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Monterey Beach Hotel, 20-22 North Promenade, Lytham St. Annes, Lancashire, FY8 2NQ

£2,200,000

Business rates & charges may apply

Christie & Co, Hotels
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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

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).

Location

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.

Internal Details

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)

Fixtures & Fittings

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 Accommodation

In 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 Details

The hotel offers approximately 20 vehicle parking spaces to the front of the hotel.

Owner's Accommodation

We 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 Opportunity

The 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).

Trading Information

Year end March 2023 accounts show turnover of £462,898, Gross profit of £380,206 (82%), and a net profit of £99,689.

Tenure

We have been advised that the property is held on a long leasehold basis with a 999 year lease.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Energy Performance Certificates

EPC 1

Brochures

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

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

Christie & Co, Hotels

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

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Notes

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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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