Promenade, Blackpool, FY1 6AJ

Property Features

  • PROMENADE 45 BED LICENSED HOTEL
  • ALL ROOMS EN-SUITE
  • LIFT TO ALL FLOORS / EPC RATING C
  • EXTENSIVELY REFURBISHED IN 2017
  • INDICATIVE ACCTS CIRCA £350K +
£99,950
  • Availability: Under Offer
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Full Details


- CENTRAL PROMENADE - 45 BEDROOM LICENSED HOTEL WITH LIFT - SEA VIEW BALCONY ROOMS - GROUND FLOOR GUEST ROOMS - 2 BEDROOM MANAGERS APARTMENT - PARKING FOR 6 VEHICLES - PUBLIC LICENSE - ACCESS TO THE RESTAURANT FROM THE PROMENADE - FREEHOLD AVAILABLE AT £485,000 - VERY STRONG CUSTOMER REVIEWS - TRANSFORMATIONAL YEAR IN 2017 - OUTSTANDING ACCOUNTS & PROJECTED ACCOUNTS

Located on Blackpools famous Promenade is this substantial family owned hotel business which comprises 45 En-Suite bedrooms.

During the last 18 Mths the business has enjoyed quite significant growth; this is clearly the result of undergoing a significant overhaul in the accommodation in the 2017/2018 close season.

Consequently this growth is now able to demonstrate initial 1st year turnover at £280,000 with indicative projected trading figures for the season 2018/2019 in the region of £350,000 +

A finely honed Restaurant which is quite magnificently appointed, offers a full waiter service providing Dinner, Bed & Breakfast.

Further un-tapped opportunities exist for 'walk-ins' from the Promenade into the Restaurant facility with a number of nearby operators maximising this additional revenue stream.

The property is fitted with a lift and some of the guest rooms benefit from balcony frontages overlooking the Irish Sea. The hotel booking website reviews have, on the whole, been extremely complimentary about the service delivered from the present owners. This is reflected in advance bookings.

GROUND FLOOR:

Entrance vestibule to the Reception & Office fitted with a welcome desk and a selection of office desks and shelving.

Sun Lounge

Bar & Bar Lounge - Extensive in size which is clearly the focus of the ground floor public space with Multi Screen TV's strategically placed around the seating area. Tall in design bar tables & chairs, corner upholstered seating and a games area. Elevated stage area and dance floor offer the opportunity for theme nights and live performances.

An impressive and imposing Bar fitted with a large compliment of bar equipment and sundries to include Pumps & Optics.

GROUND FLOOR GUEST ACCOMMODATION

4 Double Bedrooms - En Suite ----- 3 Single Bedrooms En-Suite

LOWER GROUND FLOOR WITH EXTENSIVE NATURAL LIGHT

Beautiful open plan restaurant with tables and chairs with an entrance that leads immediately onto The Promenade. Waiter station which houses coffees and utensils.

Kitchen - Extremely well sized and extensively equipped with a range of commercial catering equipment. Walk In Fridge, Dry Store.

PRIVATE:

2 Bedroomed Managers Apartment

FIRST FLOOR:

2 King Size Rooms - En suite ----- 2 Double King Size Rooms - En Suite ----- 3 Family Bedrooms - En Suite ----- 3 Single Bedrooms - En Suite ----- 2 Double Bedrooms - En suite - 1 Twin Bedroom - En Suite

SECOND FLOOR:

6 Double Bedrooms - En Suite ----- 5 Family Bedrooms - En Suite ----- 1 Single Bedroom - En Suite

Linen Room ----- Boiler Room

THIRD FLOOR:

7 Double Bedrooms - En Suite ----- 4 Family Bedrooms - En Suite ----- 2 Single Bedrooms - En Suite

EXTERIOR: Front Patio Seating - Disabled Ramp - Parking For Appx 6 Vehicles

FACILITIES:

Each guest room is equipped with TV's, Tea & Coffee Facilities and Room Refreshments.

SERVICES

We are informed that the building has 3 operational central heating boilers that were installed in 2017. Lift Maintenance Contract In Place.

BUSINESS:

We are informed that trading information will be made available demonstrating 1st Year (post refurbishment) turnover at £280,000, with a projected turnover for 2018/2019 IRO £350,000 +

TENURE:

We are advise there is a Lease with 13 Years remaining with a further option to renew. Option to purchase freehold in the existing lease at £385,000. When added to this lease cost the total purchase price is £485,000.

Rent £30,000 Per Annum.