Impressive 8-bed mid-terraced property near the Promenade. Ideal as a boutique hotel with en-suites for 20 guests. Annual turnover of £60,000. Includes private owner's unit, basement storage, and parking for 2 cars. Perfect for investors in the hospitality industry.

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £45,000

Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.

Nestled within easy reach of the Promenade and local attractions, this impressive 8-bedroom mid-terraced property presents a lucrative business opportunity as an 8-bedroom boutique hotel, each room complete with an en-suite to cater for 20 guests. Refurbished to a high standard, the property boasts a comfortable private accommodation unit that includes a lounge/diner, a double bedroom, and a bathroom, perfect for owners or managers. Generating a substantial turnover of £60,000 annually, the property offers ample potential for further growth, or could be operated as an Air BnB, attracting both tourists and business travellers alike. Offering the unique advantage of remote operation, this hotel comes with the option to seamlessly take over existing staff contracts, ensuring smooth continuity of service. Additionally, the property features a convenient basement for storage and private parking for 2 cars, ensuring practicality and ease for occupants and guests alike.

Imbued with potential and positioned for success, this property promises a blend of comfort, style, and convenience, making it a must-see for buyers seeking a promising investment in the bustling hospitality industry.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

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 of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Hallway

Private Lounge/Diner

Private Bedroom

Private Bathroom

Kitchen 8' 8" x 13' 4" (2.65m x 4.06m)

Family Guest Room 1
2 inter-connecting bedrooms with shared en-suite

Basement

Landing

Family Guest Room 2
2 inter-connecting bedrooms with shared en-suite

Guest Room 3
With en-suite

Guest Room 4
With en-suite

Landing

Family Guest Room 5
With en-suite

Guest Room 6
With en-suite

Guest Room 7
With en-suite