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£770,000

Guest house for sale

Lascelles Terrace, Eastbourne

£770,000

Guest house for sale

Lascelles Terrace, Eastbourne

Description

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Property features

  • Beautifully Presented Six Storey Guest House
  • Four Star Rating
  • Containing Plenty of Character
  • 14 Bedrooms with Ensuite Facilities
  • Guest Lounge with Reception
  • Private Owners Accommodation
  • Guest Dining Room and Owners Dining Room
  • Close Proximity to Town Centre and Train Station
  • Sought After Location Between Seafront and Theatres

Property description

Ideally located 4 star guest house offering smart and comfortable accommodation. All 14 guest bedrooms have ensuite facilities and there is a spacious guest lounge and dining room with high speed broadband. The owners accommodation extends to two bedrooms, one ensuite, and a private sitting room.

The Sherwood is in a prime location within an elegant Victorian terrace, connecting the seafront with the theatres and conference centres. The beautiful Eastbourne promenade is just seconds away and Eastbourne town centre is only a short level walk away. The business has an enviable established trading history and benefits from a good level of passing trade, short stays and international visitors.

Eastbourne is undergoing a radical transformation with about £220m being invested right now. The Sherwood is situated very close to the Devonshire Park complex where about £55m is being invested in a new conference building, the refurbishment of two theatres & the Winter Garden, plus improved facilities for the International Tennis tournament. Closeby, on the Western Lawns a new iconic restaurant is being constructed at the Wish Tower, and within about five minutes' walk the town centre is being revamped with about 27 new shops, 7 new restaurants and a new cinema extension to the Arndale Centre nearing completion. The public realm is also being reinvigourated with about £8.5 of new street works.

ACCOMMODATION

Steps rise from street level to the hall floor entrance with solid wood door
into entrance vestibule and glazed door into the hallway.

Guest Lounge/Reception
20'10 (6.35m)  into bay x 14'10 (4.52m) Ornate fireplace, bay window to front and comfortable seating.

Hall with built in cupboards and drawers.

Bedroom 1   Single room with en suite bathroom

Bedroom 2   Double room with ensuite shower room.

Bathroom
Serving bedroom 1 with bath with shower above, basin and W.C.

From the main hallway, stairs lead down to LOWER GROUND FLOOR hallway with information area, through to:

Dining Room
18’11 x 15’9 (5.48m x 4.57m) Bay window to front, covers for 20 guests, built in breakfast servery area with tiled top, pine cupboards and drawers below, wall lighting, double doors giving access to:

Owners Dining Room/Breakfast Room/Office
14’11 x 13’1 (4.26m x 3.96m)

Kitchen
17'7 x 10'10 (5.36m x 3.3m) Fitted with a range of base and wall mounted cupboards with wood effect finish and roll top work surfaces. Double sink drainer with mixer tap. Central stainless steel table and working areas. Range cooker with five ring gas hob and extractor above. Bain Marie, deep fryer, hot water still, microwave oven, and six slice toaster. Under counter fridge and dishwasher. Telephone point. Tiled walls. Windows to side. Door to rear leads to:

Larder and Laundry Area
With staff WC, hand basin, fridge, freezer, iron press, washing machine and tumble dryer. Door to:
Rear Courtyard Garden Large timber shed, pedestrian access to rear twitten.

BASEMENT

Stairs lead down to the owners' accommodation comprising a spacious lounge with  electric fireplace, two bedrooms, the master having ensuite shower room. Off the master bedroom there is an ancillary area housing the water cylinder, boiler and a small workshop.

FIRST FLOOR

Room 3   Twin room to rear with wash hand basin in the bedroom, ensuite bathroom with W.C.
Room 4   Double room with an ensuite shower room.
Room 5   A suite comprising a double bedroom with ensuite bathroom and a second bedroom arranged with bunk beds, ideal for family accommodation.

SECOND FLOOR

Room 7   Single room to rear with ensuite shower room.
Room 8   Twin/Double room with ensuite shower room.
Room 9    Extra large double room with ensuite shower room, bay window to the front.
Room 10  Single room with ensuite shower room.
Room 11  Double room with ensuite shower room.

THIRD FLOOR

Room 12   Double room with ensuite shower room.
Room 14   Double room with ensuite shower room.
Room 15   Single room with ensuite shower room.
Room 16   Single room with ensuite bathroom with shower over bath.

RATEABLE VALUE
The Valuation Office website lists this property showing a rateable value of £18,000 for the business. The rates payable include discounts for "supporting small businesses and a transitional allowance".  Buyers need to check if they will qualify for these reliefs, if so the rates payable will be £2,496.  The full figure would otherwise be £8838. The owners accommodation is in Council Tax Band A, and £1310.09 is payable in 2019/2020.  Proposed purchasers are advised to make their own enquiries regarding rateable value/uniform business rates/council tax.

VAT
Unless otherwise stated, the terms quoted are exclusive of VAT.  Applicants are advised to make their own enquiries as to whether VAT will apply to this transaction.

NOTICE Reid+Dean have provided these particulars just for illustration and prospective buyers or tenants must instruct their own advisors to check all matters relating; physically to the property, its title, any planning consents & building regulations and outgoings. The particulars do not constitute an offer or form part of a contract. No fixtures or fittings are included in the transaction unless agreed in negotiations.  No services or equipment have been tested.  Reid+Dean offer no warranties in relation to the property.

Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

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DISCLAIMER

Property reference URE1779. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Reid & Dean - Eastbourne. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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