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Year Round Self Catering Holiday In Skegness Flats For Sale

Skegness, Lincolnshire
Asking Price:
£345,000
Sales Revenue:
£25,000
Cash Flow:
Available on request

Business

Hilton Smythe welcomes to the market The Chadwick Self Catering Holiday Flats, which is set in a Victorian terrace house overlooking the sea on South Parade, Skegness.

Being self-catering holiday flats, The Chadwick, has a slightly different clientele from most bed and breakfast accommodation, having many returning customers, which are mainly families and couples.

The Chadwick has been in our client’s ownership for around 10 years now and was self-catering holiday flats for many years before our client took over.

During the spring, summer and autumn the flats are let out at a daily rate, whereas in the winter months they are let long term, usually to local static home owners, who can only live in their static homes for 10 or 11 months of the year. This means that The Chadwick has all year-round clientele, unlike many B&Bs.

The Chadwick has its own website and has current rates as follows

High season rate, March to September, £90 per night for the family apartments and £70 per night for the bed sits

Low season rate, October – December, £70 and £50 respectively.

Winter weekly rate of £200 and £100 respectively.

There are many reasons to buy:
Established business
Generous sized owner’s accommodation
Year-round bookings

There is scope for development:
Creation of a social media page to increase profile of the business
Sign up to LateRooms, Trivago, Booking.com etc

Hilton Smythe highly advise early viewing to avoid disappointment

Location

The Chadwick Holiday Flats are located in Skegness with sea views to the front.

Being located on South Parade The Chadwick has beautiful views across the foreshore and to the sea.

The building is only a few minutes’ walk from the town centre and attractions that Skegness has to offer.

Skegness is Lincolnshire’s most well-known sea side holiday destinations, bringing in 100’s of tourists throughout the year.

Premises

UPPER GROUND FLOOR With steps at the front to an OUTER PORCH with pvc double doors

HALL With Upvc entrance door, radiator

Linen Store and gas central heating boiler.

FLAT 1 (sleeps 5/6) HALL; LOUNGE/DINER with square Upvc bay window to the front elevation, sofa bed; BEDROOM (double & single) with radiator; Galley style KITCHEN with base and wall units, gas cooker, Upvc window; BATHROOM with shower and screen over a shower bath, hand basin, W.C, radiator, tiled surround, Upvc window.

FLAT 2 (sleeps 2) HALL; SHOWER ROOM with tiled walls and shower enclosure, W.C, hand basin, radiator, extractor, Upvc window; BEDROOM (double) plus sofa, radiator, Upvc window to the side elevation, electric fuses; KITCHEN with base and wall units, roll edge worksurfaces with tiled splashbacks, gas cooker, Upvc window, radiator.

1ST FLOOR LANDING With radiator

FLAT 3 (sleeps 2) HALL; SHOWER ROOM with tiled shower enclosure and shower, tiled walls, radiator; W.C with hand basin, W.C, radiator, Upvc window, tiled walls; BEDROOM (double) plus sofa with 2 radiators, Upvc window to the side elevation, electric fuses; BREAKFAST KITCHEN with base and wall cupboards, stainless steel sink unit, gas cooker, Upvc window to the rear elevation, electric fuses, radiator

FLAT 4 (sleeps 5) HALL; LOUNGE with radiator, sofa bed Upvc window and Upvc door to the BALCONY with fabulous sea and foreshore views; Inner Hallway/dressing room; breakfast kitchen With Upvc window to the front elevation, base and wall cupboards, gas cooker; BEDROOM (double & single) with Upvc window, radiator; BATHROOM with bath with shower and screen over, hand basin, W.C, radiator, extractor.

2ND FLOOR LANDING With Upvc window

FLAT 5 (sleeps 6) HALL; LOUNGE with radiator, sofa bed, Upvc window and Upvc door to the BALCONY with fabulous sea and foreshore views; BREAKFAST KITCHEN with Upvc window to the front elevation, base and wall cupboards, gas cooker; BEDROOM (single) with radiator and bunks, BEDROOM (double) with Upvc window, radiator; BATHROOM with bath shower and screen over, handbasin, W.C, radiator, Upvc window.

LOWER GROUND FLOOR

OWNERS FLAT

REAR HALL With opaque Upvc door, Upvc window.

BATHROOM 7’1” x 5’9” (2.15m x 1.75m) With shower bath with screen and two shower heads (one raindrop), Upvc window, hand basin, W.C, attractive tiled walls and floor, vertical towel radiator, downlights.

KITCHEN 23’7” x 8’10” (7.18m x 2.69m) overall. With base and wall units, roll edge worksurfaces with tiled splashbacks, stainless steel sink unit, Upvc window, tiled surround, spaces for washing machine and dishwasher, gas central heating boiler, space for fridge freezer, space for dryer, 2 storage cupboards, with the insulated hot water cylinder serving all but flat 5.

HALL With radiator, stairs leading off, tiled floor, office space and built in cupboards under the stairs.

Conservatory / sitting room 16’ x 10’ (4.87m x 3.04m) with opaque polycarbonate roof, pvc double doors and screens to the rear garden, radiator, wood effect flooring, Upvc sliding doors to the:-

DINING / SITTING ROOM 13’3” x 14’ (4.03m x 4.26m) including chimney breast. With feature rustic beam to the chimney breast, original floor tiles, radiator.

BEDROOM 1 13’ x 10’6” (3.96m x 3.2m) With picture rail, Upvc window, point for radiator, window to the front elevation.

BEDROOM 2 9’7” x 13’ maximum (2.92m x 3.96m). With Upvc window to the front elevation, radiator.

OUTSIDE

To the front is a pleasant block paved sitting area bordered by a low wall. Vehicle access is to the rear with 6 car spaces from Drummond Road.

GARAGE 26’ x 10’4” (7.92m x 3.05m) of sectional concrete construction, up and over vehicle door, corrugated roof, light and power, metal door.

Laundry shed With washing machine and dryer, power.

Garden shed with light, further enclosed courtyard, cold water tap, exterior lighting, paved yard and garden areas.

Tenure

We are advised the business is being sold as a freehold business opportunity
Our clients inform us that they pay business rates at £740 per annum and council tax at £1110 per annum

Hours
Year Round

Staff
The business is run and managed by our client

Financial Profile

The Chadwick Self Catering Holiday Flats generate an advised turnover of circa £25,000
The assets being sold with the business are worth in the region of £25,000

Property information

Property:

Freehold

Contact Information

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