Hotel/guest house for sale in Eastbourne, East Sussex BN21

£650,000
Hotel/guest house for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Offers in the region of £650,000
  • Traditional bed & breakfast with 8 letting rooms, plus additional 3 rooms which are currently being used for private use.
  • Minutes walk to sea front, theatres, town centre and train station
  • Potential for alternative use STPP, Same ownership since 2006/retirement sale/open to negotiation

Property description

Reference - 48055

Description
Available at offers in the region of £650,000, this is a superb opportunity to acquire this well established and very profitable traditional bed and breakfast, which has eight ensuite letting rooms and is situated in the popular coastal town of Eastbourne, East Sussex. The business enjoys regular leisure trade due to the excellent location close to the sea front but also from those visiting the town for commercial reasons, such as conferences, which are held at the theatres less than 0.25 miles away.

The bed and breakfast is within easy reach of Eastbourne mainline train station which provides a direct train to London Victoria, taking around 1h 30m in peak times, making Eastbourne popular with those living in London. Having been run by the same husband and wife team since 2006, this is a thriving and successful business which attracts customers from far and wide on a regular basis, both midweek and at weekends. We have been advised that around 25% of guests each year are from overseas.

The business is open all year with many bookings coming via and other booking agencies. As of October 2020, the reviews on were 8.9 (Fabulous) from 77 reviews and 9.5 for location, thus making the business very successful with many new bookings coming by way of personal recommendation after a stay.
Eastbourne is easily accessed via the A22 and A27 and is approx. 24 miles east of Brighton which attracts many tourists each year.

Eastbourne is also famous for its International air show which takes place along a two mile stretch of the sea front in August and has been an annual event in the town since the late 1990’s. Eastbourne have undergone a £25million upgrade to its shopping and theatre districts in the last 2 years, attracting huge crowds each year.

The eight letting bedrooms, all of which have ensuite or private facilities, have been refurbished in recent years and are presented in excellent condition. The owners have spent approx

Sales
Accounts to the year end 5 April 2019 show an income of £74,162 with an adjusted profit in the region of £43,400 for the same period. Previous accounts show an averaged of £80,000 over the last 3 years, just below VAT limit. In our opinion there is genuine growth within the business to increase not only income, but also profits.

Staff
Run and managed by a husband and wife team on a daily basis along with ad hoc staff during the summer months.

Building External
Valuable and deceptively spacious end terraced period property, which has visible roadside signage.

The property benefits from three dedicated parking spaces to the rear which can be used by guests on a first come first served basis, although there is ample on street parking which is either pay and display, or by way of residents permits which are available at the time of booking for a minimal cost.

Letting Rooms
The property offers spacious accommodation set out over five floors. The eight letting bedrooms, all of which are ensuite or have private facilities are located on the first, second and third floors and are presented to a high standard. Due to the conversion, all the letting rooms are slightly different in design, size and shape, but all provide a welcoming, light and airy feel when entering.

The guest accommodation is laid out as follows:

Ground Floor:
Entrance hall with reception desk and doors to:
Guest lounge with front aspect bay window and feature fireplace

Lower Ground Floor:
Breakfast room with front aspect bay window and tiled floor
Guest WC

Private Accommodation
The owner’s accommodation is on the ground and lower ground floor and consists of:

Ground Floor:
Double bedroom with ensuite bathroom
Sitting room/bedroom with additional WC and shower along with French doors to decked balcony

Lower Ground Floor:
Living room with brick fireplace and open plan office.

Tenure
We are advised that the property is freehold. We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Agent Notes
Due to the configuration of the property it may suit change of use to student accommodation due to the demand in the area or a Supported Living unit subject to cqc approval and registration.

Summary
This is an ideal opportunity to purchase a well established and profitable family run bed and breakfast situated in a popular and sought after area of East Sussex, which still offers genuine growth potential for any new owner who is looking for a ‘lifestyle change’ business.

There are alternative flexible finance packages available for this opportuinty, please give our team a call to discuss further.

A viewing is highly recommended to fully appreciate the property, superb coastal location and business opportunity in general.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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