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10 bedroom commercial property for sale

Substantial hotel with fine sea views

Sold STC £495,000

Property Description

Key features

  • LONG ESTABLISHED AND SUCCESSFUL BUSINESS
  • WELL MAINTAINED AND RENOVATED THROUGHOUT
  • GOOD QUALITY 3 BED OWNERS ACCOMMODATION
  • NORTH SOMERSET COASTAL LOCATION
  • 10 EN SUITE LETTING ROOMS
  • SEA VIEWS FROM MANY ROOMS

Full description

Great opportunity to take over an already successful and long established commercial Seaside Hotel business in a highly desirable Somerset coastal location. With 10 letting bedrooms, all with en suites, and good quality 3 bed owners accommodation, the property has been well maintained and renovated throughout. It now has planning agreed in principle to convert the property into 6 or 7 flats.

Our clients have been in ownership since 2000 and to their knowledge the premises has been used as a Hotel since the 1950's. Currently the business offers up to date Hotel accommodation with rooms with en suite facilities, family suites and some rooms with superb sea views. In recent years our clients, who are now wishing to retire, have operated the business at a level to suit, with a turnover below the vat threshold in the region of £60,000 - which nevertheless gives them a comfortable living. The licensed bar and dining facilities within the Hotel are not used now in any way remotely approaching their full capacity; however that potential is there for the next owners if required. It now has planning agreed in principle to convert the property into 6 or 7 flats. 

Season - March to October - again more potential here.

The Hotel is situated in Weston Super Mare on the North Somerset coast which is one of the first holiday destinations in the south west accessible from the M5/M4 corridors from the midlands, north and east. The business enjoys a seafront position on Beach Road, close to the Per and Sea Life Centre. The town centr with all is attendant facilities and amenities is within reasonable walking distance (600/700 yards).


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