Hotel for sale

Rooms

Location
The Hotel is situated in the popular holiday location of St Chads Road, being close to the Promenade, Entertainments and Attractions.

Accommodation - Lower Ground
Tank room 2 Storerooms

Accommodation - Ground Floor
Main entrance leading to: Hall Fabulous open plan Bar Lounge, with easy sofa and upholstered seating. Well-equipped centre Bar Counter. Dining Area with individual table for each room. Fitted Kitchen with an extensive range of commercial catering equipment and non-slip flooring Utility room/ laundry & storage, meter cupboard. Office.

Accommodation - First Floor
3 Double Bedrooms - All En-Suite Utility Room

Accommodation - Second Floor
3 Double Bedrooms – All En-Suite 1x Twin Bedroom – En-Suite Utility Cupboard

Private Accommodation
Lounge area Master Bedroom with access to rear garden. Wet Room with Toilet.

Exterior
Small paved garden area to the front with seating for guests. Private garden to the rear, previously car parking for 1 motor vehicle.

Agent Notes
The Hotel is Gas Central Heated on a Hive with individual thermostats on all radiators. Pressurised hot water tank and has double glazing. All letting bedrooms have Nespresso coffee machines & flat screen TVs. Super-Fast Broadband. CCTV which can be accessed via mobile app. Eufy video doorbell which can be accessed via mobile app. L2 Fire Alarm system installed. Sale subject to the fees, terms and conditions of Pattinson Auctions.

Tenure
Freehold. Title number LA480237.

Rateable Value
Current rateable value (1 April 2023 to present) £4,150 This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill. Sourced from VOA

Council Tax
Band A

Business
Accounts on application. The owners have operated the guest house since 2006 and have a strong repeat customer base supported by online booking portals with excellent reviews.

EPC
Rating B, full report available upon request.

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.