Hotel for sale

Wilson Road, Southend On Sea, Essex, SS1

£745,000

Property Description

Key features

  • 6 Luxury Hotel Apartments
  • All Fully Furnished
  • Walking Distance Of Stations
  • All Apartments Self Contained
  • In Popular Conservation Area
  • Super Business/Investment Opportunity

Full description

Tenure: Freehold

DESCRIPTION:
Comprising 5 x 1 Double Bedroom and 1 x 2 Bedroom Luxury Apartments, all having their own kitchen/diner, lounge and bathroom/WC. Fully furnished to a high standard and including all kitchen utensils, washer/dryer, microwave, TV with Freeview & Broadband access.

Location 
In a popular Conservation area and conveniently located adjacent close to Cliff Gardens and within walking distance of the Railway Station and seafront. Other nearby landmarks include the Cliffs Pavillion Theatre and the Towns vibrant night time Restaurant scene and outstanding shopping centre.

The Property 
A distinctive building which has been sympathetically converted into 6 luxury Hotel Apartments. These comprise 5 one double bedroom apartments and a larger 2 bedroom apartment. Each is completely self contained with its own Kitchen, Lounge, Bathroom & WC. These rooms provide accommodation of a high standard aimed at professional and business people looking for short to long term quality accommodation.

Turnover 
Turnover for the year ended 5th April 2015 was £43,271 with a net profit of £20,903.

Staff 
Given the nature of the business, this requires nominal owner input and could easily be run by a well organised Caretaker/Manager, which makes ideal for overseas investors as well as anyone with some Hospitality experience.

Tenure 
Freehold

Business Rates 
The 2010 rating valuation describes the property as 'Self catering holiday unit and premises' with a value of £10,000, resulting in a liability of £4,970.

Potential 
We believe this opportunity has real potential in the hands of a full time operator who has sufficient time to develop the business with a better web presence and more aggressive marketing strategy.

More information from this agent

Nearest stations

  • Southend Central (0.4 mi)
  • Southend Victoria (0.5 mi)
  • Westcliff (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 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

  • Southend Central (0.4 mi)
  • Southend Victoria (0.5 mi)
  • Westcliff (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Dedman Gray, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 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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