Monterey Beach Hotel, 20-22 North Promenade, Lytham St. Annes, Lancashire, FY8 2NQ
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- SECTOR
Hotel for sale
Key features
- 33 en suite letting bedrooms
- Reception/bar area, breakfast room
- Function/ballroom (120)
- Development opportunity (STPP)
- Parking at the front for c. 20 vehicles
- Energy Rating C
- Christie & Co Ref: 5646780
Description
A substantial promenade 33 bed hotel constructed mainly of brick under a pitched slate roof with extensive conservatory additions to the front. Occupying a fantastic sea front trading position with excellent access to local attractions the hotel offers approximately 20 vehicle parking spaces.
The building also includes nine unoccupied fire damaged apartments which used to be operated by the current owners as rented accommodation. These, along with the hotel itself, provide huge opportunities for development (STPP).
Lytham St. Annes is a popular seaside resort located just four miles south of Blackpool on the Fylde coast. With all year round visitors, Lytham St Annes has many activities and sights to offer. There are four championship golf courses located around the town.
The main town centre has been regenerated over recent years offering a blend of heritage and 21st Century architecture. It has well maintained beaches and a beautifully restored Victorian pier. Within Lytham St Annes you will find a variety of retail outlets, restaurants, cafes and bars.
The Monterey Beach Hotel occupies a prominent trading position fronting the north promenade with superb sea views. Lytham St Annes can most easily be accessed by leaving the M6 motorway at Junction 33 joining the M55 towards Blackpool continuing onto the end of the M55 following signs into Lytham St Annes.
The property has been extended and added to over the years and comprises:
• Reception area with fitted reception desk and small administration office behind
• Sun lounge with seating for approximately 15 with glazed conservatory extension to the front
• Licensed lounge bar with soft seating for approximately 40
• Function room/ballroom with fitted bar, DJ booth, glazed conservatory extension with capacity of approximately 120
• The breakfast/dining room which is split into two sections with a total capacity of approximately 60 (lower ground)
All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.
Letting AccommodationIn total there are 33 en suite letting bedrooms located over ground, first and second floors. Of the 33 bedrooms there are a mixture of single, twin and double rooms.
External DetailsThe hotel offers approximately 20 vehicle parking spaces to the front of the hotel.
Owner's AccommodationWe are advised by our clients that the hotel has the benefit of a one bedroom owners flat comprising of a double bedroom, living room/kitchen with its own private entrance to the rear of the hotel.
The OpportunityThe hotel has been in our clients ownership for over 30 years and comes to the market due to their impending retirement. During 30 plus years of trading the hotel has been substantially extended and improved.
The hotel trades for 12 months of the year and has a solid base of repeat business and coaching contracts with a mix of corporate, leisure and coach bookings. The businesses dedicated website is:
We believe that this hotel and building would appeal to someone looking to create a larger hotel by developing the apartments and creating more rooms or holiday accommodation to complement the hotel.
Alternatively there is the opportunity to develop the whole building to create living accommodation which would prove very popular given this location on the sea front (STPP).
Year end March 2023 accounts show turnover of £462,898, Gross profit of £380,206 (82%), and a net profit of £99,689.
TenureWe have been advised that the property is held on a long leasehold basis with a 999 year lease.
Business RatesConfirmation of business rates payable should be obtained from the local authority.
Energy Performance Certificates
EPC 1Brochures
Monterey Beach Hotel, 20-22 North Promenade, Lytham St. Annes, Lancashire, FY8 2NQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St. Annes-on-the-Sea Station0.4 miles
- Squires Gate Station1.9 miles
- Ansdell & Fairhaven Station1.9 miles
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Notes
Disclaimer - Property reference 5646780-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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