Adelaide Street, Blackpool, Lancashire, FY1 4LA
- SIZE AVAILABLE
13,175 sq ft
1,224 sq m
- SECTOR
Hotel for sale
Key features
- Staff Parking to the Rear
- 41 Bedroom Trading Hotel in the Heart of Blackpool
- Fantastic Tenanted Investment Opportunity with a Potential Yield of c. 12%
- Fantastic Location within Walking Distance of an Array of Attractions
- An Abundance of Eating Establishments, Bars and Retail Shops nearby
- Selling the Freehold as a Tenanted Investment with 7 Years Remaining on the Current Lease
- 39 Guest Bedrooms all Boasting Private En-Suite Facilities
Description
Introducing a fantastic opportunity to invest in a substantial 41-bedroom trading hotel nestled in the vibrant heart of Blackpool. This hotel showcases a fantastic tenanted investment chance with a potential yield estimated at an impressive c. 12%.
Situated centrally, this property positions itself within a coveted locale, affording convenient access to an eclectic array of attractions. The renowned Blackpool Tower, charming promenade, prestigious Winter Gardens, and bustling town centre are all within effortless walking distance. Immerse yourself in the lively ambience of Blackpool with an abundance of dining venues, bars, and retail shops awaiting just a stone's throw away.
Offering a secure investment proposition, this property presents the opportunity to acquire the freehold as a tenanted investment, ensuring peace of mind with 7 years remaining on the current lease agreement.
The hotel boasts 39 guest bedrooms, each appointed with private en-suite facilities to ensure maximum comfort and convenience for visitors.
Welcoming guests upon arrival, the hotel offers a spacious guest reception area and a refined dining room catering to the needs of the clientele. To the lower ground you will find a fully equipped kitchen, additional dining area and access to the private living quarters comprising a kitchen, lounge/diner, bathroom, and two bedrooms, providing a retreat for the proprietor or management personnel.
To add to the practicality of the premises, staff parking is conveniently located to the rear of the property, ensuring ease of access for employees and enhancing the overall operational efficiency of the hotel.
Don't miss this exceptional chance to invest in a hospitality venture in one of Blackpool's most sought-after locations. Whether you are a seasoned investor looking to expand your portfolio or an aspiring entrepreneur seeking a lucrative opportunity, this property promises a rewarding venture with a promising return on investment. Embrace the potential of this impressive hotel and secure your future in the thriving hospitality industry.
Please note we have not inspected this property.
Location
The subject property is well located along Adelaide Street, Blackpool. This property is located within easy reach of local amenities, transport links and schools, and is on the corner of Houndshill Shopping Centre and the Winter Gardens.
Accommodation
39 Guest Bedrooms
All Boasting En-Suites
Private Living Quarters
Comprising of; Kitchen, Lounge/Diner, Bathroom And 2 Bedrooms
Guest Reception
Guest Dining Room
Hotel Kitchen
Basement
Guest Dining Area and Multiple Storage Rooms
Tenure
Freehold. Title number LA509593.
Rateable Value
The current rateable value is £26,500 (1 April 2023 to present).
Sourced from VOA.
EPC
Available upon request (rating B).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Brochures
Adelaide Street, Blackpool, Lancashire, FY1 4LA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Blackpool North Station0.4 miles
- Blackpool South Station1.2 miles
- Layton Station1.6 miles
Notes
Disclaimer - Property reference 476100. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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