FOR SALE
641997
Located in Birtley, Tyne and Wear, the Relax Inn Newcastle presents an excellent investment opportunity for those looking to enter or expand within the hospitality sector. This well-established, budget-friendly hotel is situated just a short drive from Newcastle upon Tyne city centre, attracting both leisure and business travellers. The hotel offers clean, comfortable guest rooms equipped with essential amenities including private bathrooms, flat-screen TVs, and tea and coffee-making facilities. Guests frequently praise the tranquil atmosphere, comfortable beds, and the convenience of complimentary parking, making it ideal for short stays and last-minute bookings.
Operating successfully for over ten years and under current ownership for the past three years, the business has demonstrated consistent performance and recent growth. The hotel currently generates an annual turnover of approximately £22,000. The property is managed by three employees, providing flexibility for a new owner to operate the business directly or manage it as an investment.
An established Turkish restaurant operates on the ground floor, contributing to the property’s vibrant atmosphere with themed décor and a fully equipped kitchen and dining area suitable for events and catering. The restaurant is let on a 25-year leasehold agreement and already has an operator in place who pays £18,000 per year in rent. This rent will be payable to the new freehold owner, creating a secure and reliable additional income stream independent of the hotel operations.
The well-furnished guest rooms feature modern amenities and comfortable bedding, while additional features such as individually designed bedrooms, key card entry systems, a large bar area, clean and well-maintained bathrooms, and a generous plot with ample parking further enhance the property’s appeal. The hotel benefits from excellent visibility in a busy, high-traffic location and is surrounded by local amenities including supermarkets, restaurants, takeaway shops, and seasonal attractions such as fun fairs and carnivals, all of which contribute to steady guest demand. The business also maintains an online presence through its website and active social media profiles on Facebook and Instagram, increasing visibility and bookings.
All fixtures and fittings are included in the sale, ensuring a smooth transition for the new owner. With high hygiene standards, strong guest reviews, and multiple income streams from accommodation and rental income from the restaurant, this property is well suited to an owner-operator or investor seeking a balanced hospitality opportunity. The freehold price for this promising establishment is £580,000, offering significant potential for growth within the hospitality market.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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