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Profitable Limited Service Hotel In Fareham For Sale

Fareham, Hampshire, UK
Asking Price:
£1,750,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Profitable Limited Service Hotel In Hampshire Coast

Features
Goadsby Commercial present highly profitable bedroom led operation. Prominent main road frontage. Flexible accommodation – easily reconfigured to provide owners apartment or house. Arranged over 2 floors only. Double glazing. Gas fired central heating. Business expansion opportunity. Large plot arranged as parking and garden. Re-development potential. Available for the first time in 20 years.

Location
Fareham College approx. 0.1 mile. Fareham Railway Station approx. 0.3 miles. M27 Junction 10 approx. 1.6 miles. HM Coastguard Training Centre approx. 4 miles. NATS Air Traffic Control Centre approx. 5.6 miles. Portsmouth approx. 9 miles. Southampton approx. 12 miles.

Summary of accommodation
21 Letting Bedrooms (all en-suite). Conservatory Dining Room (40 covers). Bar Lounge. Residents Lounge/Meeting Room. Office.

Trading & business
Enjoying a mix of commercial and leisure business, management accounts are available for the year ended 31st March 2019 showing a net turnover of £352,000, with an EBITDA of £186,000 letting 20 rooms only and with very limited non resident trade.

Licences/permissions
We are informed the property benefits from Premises & Public Entertainment Licences.

Property Information

Property:

Freehold

Living Accommodation:

21 Letting Bedrooms (all en-suite). Conservatory Dining Room (40 covers). Bar Lounge. Residents Lounge/Meeting Room. Office.

Location:

Fareham College approx. 0.1 mile. Fareham Railway Station approx. 0.3 miles. M27 Junction 10 approx. 1.6 miles. HM Coastguard Training Centre approx. 4 miles. NATS Air Traffic Control Centre approx. 5.6 miles. Portsmouth approx. 9 miles. Southampton approx. 12 miles.

Premises Details:

21 Letting Bedrooms (all en-suite). Conservatory Dining Room (40 covers). Bar Lounge. Residents Lounge/Meeting Room. Office.

Energy Performance Rating:
C

Contact Information

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