Profitable Limited Service Hotel – Hampshire Coast

Fareham, Hampshire

Status

FOR SALE

Date Submitted:

04/10/19

Advert ID

250283

Reference

H22220 / Rightbiz
Freehold: £1,750,000

FEATURES
Goadsby Commercial present highly profitable bedroom led operation. Prominent main road frontage. Flexible accommodation – easily reconfigured to provide owners apartment or house. Arranged over 2 floors only. Double glazing. Gas fired central heating. Business expansion opportunity. Large plot arranged as parking and garden. Re-development potential. Available for the first time in 20 years.

LOCATION
Fareham College approx. 0.1 mile. Fareham Railway Station approx. 0.3 miles. M27 Junction 10 approx. 1.6 miles. HM Coastguard Training Centre approx. 4 miles. NATS Air Traffic Control Centre approx. 5.6 miles. Portsmouth approx. 9 miles. Southampton approx. 12 miles.

SUMMARY OF ACCOMMODATION
21 Letting Bedrooms (all en-suite). Conservatory Dining Room (40 covers). Bar Lounge. Residents Lounge/Meeting Room. Office.

TRADING & BUSINESS
Enjoying a mix of commercial and leisure business, management accounts are available for the year ended 31st March 2019 showing a net turnover of £352,000, with an EBITDA of £186,000 letting 20 rooms only and with very limited non resident trade.

LICENCES/PERMISSIONS
We are informed the property benefits from Premises & Public Entertainment Licences.

Key Features
  • Established Business
  • With Accommodation
  • With Car Park
  • Fully Fitted
Contact Agent
Advert Reference:
H22220 / Rightbiz
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