Atlantis Guest House In Southend on Sea For Sale

Business description

Offers Around: £495,000 Freehold

Elegant Victorian townhouse in conservation area overlooking bowling green. 4 en-suite letting bedrooms and 2-bedroom owners’ accommodation. Strong commercial and leisure trade providing comfortable lifestyle. Healthy profits on T/O £64,674. For those seeking a Guest House that provides a comfortable lifestyle and owners’ accommodation to match, the Atlantis offers both. It enjoys a location in one of Southend’s elegant Victorian conservation areas, overlooking a bowling green and adjacent to other properties of a similar ilk. When refurbished, much of the period character remained, including decorative fireplaces, sash windows to the front and attractive chequerboard tiling to the steps rising from the road outside. The convenience of a busy town centre on the doorstep and seven miles of Blue Flag beaches within easy reach just add to the appeal. Southend-on-Sea is one of the chief commercial centres along the Essex coastline, being the base for major employers such as Arriva and HM Revenue & Customs along with service centres for the banking world. Situated at the mouth of the Thames Estuary only 43 miles from London, it has also long been a popular destination for the traditional family seaside holiday. There are many varied attractions, such as award-winning gardens, splendid shopping facilities, the world’s longest pleasure pier and theatre and musical performances. Southend has something for everyone. Combine the two and you not only have strong leisure trade but also year-round commercial trade. Since purchasing the Atlantis in 2004, the current owners have invested a considerable amount of hard work and capital into developing the business. Their labours have borne fruit as the business shows a very strong turnover; some 16% up in 2007 compared with the same period in 2006. They now feel, however, having enjoyed their time at the Atlantis and created a simple-to-run and profitable business, that the time is right to move on to a larger challenge. This therefore creates a splendid opportunity for new owners to capitalise on their achievements and also to enjoy the lifestyle that the Atlantis provides.

THE PROPERTY
Atlantis Guest House is an elegant Victorian terraced townhouse being of brick construction with pitched slate roof with accommodation provided on four floors.

PUBLIC AREAS
Black & white tiled steps rise up from Alexandra Road. Entry via the front door leads into the Reception Hall which has natural wood flooring, dado and picture rails. Doors lead off to the refitted Kitchen and Breakfast Room (11) with bay window and decorative fire surround, and also to the Lower Ground Floor.

LETTING BEDROOMS
Four letting bedrooms to sleep 9: 2 double, 1 twin and 1 family room (double & single) are provided over the 1st and 2nd floors, each with en-suite shower/wc. All rooms have central heating, colour television, tea & coffee making facilities, hairdryer and WiFi access.

OWNERS’ ACCOMMODATION
There is comfortable accommodation for owners located on the lower ground floor, including 2 double bedrooms (one of which was previously used as a separate lounge). One bedroom has an en-suite shower/wc. There is also a study area/office.

SERVICE AREAS
Smart kitchen on the ground floor and separate laundry room/store to the lower ground floor.

OUTSIDE
Rear garden with crazy paved terrace and lawn, with vehicular access and parking for 2 cars. SERVICES Southend-on-Sea Borough Council. Mains gas, electricity, water & drainage. Gasfired central heating.

TRADE
Our clients’ management profit & loss accounts for year ended 31 March 2007 show net income of £64,674 with an adjusted net profit of £31,153. This shows a significant improvement on turnover compared to the previous year.

PRICE
Offers around £495,000 are invited for the freehold property, complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

FINANCE
In terms of arranging suitable finance to facilitate a purchase, we are in touch with a variety of different brokers and lenders specialising in all aspects of the hotel, hospitality and pub sector, and will be pleased to introduce them to prospective purchasers on request.

DIRECTIONS
Chelmsford 20 miles, London 43. From Southend Pier take the left-hand turning which rises into Pier Hill then left onto Royal Terrace. Turn right into Royal Mews and at the junction turn right into Alexandra Road. The Atlantis Guest House can be found to your left overlooking the Bowling Green, but from here you must follow the one-way system to your right which will bring you back on yourself after turning left into Grover Street etc.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold