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34 Ensuite Bedroom Hotel In Bridlington East Yorkshire

Bridlington, East Riding of Yorkshire
Freehold:
£399,950
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Further Details
Status
FOR SALE
Reference2983 / RightBiz
Advert ID72753
LocationBridlington, East Riding of Yorkshire
SectorHotels, Restaurants, Pubs
TenureFreehold
Freehold Price£399,950
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Key Features
  • Price Reduced
Full Details
Location
The Balmoral Hotel is ideally located just metres from the seafront at Bridlington, East Riding of Yorkshire. The hotel boasts on-street parking opposite and is adjacent to Leisure World indoor leisure and health complex. Situated in the heart of Bridlington, the hotel boasts easy access to all the local amenities, shops and attractions. The town centre and local railway station are within walking distance. Bridlington is a popular resort, situated on the North Sea coast, 17 miles to the south of Scarborough and 40 miles east of York. The area boasts excellent road access with the A614 leading to York and the A615 to Scarborough and Hull to the South.

Business History
Preferred Commercial is delighted to offer for sale this 34 en-suite bedroom hotel ideally located close to the seafront in Bridlington. Established in 1950, the hotel has been in our client's careful hands since 1972 and is only now being placed on the market due to retirement. The Balmoral Hotel operates all year round and generates a turnover in the region of £420,000 per annum. The hotel boasts a 80 cover guest dining room and a 44 cover restaurant, which serves a 5 course evening meal and is open to non-residents. There is also a separate function room which can cater for approximately 60 persons with its own bar, dance floor and sound and lighting equipment. We are advised that the function room is underutilised and a new owner could introduce entertainment or promote the room for private parties. Included in the sale is a modern minibus, which is used to collect small parties and could be used to offer local excursions. The hotel also offers mobility scooter hire to residents. The Balmoral Hotel boasts an enviable reputation with many repeat customers and benefits from regular coach party bookings. We feel this represents an ideal opportunity to acquire a well-respected and established hotel, with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Financial Details
T/O: £420,000 approx.

Opening Hours
All year round

Accommodation Details
Substantial 5 storey hotel ideally located close to the seafront and town centre, offering 34 en-suite letting rooms and 1-bedroom owners' accommodation. Briefly comprising:

Ground Floor
Reception area with lift to all floors
Guest dining room with tables and chairs for up to 80 covers
Restaurant with tables and chairs for 44 covers and bar servery
Ladies and gents WCs
TV room with comfortable seating for 10 persons
Function room with capacity for approximately 60 persons, bar servery, dance floor, sound and lighting system

Lower Ground Floor
Commercial kitchen with 4 x stainless steel preparation tables, walk-in refrigerator and frrezer
Dry storage area
Wash up area
Laundry
Still room
Small office
Manager's accommodation comprising double bedroom with en-suite facilities, kitchenette and lounge

Guest Accommodation
34 rooms set over 3 floors with lift to each floor, all have en-suite facilities, TV, tea & coffee making facilities and hair dryer comprising:

14 x double rooms
9 x twin rooms
8 x family/twin rooms
3 x single rooms

External
Rear yard
Garage for 3 cars

Vehicle
Liveried Ford Tourneo minibus

Tenure
Advised freehold
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