26 bedroom hotel for sale

Scarborough

£460,000

Property Description

Full description

Tenure: Freehold

26 LETTING ROOM HOTEL - NORTH YORKSHIRE
Advised annual turnover of 65,000 with good gross profits
Thriving business with scope for further improvement
Spacious 1 bedroom private owners' accommodation
Popular coastal tourist destination of Scarborough
Can easily be converted back to two properties
Re-newed multiple occupancy license till 2017
Wonderful town centre trading location
Early viewing strongly advised
Ideal development opportunity
15 permanant tenants
FREEHOLD



Location

This superb 26 letting room hotel with 1 bedroom private accommodation is located within a 2 minute leisurely walk of Scarborough town centre. It is surrounded by complimentary businesses providing wonderful opportunities for passing trade. Scarborough is a town on the seacoast in North Yorkshire. It is best known as a popular tourist destination with beautiful sandy beaches and a multitude of attractions it is widely recognised as the largest holiday resort on the Yorkshire coast and is affectionately known as 'Heartbeat Country' made famous by the popular ITV drama. Scarborough is reached easily via the A165 coast road linking the town with nearby Whitby and Bridlington, the A64 provides access to York and further access to the UK's wider motorway network via the A1 and M1.


Business History

Meridian Business Sales are delighted to offer to the market this superb and spacious 26 letting room hotel with 1 bedroom private accommodation which has been established for 50 years and has been in the capable hands of our client for the previous 10 years. The only reason this superb opportunity is being made available is so our client can relocate overseas. Since owning the business our client has and continues to invest heavily on the premises to the point that they are in full walk-in condition for any prospective purchaser. We are advised of an annual turnover of 65,000 with good gross profits which are derived from the letting of our clients beautifully presented guest rooms. Our client also benefits from a contractual arrangement with the local authority which brings in a substantial and regular income added to 10 permanent residential lettings within the hotel. Our client has a wonderful reputation and benefits from a high percentage of repeat and regular visitors. Our client currently has 15 permanent tenants. There is great scope to further increase turnover as the business is now run at a pace to suit our client's lifestyle, a more aggressive marketing strategy for example could prove to be beneficial as only limited advertising is currently employed. This is a wonderful opportunity to purchase a thriving business in a superb trading location and as such early viewing is highly recommended as this business is not to be missed.


Financial Profile

Turnover: 65,000pa
Stock approximately: 500


Tenure

We are advised freehold


Opening Hours

Trades all year round


Accommodation

Substantial 26 letting room hotel, formerly 2 buildings converted to one property in superb trading location approximately 2 minutes from the town centre, briefly comprising:

Ground Floor
Twin secure entrances leading to reception area, beautifully presented residents lounge and bar, 2x family rooms with en-suite, 1x standard family room, 1x standard double room, 1x single room with en-suite, stairs to basement dining room and a twin staircase leading to first floor.

Basement
Superbly presented split level dining area with breakfast serving area, pool table, 2x spacious kitchens, access to rear yard and front gardens plus owners' private 1 bedroom accommodation with lounge and private bathroom.

First Floor
4x communal toilet facilities, 2x family rooms with en-suite, 2x standard single rooms, 2x standard family rooms and twin staircase leading to second floor.

Second Floor
2x double rooms with en-suite, 1x standard single room, 1x standard family room, 2x standard double rooms, 1x family room with en-suite, 1x standard twin room, communal shower room and twin staircase to third floor.

Third Floor
3x standard double rooms, 1x toilet, 1x toilet/shower room, 2x double rooms with family living room annex (4 rooms in total) and 1x family bathroom.

External Rear yard with 2x garages and garden to front.

Listing History

Added on Rightmove:
20 June 2014

Nearest stations

  • Scarborough (0.1 mi)
  • Seamer (2.9 mi)
  • Filey (6.7 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

  • Scarborough (0.1 mi)
  • Seamer (2.9 mi)
  • Filey (6.7 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.

Disclaimer - Property reference 2603. 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 Meridian Business Sales Ltd, Bolton. 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.

Map data OpenStreetMap contributors.