Bed & Breakfasts for sale in Brighton

View the "LEASEHOLD LICENSED BOUTIQUE HOSTEL" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Leasehold Price: £249,950 Annual Turnover: £199,000 Annual Net Profit: £50,000
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Business Description
A superb example of a modern boutique hostel probably one of the most attractive and well-equipped Hostels on the South Coast. The concern is located literally within a few minutes walk of the Royal Pavilion and Brighton city centre. Due to its phenomenal location it is ideally positioned for guests to explore Brighton and this is demonstrated by its 70% occupancy rate throughout the year. The business has been in the same vendor’s hands for just over 18 months and has a 3* rating with Visit England, 8.2/10 rating on Booking,com, 4.5/5 on Trip Advisor and 4.5/5 rating on Air BnB to name but a few. The business only now comes to the market due to the vendor’s family commitments
Number of Employees: 2 full time and 3 part time

Tenure: Leasehold

Support & Training: yes

Location Details: City centre

Leasehold Term:
A full repairing and insuring lease was granted for a period of 21 years from the 25th day of March 1999, the current rent passing is £35,000 per annum, exclusive with upward only rent reviews at 4 yearly intervals. We understand that the landlord is prepared to grant an extension or indeed a new lease if required by a prospective purchaser. All negotiations concerning this could be agreed before completion, subject to status

Listed by: Watkins Commercial

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6413H
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