35 bedroom hospitality for sale

Villa Esplanade Hotel & Apartments, Esplanade, Scarborough, YO11 2AQ

Guide Price £1,250,000

Property Description

Key features

  • UNIQUE COMMERCIAL OPPORTUNITY
  • 31 STUNNING HOLIDAY FLATS
  • 4 x LETTING ROOMS
  • 2 x LEASED OUT COMMERCIAL PREMISES
  • STUNNING SOUTHBAY & SEA VIEWS
  • ALL ENQUIRIES TO CPH COMMERCIAL

Full description

An exciting opportunity to acquire the freeholdto this substantial iconic building located on Scarborough’s Esplanade benefiting from spectacular sea and coastal views. The Villa Esplanade is collection of 35 self-contained self catering apartments, situated on Scarborough’s elegant South Cliff,overlooking Scarborough’s beautiful south bay, castle headland and harbour.  An elegant 19th century building, dating back to 1834, the building also incorporates 'El Gringo's Mexican Restaurant' together with arguably Scarborough's most stylish bar offering 'INK'.  This therefore generates substantial rental income to supplement the excellent trading figures posted by the self catering apartments.  Viewing is strongly recommended to appreciate this spectacular and extremely rare offering.




 

Villa Esplanade: 
An exciting opportunity to acquire the freehold to this substantial iconic building located on Scarborough's Esplanade with spectacular sea and coastal views as well as stunning views over Scarborough's South Bay to the Castle beyond. The property is only sold due to the current owner's retirement and the property has not been offered on the open market for over 45 years.

The Property: 
This former hotel is currently run as 31 holiday rental apartments plus 4 Letting Rooms and two occupied commercial premises including ground floor restaurant with 80 covers and basement bar (lease information available on request). The two commercial units benefit from a shared sun terrace with stunning views. The holiday apartments are laid out over four floors and mostly offer a kitchen and bathroom and some have a separate bedroom and lounge with some being combined. There is also a commercial laundry room in the basement. A full plan of the layout of the apartments and measurements is available upon request. Outside the apartments also benefit from a communal car park with approximately 10 spaces. The property can be sold as a going concern and offers any prospective purchaser an excellent income and return on investment (accounts available upon request) plus alongside the predicted trend in British holidays, further growth from the holiday units is expected over...

Location: 
Being located on the elegant Esplanade, the property is well placed centrally to a wealth of amenities and attractions including Ramshill shopping parade, the train station, The Spa conference centre and entertainment venue, Italian Gardens as well as Scarborough's town centre, South Bay and the beach.

Letting Bedrooms: 
There are 31 holiday flats and 4 letting rooms to sleep up to 102 guests. All have en-suite facilities, central heating and televisions with some of the rooms benefiting from superb sea views.

Services and Rates: 
All mains services are connected. Prospective purchasers are advised to make their own enquiries with regard to these. Rates payable circa £33,000 Per annum.

Contact: 
For any additional information regarding this property please contact either: Phil Fletcher - 07814 963558 phil@cphproperty.co.uk Joe Walker - 07501 017651 joe@cphproperty.co.uk

Property Reference: 
ESC 9993

More information from this agent

Nearest stations

  • Scarborough (0.4 mi)
  • Seamer (2.5 mi)
  • Filey (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 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.

Floorplans


To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 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.

Map & Street View

Nearest stations

  • Scarborough (0.4 mi)
  • Seamer (2.5 mi)
  • Filey (6.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

CPH Property Services, Scarborough - Commercial

19 St. Thomas Street, Scarborough, YO11 1DY

01723 315040 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 6224095. 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 CPH Property Services, Scarborough - Commercial. 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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