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Yellow Mountain Hotel, South Parade, Skegness, PE25 3HR

Guide Price
£500,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 20 en suite beds, bar & staff accommodation
  • Prominent sea facing aspect
  • Recently redecorated & reopened
  • Good sized lounge & dining area
  • 1 bed owner's accommodation with living room
  • Energy Rating C
  • Christie & Co Ref: 5740700

Description

Description

The property is a period, four storey, double fronted hotel with forward facing views towards the sea, 20 en suite bedrooms, three bedroom staff accommodation and bar.

Location

The Yellow Mountain Hotel provides an excellent opportunity for those seeking an ideally located seaside town business. It is well positioned within the busy tourist hot spot of Skegness on South Parade and has recently undergone some improvement works.

It is reported over four million visitors visit the coastline and Lincolnshire Wolds the area each year with 2023 being the highest ever recorded spend (Lincolnshire Live 10th September 2024). The area is easily accessible by car, bus or train and is littered with things to do for all tastes.

Internal Details

To the ground floor there is a welcoming entrance hall which leads to a dining room and lounge area with a bar. There is also a good-sized commercial kitchen, further reception room, toilets and storage rooms.

Other Floors

To the third floor there is staff accommodation and access to the loft.

Letting Accommodation

The guest rooms are located on the first and second floors and we understand are all double rooms or family rooms with ensuites. Some of the front aspect rooms have balconies. We understand that all of the rooms have keyless entry, TV’s and tea and coffee making facilities. It should be noted that we were unable to gain entry to all rooms to verify this and we would recommend the buyer makes their own checks in this and in other regards.

The Opportunity

At the time of writing, the property has recently undergone some cosmetic improvement works, and it has reopened for business. The hotel is well positioned within the town to take advantage of the tourist and workers’ trade.

Brochures

Yellow Mountain Hotel, South Parade, Skegness, PE25 3HR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Skegness Station0.5 miles
  • Havenhouse Station3.3 miles
  • Wainfleet Station5.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

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.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5740700-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.

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