room. First Floor: Bathroom & separate toilet. 3 x double bedrooms, 2 x singles, and 1 x family room. Staff flat with lounge, bedroom/open plan bathroom, stairs to kitchen. Second Floor: Shower room and separate toilet. 4 x double rooms, 2 x single rooms, 1 x family room. Single room on half landing.

Other information

Reasons for selling:

The vendor wishes to re-invest in another building closer to their home.

Contact the seller