Citrus Hotel, King Edward's Parade, Eastbourne, BN21 4EB
Size
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Tenure
Freehold
EPC
Parking
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- Primary use
- Hotel
No floor / site plan
Key features
- In excess of 45 ensuite bedrooms
- Breakfast room/Games room
- Potential to add additional bedrooms (STPP)
- Picturesque sea views
- Town centre location
- EPC:47
- Christie & Co Ref: 3848021
Description
The Citrus Hotel Eastbourne is a 50-bedroom hotel set within a converted Victorian building in a prominent seafront town centre location. The hotel has a proven track record within the Eastbourne area. All rooms provide sea views, some panoramic along with tea/coffee making facilities and flat screen TVs. There is a breakfast room along with space for additional letting rooms (STPP) via converting two of the meeting rooms.
LocationThe Citrus Hotel in Eastbourne boasts an ideal location on King Edward's Parade overlooking the English Channel and offering stunning sea views along this renowned coastline.
The picturesque Beachy Head landmark is 2.8 miles distant and accessible by a leisurely drive or a pleasant walk while the iconic Eastbourne Pier is just a short walk from the hotel. The hotel overlooks the Whish Tower to the front with the English Channel beyond and adjoins the picturesque Wilmington Square.
Guests can choose from 50 ensuite bedrooms ranging from single rooms to the deluxe sea view suite, all designed to ensure a comfortable and relaxed stay in Eastbourne.
Accessed via the ground floor, the hotel comprises entrance area with lobby, and stairs to the first floor reception. The breakfast room and bar are on the first floor adjacent reception. The hotel is set around a central staircase with five floors of letting bedrooms from the lower ground floor upwards. There are two lifts (one of which is a goods lift no longer in use) providing access to all rooms offering sea views. On the lower ground floor there is a games room with additional bedroom suites and scope for additional bedrooms via the conversion of existing storage/service areas.
Fixtures & FittingsAll fixtures and fitting are included in the sale.
Letting AccommodationBed room configuration:
* Family Studio: 2
* Double: 14
* Twin: 12
* Single: 10
* Triple: 2
* Family: 2
* Suite: 5
* Double/Single Suite: 3
* TOTAL: 50
The property has access to a courtyard for bin storage via an alleyway to the rear of the hotel.
Owner's AccommodationThere is no owner's accommodation on site.
The OpportunityRarely do hotels of such premier seafront locations come to market with one of the UK's prominent seaside resorts. There is scope to increase room numbers by converting the two meeting rooms at part first floor level in addition to storage rooms at lower ground floor level to drive accommodation income. The hotel benefits from year-round leisure and corporate business with a plethora of major demand generators including strong leisure business during the peak summer months.
Trading InformationNet turnover to year end 31st March 2024 £1,057,775.
* Occupancy £68.2%
* ARR: £80.03
The hotel is being sold freehold as a Trading Going Concern (TOGC) on an asset sale basis.
Business RatesRateable Value: £TBC
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Business for sale
- Yes
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Citrus Hotel, King Edward's Parade, Eastbourne, BN21 4EB
About Christie & Co, Hotels
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If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.
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Disclaimer - Property reference 3848021-fh. 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 Christie & Co, Hotels. 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.