SUPERB 19-BEDROOM PRIVATE HOTEL.

Price:

Freehold - £1,400,000

Seller Ref:

H26070T

Location:

East Sussex

Business Type:

Commercial Property, Hotels

See Other:

Bed & breakfasts for sale in East Sussex
Hotels and motels for sale in East Sussex
Guest houses for sale in East Sussex
Pubs and hotel property for sale in East Sussex
Hotels for sale in East Sussex
Commercial property for sale in East Sussex

Description:

THE BUSINESS:

This very attractive and imposing Victorian property is situated in a prime position just 200 metres from the seafront and a 10-minute walk from the shops. pubs. clubs and restaurants of Hove town centre. The ever-popular centre of Brighton is also only a short distance away.

The hotel has 19 guest bedrooms all with TV. direct-dial telephones and private bathrooms. Additional guest facilities include a comfortable and inviting lounge/dining room with a built-in licensed bar. The current owners occupy a private room with separate bathroom on the ground floor. However. there are many possibilities for extending the private accommodation. if new owners so wished. The entire property has been decorated and maintained to a very high standard and benefits from gas-fired central heating throughout. This is a very well-established business which achieves bookings from a variety of different sources including its own well-maintained website with online booking facility.

While catering for both the business and leisure traveller. the hotel is at its busiest between May and September charging peak season rates during this period. The hotel is currently managed by two full-time owners with the assistance of one part-time employee.

Accounts for the financial year ended 31st July 2011 show a Turnover of £195.814 and a Gross Profit of £168.589. Adjusted Net Profit is calculated to be in excess of £100.000.

Although this is already a highly profitable business. it is thought that the current occupancy rates leave ample opportunity for improvement with a more proactive marketing approach. Also. the spacious dining room which is currently used only for breakfasts. offers many other catering possibilities with potential additional income.

Freehold £1.400.000. Ref: H26070T

Full sales details available at www.emfgroup.com

Accommodation:

Yes