Virtually Freehold (approximately 900 Years Unexpired At Nominal Ground Rent Of £17.30 P.a. Fixed) Licensed Hotel. | | Undisclosed Norfolk | | Sought after position, close to sea front, NORFOLK. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69900
ADVERT IMPRESSIONS : 16,523 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | LEASEHOLD: | £340000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : Front paved parking area for 8/9 cars
Ample street parking opposite
The Hotel has the advantage of overlooking a private large Pleasure Garden at rear with lawn. The owner and residents have use of the Pleasure Garden, which we understand is maintained by the Council and there is a nominal charge to the owner of only £17.30 p.a.
It should be noted that the property is mainly double glazed and virtually has Full Gas Fired Central Heating.
Ground Floor - Entrance Hall and Reception area
Attractive Dining Room fully carpeted. Tables and chairs providing seating for 28 persons.
Residents Bar, carpeted. Tables and chairs, 2 armchairs plus settee providing seating for approximately 12 persons plus adjoining residents lounge, carpeted and with seating for approximately 8 persons.
Kitchen equipped for breakfasts including gas cooker, fridge.
Cloakroom with w.c. and wash hand basin
Office
Letting accommodation -
2 Double Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
First Floor
5 Double Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
1 Double Bedroom plus 1 Single Bedroom each with w.c. and wash hand basin plus shared shower cubicle
1 Twin Bedroom with en suite shower room with shower, w.c. and wash hand basin
Laundry Cupboard
Second Floor
1 Family Bedroom with en suite shower room with shower, w.c. and wash hand basin
2 Double Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
2 Twin Bedrooms each with en suite shower room with shower, w.c. and wash hand basin
All the letting bedrooms are fully furnished (mainly Pine furniture), colour television, tea and coffee making facilities.
Location : Sought after position, close to sea front, NORFOLK.
Turnover : WE ARE INFORMED the turnover is in the region of £23,000 p.a. Bed & Breakfast only. Operated on a low key basis opening from April through to the end of September/October. In our opinion offering tremendous potential for further development, especially if the Hotel was graded which we understand would be Grade 3 Guest Accommodation and included in the Great Yarmouth Tourist Brochure. In our opinion there is further potential for offering evening meals to residents, if desired.
Tenure : We understand the property is leasehold having approximately 900 years unexpired at a peppercorn ground rent of only £17.30 p.a. with no revisions.
Uniform Business Rates: £2,500 p.a. approx. + water rates
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE VIRTUALLY FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £340,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : Private accommodation
Stairs to lower ground floor comprising attractive private accommodation in the form of 2 double bedrooms with double glazed windows
Half tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
In addition in the basement are 2 small storerooms
Outside : Covered yard with laundry room, washing machine, freezers
In addition to the rear of the property is an attractive patio area providing seating for residents and as stated the rear of the property overlooks an attractive and spacious private Pleasure Garden.
Staff : The business is at present operated by the owner with the assistance of 1 part time staff when required. | | | | | | FOR SALE | | | | | REFERENCE: | H7811 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
