FREEHOLD 14-BEDROOM HOTEL occupying a PRIME SEAFRONT POSITION that is located in CLACTON-ON-SEA. The property benefits from SEA VIEW BEDROOMS along with a 24+ COVER DINING ROOM, RESIDENTS LOUNGE, and CAR PARK, and also includes a FULLY EQUIPPED KITCHEN. The business had been under the SAME FAMILY OWNERSHIP FOR 40+ YEARS before our client purchased through Bradleys Countrywide in 2021 with plans to improve and modernize. Due to unforeseen circumstances, the property is reluctantly brought to market with a GENUINE REASON FOR SALE. The property is only PARTIALLY RENOVATED and is IN NEED OF INVESTMENT with MAJOR WORKS to convert ALL EN-SUITE rooms. We feel there is a HUGE POTENTIAL and PLENTY OF SCOPE for the hotel with POSSIBLE DEVELOPMENT OR CONVERSION TO RESIDENTIAL subject to planning or TERM HOLIDAY LETS of an AIRBNB style.
Location
The hotel is positioned directly on the seafront, close to the pier and attractions of this densely populated and highly frequented tourist location. The hotel is also within easy walking distance of the town center where you will find all the major high street retailers, along with banks, offices, and a vibrant mix of independent businesses.
Entrance Hall
Currently arranged to provide an open-plan Reception Area with a small office and a Communal Lounge area with wall-mounted TV, open fire, and comfy leather sofas. Within the entrance hall, there was previously a Bar which our client no longer utilizes. On the left-hand side of the entrance hall is the Dining Room arranged to accommodate 24+ covers. The ground floor also has 1 x Private Bedroom with Shower (This room can be left).
Bedroom 1
BEDROOM (1) Family. En-suite. Room rate from £60.
Bedroom 2
BEDROOM (2) Double. En-suite, bath & shower. Room rate £70.
Bedroom 3
BEDROOM (3) Single. Room rate from £40.
Bedroom 4
BEDROOM (4) Single. Stripped out in need of full refit and refurbishment.
Bedroom 5
BEDROOM (5) Double. Sea view, bay window. Room rate from £60 in need of light refurbishment and decoration.
Bedroom 6
BEDROOM (6) Single. Sea view. Room rate from £40.
Bedroom 7
BEDROOM (7) Family room. Stripped out and in need of full refit and refurbishment.
Bedroom 9
BEDROOM (9) Single. Room rate from £40.
Bedroom 10
BEDROOM (10) Double. Room rate from £60.
Second Floor
Formerly 5 bedrooms and currently work has been started to create 4 large en-suite bedrooms. The framework is in place but all are stripped out and in need of full refit and refurbishment.
Please note: Bedrooms 3,4,5,6,9 and 10 have use of shared bathrooms with double showers and separate toilets located on the First Floor and Second Floor.
Private Residence
The private residence has a large, open-plan kitchen that serves the hotel and is fully equipped with stainless steel prep tables, CCTV, commercial extraction, sink unit, 8-burner cooker with double oven, American double fridge, griddle, upright fridge-freezer, 4-slice toaster, and 2 microwaves. There is an additional room, currently used as storage, which could have the potential to be another bedroom. In the private residence, a separate toilet and a Laundry Room consist of 2 washing machines, 1 commercial dryer, 1 domestic dryer, a chest freezer, a dishwasher, and a roller iron. A rear door provides access to a garden with a shed, and greenhouse and can be used for parking for up to 3 cars.
Trading Hours
All year-round trading 24/7 - Owner run.
Turnover
Full financial information will be made available at our client's discretion on or after a meeting.
Business Rates
The premises are subject to a rateable value of £12,500.
Legal Fees
Each party is to be responsible for the legal costs incurred in the transaction.
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is in no way guaranteed, and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.
