Hotel/guest house for sale in Hotels LA18, Cumbria, £345,000

345,000.00

Offer Nr.:
52864498
Type of ad:
for Sale
Property type:
Hotel/guest house
Contact name:
Ernest Wilson
Phone(s):
0113 482 9940

* Freehold
* Multi - Faceted Business and Freehold Property
* Very Recent Conversion to Add Hotel B&B
* Popular Function Room, Bar and Restaurant
* Outstanding Value for Money Investment
Eight bedroom hotel, restaurant and function room in Cumbria for Sale.
The sale of this outstanding business and property represents a once in a
generation opportunity to acquire a multi - faceted business with several
individual income streams, operated from substantial Freehold premises in this
coastal Cumbrian town. The business has been owned and operated by its current
owners for the last 25 years but has recently undergone substantial upgrades
and a high quality remodel to incorporate a bed and breakfast business with
eight spacious and elegant en - suite bedrooms. Former Working Men’s Club and
the towns night club, very recently converted to additionally incorporate
eight superbly furnished and surprisingly spacious en - suite bedrooms with flat
screen TV’s and beverage making facilities. Planning approval exists for a
further 3 en - suite rooms. Ground floor restaurant with capacity for at least
60 diners, dual sided licensed bar and a large separate function room with
dance floor, pool tables and gaming machines. Professional sound and lighting
equipment. Customer WC’s and Emergency Exit. Large capacity, ground floor beer
cellar and bottle stores. Finished as recently as late summer 2018, the hotel
consists of: Separate entrance at ground floor level to hotel reception and
management office. Stairs leading to first floor hotel accommodation. Three
double bedded en - suite rooms, Two twin bedded en - suite rooms, One triple
(single bedded) en - suite room, One room with one double and two single beds,
en - suite, One room with one double and one single bed, en - suite. There is a
fully fitted and equipped kitchen / breakfast room for the exclusive use of
hotel guests opting to cater for themselves in contrast to using the
restaurant facility. A flat roof area exists, currently covered and utilised
as storage but presenting an opportunity to build in an additional four en -
suite hotel bedrooms (subject to planning consent) and further develop the
hotel business. The restaurant and function facility enjoys an average weekly
turnover of £9, 500 per week and the fledgling hotel income is currently circa
£1, 000 per week, growing steadily as it establishes itself in the hotel
industry marketplace. The fledgling Hotel / Bed and Breakfast business has not
been effectively marketed and promoted thus far and therefore a huge
opportunity exists to grow this very lucrative facet of the business.
EPC Band D.

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