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349 Promenade, Blackpool, FY1 6BJ

£57,750

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
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SECTOR

15 bedroom hotel for sale

Key features

  • Four storey leasehold Promenade hotel
  • 15 ensuite letting bedrooms and 2 bed owners/managers flat
  • Forecourt parking
  • Rent £20,000 per annum
  • Significant scope to develop the business

Description

Leasehold four-storey hotel located in a prominent promenade position overlooking the Irish Sea, between the Central and South Piers.
Comprising 15 en-suite letting bedrooms, all with TVs, tea and coffee-making facilities, central heating, and double glazing.
Includes an open-plan bar lounge, dining room, and sun lounge.
Also features a two-bedroom owner's/manager's flat and forecourt parking.
Held on a 10-year lease from December 2021, with rent at £20,000 per annum.
An excellent opportunity to acquire a promenade hotel with significant scope to develop the business.

LOCATION
On the Promenade between Central & South Piers providing excellent access to Blackpool Pleasure Beach, Sandcastle Water Park and all major popular tourist attractions.

LOWER GROUND FLOOR
Private bedroom, store room

GROUND FLOOR
Vestibule entrance hall and staircase; Open-plan bar lounge, dining room, and sun lounge; Commercial kitchen with extraction canopy; Owner?s accommodation including lounge, en-suite bedroom and additional bedroom/office

FIRST FLOOR
7 en-suite bedrooms (2 family, 3 double, 1 twin, 1 single); toilet; store.

SECOND FLOOR
8 en-suite bedrooms (7 Double, 1 family).

EXTERIOR
Forecourt parking, rear yard.

BUSINESS
The vendor confirms turnover has ranged between £50,000 & £70,000, with further figures available to interested parties after viewing.

SERVICES
All mains, gas central heating.

TENURE
Leasehold 10 year lease from December 2021. Full repairing and insuring lease. Rent £20,000 per annum payable quarterly in advance. £5,000 Rent deposit payable to landlord.

Brochures

349 Promenade, Blackpool, FY1 6BJ

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.3 miles
  • Blackpool Pleasure Beach Station0.9 miles
  • Blackpool North Station1.4 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. In addition 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 011488. 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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