10 bedroom hotel for sale

Drummond Road,Skegness,PE25

£290,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

SUPERB 9 BEDROOM HOTEL & BAR - LINCOLNSHIRE
Early interest and viewing is highly recommended
Raised frontage which gets the sun all day
Sale includes all fixtures and fittings
Repeat customers year on year
Prominent location in Skegness
1 bed owners' accommodation
Well established business
60's themed twilight bar
Next to beach
FREEHOLD


Location

This well established 9 bedroom hotel and bar stands on a prominent main through road location in the popular seaside town of Skegness in Lincolnshire which is popular for tourists and holiday makers. It's located along the Lincolnshire coast of the North Sea, it is 43 miles (69 km) East of the city of Lincoln. Over the last 5 years Skegness has undergone a full facelift with the local authority spending millions on upgrading the facilities and attracting higher tourism figures to this now quality resort. The area has strong road and rail links via the A16 and A52 trunk roads plus mainline station, making travelling and commuting very easy.


Business History

Meridian Business Sales are delighted to offer to the market this well established and respected 9 bedroom hotel and bar. The business dates back to circa 1870 and has been in the careful hands of our client for the last 6 years. The only reason our clients are offering the business to the market is due to their desire to take a well earned retirement. Our clients have gone to considerable expense and effort on the presentation of the property and are currently renovating some rooms into en-suites and they are very generously including all fixtures and fittings within in the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Some famous people have stayed at the hotel over the many years and their pictures can be seen on the walls of the bar. The business is owner operated but they do not live on site so it requires 1 part time member of staff and is currently being run at a pace to suit our clients but they have informed us that there is huge growth potential for any new hands on owner. The business enjoys a strong reputation built up over the years from which it enjoys a high level of repeat bookings which is the mainstay of any hotel. This is a superb opportunity, and as such Meridian Business Sales recommends early viewing.


Financial Profile

Turnover: 90,000pa
Stock approximately: 500


Tenure

We are advised freehold


Opening Hours

Trades all year round


Accommodation

Detached 9 bedroom hotel and bar, briefly comprising:

GROUND FLOOR
Secure entrance leading to:
Residents bar with servery and seating area
Guest lounge
Dining room with 22 covers
Fully equipped catering kitchen
Family room
Twin room
Shower room with shower cubicle, toilet and wash basin
Toilet and wash basin
Bathroom with corner bath, toilet and wash basin
Owners' double bedroom

FIRST FLOOR
Letting rooms
Family room
Twin room
Twin room
Twin room
Twin room
Single room
Double room
Landing with airing cupboard
Shower room with shower cubicle, toilet and wash basin

EXTERNAL
Yard with patio and seating area
Side parking for 3 vehicles

Nearest stations

  • Skegness (0.5 mi)
  • Havenhouse (3.3 mi)
  • Wainfleet (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest stations

  • Skegness (0.5 mi)
  • Havenhouse (3.3 mi)
  • Wainfleet (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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