Development Sites for sale in Blackpool

View the "INVESTMENT HOTEL & COACH HOUSE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £174,950 Sale Agreed
Request Details
Business Description
• ESTABLISHED TENANTS IN PLACE
• SUBSTANTIAL IN SIZE / EPC RATING D
• INCOME £17,442 PER ANNUM
• RENT REVIEWS IN PLACE
- INVESTMENT HOTEL & SEPARATE COACH HOUSE - LONG STANDING BUSINESS TENANT IN PLACE - ABOVE AVERAGE SIZED PROPERTY FOR THE IMMEDIATE AREA - INTEGRAL GARAGE - RENTAL INCOME AT PRESENT £17,442 PER ANNUM - RENT REVIEW DUE IN 2021

A stunning property absolutely steeped in character and aesthetically quite outstanding to the eye.

This investment opportunity comprises 2 separate buildings forming one whole agreement.

Part 1 - Comprises a 16 bedroom all en-suite hotel with customer parking for 13 Vehicles
Part 2 - Is a rear coach house arranged as open plan 3 bedroom split level accommodation with open plan Kitchen /Lounge / Diner.

Both these parts are let and secured on a lease which commenced in 2015 for a period of 7 Yrs at a present rental of £17,442 Per Annum. A rent review is due in 2021. There is an option to extend the lease upon expiry of the existing lease.

The tenants have an extremely strong customer base. At the time of writing the hotel scores excellently on Trip Advisor/Booking.Com and boasts a 5* Hygiene rating. The tenant is registered for VAT.

HOTEL SPECIFICATION - Note Fixtures & Fittings are the property of the tenant.

GROUND FLOOR:

Entrance to Hallway, leading to MAIN BAR LOUNGE with an open plan design, Karndean flooring, customer seating and significant BAR fitted with pumps and optics. Double doors leading to rear car park.

DINING ROOM - arranged with a selection of tables and chairs each with full table settings and includes Karndean flooring KITCHEN - of excellent proportion and extensively equipped with a full range of catering/commercial equipment suitable for the preparation of dinner, bed and breakfast. Separated WASHING UP area. Separate PANTRY/STORE all with high quality non-slip flooring.

LOWER GROUND FLOOR - Room 1 - Lounge Area – Two additional rooms currently used for Laundry and Storage - Separate Bathroom - Separate Bedroom

FIRST FLOOR:

4 Double Bedrooms - En Suite - - -3 Family Rooms - En Suite - - - 1 Twin/Triple Bedroom - En Suite - - - 2 Single Bedrooms - En suite - - - Landing W.C.

SECOND FLOOR:

4 Double Bedrooms - En Suite - - - - - 1 Family Bedroom - En Suite - - - - 1 Twin/Triple Bedroom En-Suite

Each guest room has TV and Tea/Coffee facilities, shaver plugs, hair dryers and individual heating.

The property has central heating to the ground floor and is majority UPVC. Carpets and underlay in the public areas are high quality. L2 fire system, intruder alarm and all relevant, gas, electric and fire certificates etc.

REAR PRIVATE COACH HOUSE -

A very cleverly designed open plan arrangement with first floor gallery landing overlooking the ground floor living spaces.

Very generously sized and great family home.

Integral Garage

EXTERIOR:

Driveway entrance to Gated Archway with rear parking for appx 13 Vehicles.

BUSINESS:

Tenant secured by way of a 7Yrs Lease with an option to renew at a present rent of £17,442 Per Annum. Next rent review 2021..
Tenure: Freehold

Location Details: Alexandra Road, BLACKPOOL, FY1 6BU

Listed by: Broomheads Commercial Estate Agents

Find out more about this business opportunity.

 
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broomheads_ALE22IC
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