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12 Bedroom, Excellently Positioned B&B In Desirable Coastal Town For Sale

Eastbourne, East Sussex
Asking Price:
£699,500 Furniture / Fixtures and Inventory / Stock included
Turnover:
£80,000
Net Profit:
£50,000

Previously marketed in 2018 at £775,000, now priced to sell at £699,500, looking to retire.

Established and well-maintained B&B/guesthouse in busy, popular tourist town of Eastbourne.
12 bedrooms set over 4 floors of which 8 ensuite are actively marketed on all the main accommodation websites. There are a further 4 bedrooms (3 ensuite) for private use which could be easily added to the letting portfolio.

Large guest lounge, 22 cover dining room, fully fitted kitchen, private lounge (small storage room off) and office leading to private, decked outside space.

Rear car park for 3 vehicles.

Excellently located (see video upload), 40 metres from seafront and 100 metres from famous Bandstand. Close to town centre, Art Gallery, Theatres, Conference venues and Eastbourne Tennis Centre.

Husband and wife operated. Turnover c.£80,000. Simple, profitable business maintained to a high standard. Strong repeat business with overseas and wide visitor demographic. Continually upgraded including £8,000 spent on roofing work in February 2019.

Eastbourne is currently undergoing a £50 million pound plus development investment in the main Shopping Centre, Theatre District, Seafront and World Famous Tennis Facility.
Key activities in the year include Conferences, Eastbourne Tennis, August Airshow, October Beer Festival, Bonfire Procession, Car Rallies, Cycling, Beachy Head Marathon etc. The Famous Bandstand is amongst the busiest in Britain with tradional performances as well as popular tribute nights throughout the year.

If interested, please contact the seller through the form on this page.

Property information

Property:

Freehold

Living Accommodation:

See main description.

Location:

40 metres from Seafront, 2 minutes from Theatres, 6 minutes from Town Centre

Premises Details:

5 storey Victorian building, brick with rendered elevations

Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Expansion Potential:

Potential to upgrade to Boutique Style accommodation or floor conversion to Self Catering.
Currently minimum winter trade.

Competition / Market:

One of a handful of small B&Bs in this central location

Reasons for selling:

Retirement

Employees:
0
Years established:
70

Other Information

Support & training:

Willing to discuss

Furniture / Fixtures value:
£70,000 - included in the asking price
Inventory / Stock value:
£1,000 - included in the asking price
Website:
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Contact Information

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