| | | SUBSTANTIAL 20 BEDROOM HOTEL WITH P/P FOR 6 APARTMENTS, WHITLEY BAY | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 14,149 TIME(S)
BUSINESS REFERENCE : 1723 / RightBiz | | | | | | The hotel is on Victoria Ave in the very popular coastal resort of Whitley Bay.It has 20 bedrooms,19 are used for letting with one being used by the owner.There is planning permission to convert the property into 6 x 2 bedroom apartments. | | | BUSINESS LOCATION: | Whitley Bay Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £525000 | | | | | | | | | | | BUSINESS DETAILS: | * 20 bedroom hotel in the coastal town of Whitley Bay
* Owned and operated by the same family for 49 years
* Deliberately under traded by the current owner
* Planning Consent for development into 6 apartments
* Some of the bedrooms have stunning sea views
SITUATION
Resthaven Hotel is situated on Victoria Avenue in Whitley Bay. The property is less than 100 yards from the Promenade and some of the bedrooms enjoy beautiful views over tennis courts, a bowling green and the North Sea.
BUSINESS
The business has been in the same family for the past 49 years and the current owner wishes to retire. The hotel is operated on a low key basis with the focus being on tourists, contractors and schools on visits and for sports tournaments. The room rates are £22pppn for a non en-suite room, £30 for a single en-suite room and £50 for a double en-suite bedroom.
OWNER’S ACCOMMODATION
The owner uses one en-suite double bedroom.
EXTERNALLY
To the front of the property there is a small garden which has been paved whilst to the rear there is car parking for 5 cars and a single garage.
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
STAFF
The business is operated by the owner plus one part time member of staff.
TENURE
Freehold.
PLANNING PERMISSION
The owner has obtained planning consent for the conversion of the existing property into 6 two bedroom apartments. Further information is available.
RATES
The rateable value of the premises is £9,750 with the rates payable for 2008/2009 being approximately £4,290.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above. | | | | | | FOR SALE | | | | | SELLER: | MORALEE & CO | | CONTACT: | 0191 2362277 | | REFERENCE: | 1723 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
