Goadsby Commercial present sought-after East Cliff location. Celebrity themed rooms. Generous plot of 0.78 acre. Extremely well equipped. Hospitality trays and Wi-Fi to each letting bedroom. Air conditioning to public areas. Extensive function facilities. Key card room entry. Re-roofed in present ownership. 8 person passenger lift with level access to all floors. Ongoing refurbishment programme. Separate laundry lift. Genuine retirement/ill health sale.
LOCATION
Cliff Top lift to beach approximately 350 yards. Central business District approximately 500 yards. Travel Interchange just over ½ mile. Bournemouth International Centre within ¾ mile. Bournemouth International (Hurn) Airport approximately 7 miles.
SUMMARY OF ACCOMMODATION
59 Letting Bedrooms (all en-suite). Restaurant (130). Function Room (80). 3 Lounges. Leisure Suite (unused). Extensive Kitchens. On Site Laundry.
TRADING & BUSINESS
With a management team in place, to the year ended April 2022 a turnover of £1,104,285 was recorded yielding an adjusted net profit of £311,402.
LICENCES/PERMISSIONS
We are informed that a Premises Licence, Public Entertainment Licence and civil wedding licence are held.
TENURE
MEYRICK ESTATE GROUND LEASEHOLD. The property is held on a Meyrick Estate Ground Lease expiring on 25th March 2049, at a current rent of £9,083.08 per annum subject to 7 yearly reviews.
