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Best Western Plus Citrus Hotel Eastbourne, King Edward's Parade, Eastbourne, BN21 4EB

£1,950,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

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

Description

The Best Western Plus 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.

Location

The Best Western Plus 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.

Internal Details

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 & Fittings

All fixtures and fitting are included in the sale.

Letting Accommodation

Bed room configuration:
* Family Studio: 2
* Double: 14
* Twin: 12
* Single: 10
* Triple: 2
* Family: 2
* Suite: 5
* Double/Single Suite: 3
* TOTAL: 50

External Details

The property has access to a courtyard for bin storage via an alleyway to the rear of the hotel.

Owner's Accommodation

There is no owner's accommodation on site.

The Opportunity

Rarely 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 Information

Net turnover to year end 31st March 2024 £1,057,775.
* Occupancy £68.2%
* ARR: £80.03

Tenure

The hotel is being sold freehold as a Trading Going Concern (TOGC) on an asset sale basis.

Business Rates

Rateable Value: £TBC

Brochures

Best Western Plus Citrus Hotel Eastbourne, King Edward's Parade, Eastbourne, BN21 4EB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Eastbourne Station0.6 miles
  • Hampden Park Station2.2 miles
  • Pevensey & Westham Station4.2 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.

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Notes

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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.

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