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Significant Price Reduction Freehold. Private Sale. Development Opportunities For Sale

Eastbourne, East Sussex, UK
Asking Price:
£649,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£50K - £100K
Net Profit:
Available on request

Genuine lifestyle and income opportunity for the right buyer. Worth a look!

This is a FREEHOLD (not Leasehold) 5-storey Victorian property having been operated by the current owners since 2006, now looking to retire. A simple, profitable business in very good decorative order. Strong repeat business with a wide visitor demographic including many overseas guests. The husband and wife team currently choose to operate the business as serviced accommodation, mainly summer season (easy lifestyle B&B) with minimal trade during the winter months (lots of time off).

Established and excellently maintained B&B/Guest House having enjoyed continual investment and improvements including £14,000 on roof work and new kitchen in the last 12 months alone.

We currently operate with 8 letting bedrooms (as advertised on the main booking websites), all with en-suite facilities. In addition there are 4 further bedrooms (used privately), 3 of which are ensuite. There is a large guest lounge with original Victorian features. On the lower ground floor there is a newly fitted kitchen, large sunny breakfast room and private lounge. There is carparking for up to 3 vehicles at the rear of the property. The current owners have a private outside sun-deck area, accessed via the ground floor office room.

Situated in busy, popular, tourist town of Eastbourne, with good rail and road links to London and Brighton. Centrally located, 1 minute from the seafront and famous Bandstand. 5 minutes walking distance to Gallery, Theatres, Conference Venues and Town Centre, with many bars, restaurants and a host of cultural activities.

Eastbourne has recently undergone a £30 million pound investment in its new Shopping Centre and Theatre/Tennis district. Key activities in the year include Conferences, Eastbourne Tennis, August Airshow, October Beer Festival, Sussex Bonfire Tradition, Car Rallies, International Cycling, Beachy Head Marathon etc.

More photos, floor plans and financial information available to interested buyers. Please contact directly.

Property Information

Property:

Freehold

Living Accommodation:

Current owners take 3 bedrooms but room layout is flexible. See main description.

Location:

1 minute to Seafront, 2 minutes from Theatres, 5 minutes from Town Centre

Premises Details:

5 storey Victorian building, brick and rendered elevations.

Size in square feet:
3,930
Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Expansion Potential:

The property lends itself to a variety of uses and purposes.
Perfect for large family who want a good home with additional AirB&B-type business.
Potential for floor area conversion to larger rooms or self-catering.
Could be restored to a fine original Victorian design project.

Competition / Market:

One of a handful of small family-run B&Bs in this central location.

Reasons for selling:

Retirement

Trading hours:

Seasonal business.

Employees:
0
Years established:
70

Other Information

Support & training:

Willing to discuss

Owner financing:
Owner financing is available. Please contact the seller for more information.
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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Home based:
This business can be run from home.

Contact Seller

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