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Hotel
and leisure
business for sale
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| The hotel
has 24 Letting Bedrooms includes 21 en-suite, 1 with
private facilities and bar lounge about for 100
persons. |
The restaurant seating for 80 people. The function room
seating capacity between 90 to 100 people. Conservatory
seating capacity 60. Finally vendor 4 bed house available.
This is an unique and great opportunity to buy a ready made
property investment portfolio of 15 residential properties
with a huge potential for future improvement and at present
with 5% return on rental.
The 15 terraced house in the portfolio has all been
refurbished during 2006/2007 and have been modernised to a
very high quality. All are occupied with great long-term
tenants at a total rental income of £65,220.00 per annum.
All this properties of vendor operated buy to let properties
is in a well settled.
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HAMPSHIRE HOTEL FOR SALE
- Hythe Marina and Passenger Ferry approx. 1¼ miles. Farley Oil Refinery
approx. 3 miles. Beaulieu National Motor Museum within 5 miles.
Limington approx. 10 miles. Southampton City Centre approx. 12 miles.
Bournemouth approx. 30 miles. Fringe of Forest location. Established
commercial & wedding business. Generous plot of just over 1 acre
providing extensive parking facilities. Unbroken ownership for 23 years.
Genuine retirement sale. Arranged over 2 floors only. Recently
refurbished letting bedrooms. Rare opportunity. 24 Letting
Bedrooms Bar Lounge (approx. 100 persons). Restaurant (seating 80
persons). Conference Room/Function Room (seating 90/100 covers).
Conservatory (seating 60). Owners 4 bedroom House (available in addition
if required).
ASKING PRICE:
£1250000
CONTACT:
01202 550000
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23 BEDROOM FREEHOLD HOTEL
The Albemarle Hotel is located
in a prominent and highly desirable, corner site trading position on
Albemarle Crescent, close to the centre of the thriving seaside town of
Scarborough within North Yorkshire. This freehold hotel business
occupies substantial five-storey premises with an attractive wide
frontage and ample car parking facilities in the vicinity. It is within
walking distance of all the town centre venues and amenities, as well as
the railway station, beach and famous Spa Complex. Scarborough is a
haven for visitors and tourists all year round with an abundance of
award winning attractions in close proximity, including two splendid
bays, an ancient castle, sandy beaches, harbour, magnificent gardens and
charming Victorian cliff lifts. The hotel is also an ideal base for
exploring the Heritage Coastline as well as the stunning scenery of the
North Yorkshire Moors. The area is easily accessible less than one hours
drive from either York, Whitby or Bridlington. Preferred Commercial is
delighted to offer for sale this desirable freehold hotel business in
such a prime trading location, close to the centre of Scarborough. The
Albemarle Hotel has been established for over eighty years and has
incorporated two hotels, which have been tastefully integrated to form
an impressive 23-bedroom establishment. There are spacious public areas
with a ground floor fully-fitted Lounge Bar, as well as a 66-cover
dining area on the lower ground floor, adjacent to an extensive
commercial kitchen and preparation rooms. Currently the business is
operated at a restricted pace to suit our client, achieving an annual
turnover of £62,000 on a bed and breakfast only basis. There is immense
potential to develop the catering side of the business with the
introduction of evening meals or a full restaurant. In addition, the bar
is not currently operational and offers further scope to increase
turnover. Due to the size of the hotel, and being so accessible to the
town centre, there will certainly be demand in the area for a more
versatile establishment. This is a unique opportunity to purchase such a
impressive freehold property offering genuine potential for the future.
Early discussions with Preferred Commercial must come highly
recommended.
FREEHOLD:
£576000
CONTACT:
08448 711 484
World Business For Sale
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