267/269 Promenade, Blackpool, FY1 6AH

Substantial leasehold Promenade property in a prime location between Central & South Piers 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 drinks 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 Prom and rear parking for 8 cars plus option to lease a further 15 spaces. Penthouse owners/managers self-contained flat provides an open plan lounge & 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. New 10yr lease, FR&I Term, 5yr reviews, rent £60,000 pa. Freehold option also available £795,000. Private Finance available subject to status, conditions apply

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.

SERVICES
All mains services connected, gas central heating.

TENURE
Leasehold. New 10 year lease, FR&I Term, 5 year reviews, rent £60,000 per annum. Freehold option available £795,000 with private finance available subject to status, conditions apply.