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Licensed Promenade Hotel

New South Promenade, Promenade, Blackpool

£750,000 (Freehold)
£20,000 (Leasehold)

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Licensed Promenade Hotel

Hotels / Guest Houses/Bed & Breakfast

REF H9541


DESCRIPTION   Substantial Licensed Promenade Hotel with 30 en suite bedrooms trading hotel with licensed bar and dining room/sun lounge with approximately 80 covers plus front and side parking. The property has 2 bedroom owners accommodation with lounge, kitchen and bathroom. Available freehold or Leasehold, new 15 year Full Repairing and Insuring lease, rent £30,000 pa.

LOCATION  Situated in a prime location on New South Promenade immediately south of the Pleasure Beach. It fronts onto the Promenade with a return frontage to Wellington Road West giving it a particularly strong profile in terms of passing pedestrian and vehicular trade.

ACCOMMODATION
Ground Floor: Reception; reception office off; dining room; bar lounge; kitchen; Private Accommodation: 1 en suite double bedroom;

First Floor: 14 en-suite double or family rooms.

Second Floor: 15 en-suite double or family rooms

Exterior: Car parking to front and side elevations.

BUSINESS The business is equipped to cater for up to 100 guests. All trade equipment will be included in the transaction. A full inventory will be prepared prior to exchange of contracts. The turnover is in excess of £200,000 per annum. Full details of the trading accounts are available after an initial viewing and meeting with the owner.

TENURE Freehold or Leasehold. A new 15 year lease on an FRI basis with 3 year rent reviews is available, other terms to be negotiated. The incoming tenant is to be responsible for the landlords reasonable legal costs incurred during the transaction. BUSINESS RATES 2017 RV: £28,750 Rates payable to be confirmed

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

Grand Beach Hotel, 565-567 New South Promenade, Blackpool FY4 1NF

The particulars set out in these details have not been produced by Kays Commercial Estate Agents and as such we can give no representation or warranty in relation to their accuracy.

Tenure Type: Both
Private Living: Yes