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Sixteen Bed B And B Great Potential Bournemouth For Sale

Bournemouth, Dorset, UK
Asking Price:
£850,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

Goadsby Commercial present renowned hotel in mature setting on prestigious East Cliff. Generous ground floor trading area affording great potential. Contemporary letting rooms. Pressurised heating system with 2 recently installed boilers. Ongoing improvement programme On site parking. Genuine retirement sale after 18 year ownership. Floor plan available by request.

LOCATION
East Cliff – Cliff Top approx. 200 yards. Business District and University Buildings approx. 700 yards. Travel Interchange approx. ½ mile. Bournemouth Pier within 1 mile. Bournemouth Square within 1½ miles. Bournemouth International (Hurn) Airport 7 miles.

SUMMARY OF ACCOMMODATION
16 Letting Bedrooms (all en-suite). Residents Lounge. Bar Lounge (seating 20/24 persons). Conservatory Restaurant (seating 52 covers). Conference/Function Room. Kitchens.

TRADING & BUSINESS
The owners currently choose to trade on a B&B/room only basis from Easter to the end of September, reverting to longer term lets of 28 days in the winter months enabling a more relaxed operation. The Yenton has formerly enjoyed a strong reputation as a wedding and function venue which could be reintroduced. Accounts can be made available to genuinely interested parties.

LICENCES/PERMISSIONS
We understand that a Premises Licence (Full On) is held.

TENURE
GROUND LEASEHOLD. The hotel is held on an 85 year lease from 25th March 2014, at a current rent of £2,000 per quarter until 24th March 2023 and then subject to reviews linked to RPI.

Property Information

Property:

Leasehold

Lease Terms:

GROUND LEASEHOLD. The hotel is held on an 85 year lease from 25th March 2014, at a current rent of £2,000 per quarter until 24th March 2023 and then subject to reviews linked to RPI.

Leasehold Rent:

£8,000 per annum

Location:

East Cliff – Cliff Top approx. 200 yards. Business District and University Buildings approx. 700 yards. Travel Interchange approx. ½ mile. Bournemouth Pier within 1 mile. Bournemouth Square within 1½ miles. Bournemouth International (Hurn) Airport 7 miles.

Premises Details:

16 Letting Bedrooms (all en-suite). Residents Lounge. Bar Lounge (seating 20/24 persons). Conservatory Restaurant (seating 52 covers). Conference/Function Room. Kitchens.

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