59 Bedroom Themed Hotel in Bournemouth Dorset with Top Function Facilities
Bournemouth, Dorset
- Status
FOR SALE
- Date Submitted:
23/11/22
- Advert ID
504154
- Reference
H195436 / Rightbiz
- Call Agent:
- Leasehold: £1,145,000 (Stock at valuation)
- Rent: £9,083
- Turnover: N/A
- Net Profit: On request
Key Features
- Retirement Sale
- With Car Park
- Established Business
- Fully Fitted
- Accounts Available
Business Details
59 Bedroom Themed Hotel Excellent Function Facilities
Goadsby Commercial present sought-after East Cliff location. Celebrity themed rooms. Generous plot of 0.78 acre. Extremely well equipped. Hospitality trays and Wi-Fi to each letting bedroom. Air conditioning to public areas. Extensive function facilities. Key card room entry. Re-roofed in present ownership. 8 person passenger lift with level access to all floors. Ongoing refurbishment programme. Separate laundry lift. Genuine retirement/ill health sale.
LOCATION
Cliff Top lift to beach approximately 350 yards. Central business District approximately 500 yards. Travel Interchange just over ½ mile. Bournemouth International Centre within ¾ mile. Bournemouth International (Hurn) Airport approximately 7 miles.
SUMMARY OF ACCOMMODATION
59 Letting Bedrooms (all en-suite). Restaurant (130). Function Room (80). 3 Lounges. Leisure Suite (unused). Extensive Kitchens. On Site Laundry.
TRADING & BUSINESS
With a management team in place, to the year ended April 2022 a turnover of £1,104,285 was recorded yielding an adjusted net profit of £311,402.
LICENCES/PERMISSIONS
We are informed that a Premises Licence, Public Entertainment Licence and civil wedding licence are held.
TENURE
MEYRICK ESTATE GROUND LEASEHOLD. The property is held on a Meyrick Estate Ground Lease expiring on 25th March 2049, at a current rent of £9,083.08 per annum subject to 7 yearly reviews.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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