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Substantial Hotel Investment In Bournemouth For Sale

Bournemouth, Dorset, UK
Asking Price:
£2,890,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Goadsby Commercial is a long-established, fully managed operation. The popular West Cliff location is convenient for the amenities of central Bournemouth. Generously proportioned bedrooms. Sea glimpses. Ongoing refurbishment. Passenger lift. New water tanks. Full gas-fired central heating and part double glazing. 24-camera CCTV system (expandable to 32). LED lighting and USB sockets throughout. Capacity for 112 bed spaces. Suit flat conversion s.t.p.p.

LOCATION
West Cliff - Cliff Top, approx. 200 yards. Bournemouth International Centre is approximately 650 yards away. Bournemouth Square is approx. ½ mile. Travel Interchange within 2 miles. Bournemouth International (Hurn) Airport is approximately 7 miles away.

SUMMARY OF ACCOMMODATION
47 Letting Bedrooms (all ensuite). Residents Lounge (30). Bar Lounge (20). Restaurant with function area (100).

TENANCY DETAILS
The Hotel is currently let on an original 10-year lease expiring August 20, 2033, subject to 3 yearly reviews with a landlord-only break clause in August 2028. The passing rent is £198,000 p.a.x. until August 2026, the first review (from a base rent of £160,000). Additionally, two further lump sum payments of £33,000 are due to the incumbent landlord in August 2025 and 2026. The lease is available by request.

Property Information

Property:

Freehold

Location:

West Cliff - Cliff Top, approx. 200 yards. Bournemouth International Centre is approximately 650 yards away. Bournemouth Square is approx. ½ mile. Travel Interchange within 2 miles. Bournemouth International (Hurn) Airport is approx. 7 miles away.

Premises Details:

47 Letting Bedrooms (all ensuite). Residents Lounge (30). Bar Lounge (20). Restaurant with function area (100).

Energy Performance Rating:
C