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Hotel for sale

Whitley Bay, Tyne and Wear

£315,950

Property Description

Key features

  • Perfectly kept hotel offering B&B service
  • Occasional tourist clientele, regular business guests
  • Well known across the country
  • Easily accessible with ample parking
  • Tremendous upside potential, including repurposing (applied already for conversion permit)

Full description

Tenure: Freehold

Reference
02559

Turnover
£30,000

Current asking price
£315,950

Primary business type
Hotel / Motel

Opportunity
Intelligent Business Transfer are excited to offer to the market a well-kept hotel catering to individuals, tourists and business clients who stay at the hotel throughout the year.

A delightful, terraced, very comfortable property, near to the town centre and beach promenade, this business is preferred not only by many of the area’s seasonal tourists, but also by the year round construction workers and other business travelers. This perfect mix of comfort, convenience and impeccable service have gained the business nationwide recognition, particularly in the North, 70% average occupancy and a secure stream of revenues.

Having reached its current status without any active marketing, the business offers buyers endless potential including: offering half-board stays including evening meals; launching a website with or without an integrated component for online bookings; establishing a social media presence; listing the hotel on booking engines; any form of conventional advertising; and perhaps most promising, a complete conversion of the property into 3 luxury apartments, something the current owners are looking into.

After 3 decades of diligent effort, the owners will be retiring and have asked Intelligent Business Transfer to seek a husband and wife team looking for a lifestyle opportunity, or an existing B&B owner wishing to expand into a larger property.


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