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Character Hotel In Bournemouth For Sale

Bournemouth, Dorset
Asking Price:
£1,100,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

FEATURES
Character building dating back 1860. Prime central trading location. Sea glimpses from upper floors. Re-tiled roof. Strong forward bookings. Extensive UPVC double glazing. 8 camera CCTV system. Guest use Wi-Fi. On site car parking. Further business potential. Retirement sale after 30 year ownership.

SUMMARY OF ACCOMMODATION
18 Letting Bedrooms (17 en-suite, 1 with private facilities). Residents Lounge (10 persons). Restaurant/Bar (50 covers). Independent 2/3 bed Owners Flat.

LOCATION
Cliff Top within 300 yards. B.I.C. within ¼ mile. Bournemouth pedestrianised Shopping Area within ¼ mile. Bournemouth Pier within ½ mile. Travel Interchange within 1½ miles.

TRADING & BUSINESS
The owners now take a less active role in the business, however, at the time of going to print £100,000 of advance bookings were in hand. To the year ended February 2017 a turnover of £219,588 was recorded exclusive of VAT. It is felt there is potential to increase this figure.

LICENSING/PERMISSIONS
We understand a Premises Licence is held. We are informed that the owners have sought pre-application advice from the local authority who have indicated support to extend the property and create either 5 apartments or 12 additional bedrooms.

Property information

Property:

Freehold

Living Accommodation:

18 Letting Bedrooms (17 en-suite, 1 with private facilities). Residents Lounge (10 persons). Restaurant/Bar (50 covers). Independent 2/3 bed Owners Flat.

Location:

Cliff Top within 300 yards. B.I.C. within ¼ mile. Bournemouth pedestrianised Shopping Area within ¼ mile. Bournemouth Pier within ½ mile. Travel Interchange within 1½ miles.

Premises Details:

18 Letting Bedrooms (17 en-suite, 1 with private facilities). Residents Lounge (10 persons). Restaurant/Bar (50 covers). Independent 2/3 bed Owners Flat.

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement sale after 30 year ownership.

Contact Information

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