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267/269 Promenade, Blackpool, FY1 6AH

£795,000

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
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SECTOR

25 bedroom hotel for sale

Key features

  • Situated in a prime location between Central & South Piers

Description

A substantial Promenade property situated in a prime location between Central and South Piers overlooking the headland with panoramic views over the Irish Sea. Very well established business provides three income streams from the letting bedrooms, bistro/restaurant and public bar/club. The hotel has 25 en suite letting bedrooms all with TV's plus tea and coffee making facilities, fully fitted and equipped bistro and restaurant to the ground floor with excellent kitchens, public lounge bar located in the basement with a 6am night club licence (not utilised at present). Beer garden to front overlooking the promenade and rear parking for 8 cars plus the option to lease a further 15 spaces. Penthouse owners/managers self-contained flat provides an open plan lounge and kitchen with en suite double bedroom. A rare opportunity to acquire a well-established family run business in a prime location on the famous Blackpool sea front. Viewing recommended.

LOCATION
On the famous Blackpool Promenade in one of the busiest locations between Central and South Piers. Within walking distance of all the shows and attractions including the Pleasure Beach, Blackpool's iconic Tower and circus, Sandcastle Water World and all the shops bars restaurants and theatres.

LOWER GROUND FLOOR
Basement Lounge public bar and club with fully fitted bar counter, stage/ dance floor, kids zone, games room with pool table, chilled cellar access to outside smoking area;

GROUND FLOOR
Promenade Bistro and restaurant with fully fitted bar counter/servery spacious 60 covers with scope to increase if required (licensed 120); fully equipped kitchens with full stainless steel extraction and gas interlock system; Ladies and gents toilets;

FIRST FLOOR
25 En suite bedrooms (13 Double; 9 Family; 2 Twin; 1 Single);

THIRD FLOOR
Penthouse: Owners/managers flat provides open plan lounge and fitted kitchen overlooking the sea; Double bedroom with en suite bathroom;

EXTERIOR
Beer garden to front and rear parking for 8 cars. Potential leased car park for 15 cars available by separate negotiation.

BUSINESS
The hotel bistro and bar are all fully equipped and a full inventory will be provided when a sale is agreed. The company accounts for year ending 28th February 2019 confirm a turnover of £311,412. Turnover split 73% hotel 13% bar 14% bistro. Excellent scope to develop and increase. Full figures will be made available to genuine interested parties after viewing. Private finance available from the vendor subject to status, conditions apply.

SERVICES
All mains services gas central heating

Brochures

267/269 Promenade, Blackpool, FY1 6AH

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.6 miles
  • Blackpool North Station1.1 miles
  • Blackpool Pleasure Beach Station1.3 miles

About Kays Peake Properties Ltd, Blackpool

227-229 Church Street, Blackpool, FY1 3PB

Established in 1948 KAYS Commercial Estate Agents have been selling businesses and hotels across the Fylde coast, Blackpool and the surrounding areas of Lytham, St Annes, Thornton Cleveleys, Fleetwood, Kirkham, Garstang and Preston.

As business transfer agents we specialise in the sale and leasing of hotels, guest houses, bed & Breakfast accommodation, cafes, restaurants, retail businesses, self-catering holiday apartments, care businesses together with commercial premises including shops, warehouses, offices and industrial premises.

KAYS have a wide range of experience and expertise in dealing with residential, commercial and mixed use investment properties in Blackpool and the surrounding area. Within our business and hotels for sale we offer a full management service for landlords from acquisition, disposal, management and maintenance with the aim of maximizing yields and investment returns.

Whether you are looking to buy a business or premises for your own use, a first time investor or a landlord looking to add to your existing portfolio KAYS can offer you a friendly, professional, effective and efficient service.

KAYS also provides a full residential and commercial management service within Blackpool and further surrounding areas. The ultimate goal is to maximise the value of the asset through effective property management strategies which will maximise the long term value of the property. By listening to our clients and their tenants we ensure that we are continually evolving and improving our service.

Meet the team: https://www.kaysestates.co.uk/our-team/

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Disclaimer - Property reference 010166. 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 Kays Peake Properties Ltd, Blackpool. 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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