Alexander's, 2 Carlisle Parade, Hastings, United Kingdom, TN34 1JG

The Hastings Hotel is a fine seafront property with 13 guests bedrooms laid out over six floors.

Alexander's is conveniently located just off Hastings seafront and a short distance from the pier, town centre and railway station. Hastings is a long standing popular seaside town in the county of East Sussex, popular with visitors from surrounding counties, further afield in the UK and overseas tourists.

The town is well served with good road routes along the coast and northwards to the M25, London and beyond. The mainline railway station offers regular services into London, making Hastings particularly popular with those from the capital.

Guest lounge, cloakroom and breakfast/dining room.

At basement level is the owners/manager's bedroom, good size kitchen, laundry room and various store rooms.

All of the trade fixtures and fittings are included in the asking price, with the exception of any personal items.

Guest bedrooms are located over first, second, third and fourth floors. On each of the first three floors there are four ensuite bedrooms, and on the fourth floor one ensuite bedroom and the boiler room.

Alexander's has been under the current stewardship for around 18 years, during which the business has built a great reputation for comfortable accommodation and a friendly welcome.

The property has been well maintained and upgraded as and when necessary. With the current owners wishing to retire, there is a great opportunity for new ownership.

The business is currently owner operated with the support of a resident manager and a small team of part time support.

Trading profit & loss accounts provided by our client show that turnover for the year ended 31 March 2023 were £164,570. The business is able to demonstrate an excellent EBITDA. Full detailed accounts can be provided after a formal viewing.

The property is currently held on a lease for a period of 15 years.

The rateable value of the property effective from 1 April 2023 is £10,500.