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11 bedroom hotel for sale

Redcliffe HotelPrince Of Wales Terrace,Scarborough,YO11 2AL

£450,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

The Redcliffe is a superbly appointed small hotel situated within an attractive period terrace on Scarborough's elegant and much favoured South Cliff. The hotel was extensively refurbished in late 2003/early 2004 and the current owners have continued to reinvest income so that today the Redcliffe is a delightful home and business when all the hard work has been done and all is set fair for strong future trading.

The premier resort in Yorkshire and one of the largest on the east coast of Britain, Scarborough has a tremendous amount to offer visitors and the Redcliffe Hotel is very conveniently situated being in a lovely part of the resort on level ground only a short walk from the Cliff Lift leading to the Spa Complex and foreshore. The hotel is also close to the town centre with its modern Brunswick Shopping Centre and entertainment attractions, including the Stephen Joseph Theatre. Scarborough also has a steady stream of conference, events and concert business so there is always something going on and there are lovely golf courses plus fishing, surfing and excellent walks.

The current owners purchased the Redcliffe Hotel in 2005 and have thoroughly enjoyed living and working in this lovely hotel and attractive town. Now, as retirement approaches, the decision to sell has been made giving buyers an opportunity to acquire a first rate B&B business with 2 flats ideal for extended family or for extra income.

THE PROPERTY

Accommodation is arranged on ground, lower ground and 4 upper floors. The hotel benefits from a 4 person passenger lift serving all floors.

PUBLIC AREAS

Front entrance via a lobby leading into a spacious hall with lift and open staircase. On the left is the lounge with reception counter and cosy bar lounge off to the rear. Through to the front from the lounge is the dining room, a delightful room with high ceiling and large bay window drawing in lots of natural light. On the first floor is a large and attractive lounge for residents.

LETTING BEDROOMS

11 letting bedrooms to sleep 23 (10 double and 1 family). 8 bedrooms have en suite bathroom/wc with shower over the bath, 2 bedrooms have their own private bathroom/wc and one bedroom has wash basin in the room and shared use of a wc on the landing. All rooms have modern key card entry, central heating radiator, television, hairdryer and tea and coffee
making facilities and most have trouser press and iron, telephone and safe.

PRIVATE ACCOMMODATION

On the top floor the owners have a self-contained flat with an open landing, fitted kitchen, spacious lounge and a double bedroom with large en suite shower room/wc.

An unused flat is situated on the lower ground floor and consists of a lounge, small kitchen, 2 bedrooms and bathroom and separate wc. This is ideal for extended family or generating extra income.

SERVICE AREAS

Well-equipped commercial kitchen with full extraction system. Service and storage areas.

OUTSIDE

To the rear is an enclosed yard with private parking for one car.

SERVICES

Scarborough Borough Council - 01723 232323.

Mains gas, electricity,
water and drainage. Gas-fired central heating.

LICENCES

Premises Licence.

LISTINGS

visitEngland 4 star guest accommodation with Silver Award and Breakfast Award.

WEBSITE

www.theredcliffehotel.com

TRADE

Whilst there is always plenty of call for evening meals the owners prefer to operate on an easily run bed and breakfast basis. They are open for about 40 to 42 weeks per year and the accounts for the year ended 30 September 2014 show 25,652 adjusted trading profits (before
depreciation and excess repairs) on turnover 68,270. The business is not VAT registered. This is a pre-retirement sale and those wishing to increase profits will find plenty of potential for extra
income and cost savings.

PRICE

470,000 for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.


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