Block of flats for sale in Scarborough YO12, 22 Bedroom

Scarborough, Scarborough, UK

Quick Summary

Property Type:
Block of flats
Status:
For sale
Price
£ 949,999
Beds:
22
Baths:
11
Recepts:
5
County
North Yorkshire
Town
Scarborough
Outcode
YO12
Location
Scarborough, North Yorkshire YO12
Marketed By:
Kings Business Transfer
Posted
2019-03-28
YO12 Rating:




More Info?
Please contact Kings Business Transfer on 01772 913303 or Request Details

Property Description

Reference - 44696


Description


This is an excellent opportunity to purchase one of the area’s most prestigious, well established and profitable hotels, with excellent potential for sustained and future growth. This is a fantastic family run hotel, offering 31 beautifully prepared en-suite letting rooms, in North Yorkshire.

This fantastic traditional hotel is located on a prominent main road position overlooking the coastline.

Having successfully operated within the family for over 40 years and under current ownership for the last 22 years, this business has become very highly renowned and has earned itself an excellent reputation for offering the best bed and breakfast facilities and bar service during the evenings. Due to the nature of the business, the owners benefit from a large number of satisfied customers, therefore attracting repeat trade to the business from the large numbers of annual holiday makers. The hotel has an extremely popular games room and a bar area and also profits from a number of clubs and meetings over the summer months.

The business operates from a highly visible, five storey terraced premises, which is presented to an excellent standard with an excellent range of fixtures and fittings to go with the sale.

This is a thriving and lucrative business, which is run by the owners and 3 full time seasonal staff members. The hotel trades 12 months of the year, but has a near full occupancy during the summer months.

The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple or family, that have the opportunity to assist the business to continue to thrive, or consider other business opportunities such as residential avenues.

This is a first class, high turnover, excellent business opportunity with fantastic scope for future growth. A viewing is therefore highly recommended to avoid disappointment.

Sales
The annual turnover for 2015 is approx. £242,000.


Accounts


Current records and accounts can be inspected when viewing.


Staff


The business is operated by the owners and 3 full time seasonal staff members.

Building External
The business trades from an imposing terraced property occupying a prominent main road sea view position. This property comes with two driveways leading up to this stunning hotel. Upon entrance to this fantastic property you can find access to the main bar area to the left, a very popular games room to the right, with a main and smaller dining areas to the rear. You can find access to the owners private accommodation in the basement of the property, where a fully fitted catering kitchen and preparation area can be found.

The top four floors have an array of sizes to choose from with many coming with fantastic views. There are 31 en-suite rooms over the 4 storeys. This hotel caters for all sized parties. The property has 3 separate stairwells to gain access to the top floors.


Building internal


The business comes with a large 3 bedroom owners accommodation.


Tenure


This business is available as a freehold business.


Summary


A fantastic and rare opportunity to purchase a highly profitable business, with terrific potential for future growth and improvement. To avoid disappointment, a viewing is highly recommended.

Property Location

Marketed by Kings Business Transfer



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