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Exceptional Sea Front Hotel With Owners’ Private Bungalow for Sale

Mablethorpe, Lincolnshire

Freehold : £ 744,999
Turnover : £ 2,308 p.w.

The hotel is located in a prime trading position between the boating lake at Queens Park and the beach front in the busy and thriving seaside resort of Mablethorpe in Lincolnshire. Mablethorpe is a traditional seaside town with a good mix of period and affordable housing plus all of the main amenities such as banks, post office supermarkets etc.

The area is renowned for its pleasant countryside and long sandy beaches which are enjoyed by the locals and tourists on an all year round basis. The prime position of the bed & breakfast provides easy access to the town centre and the beach.
The town centre has, over the years, had large amounts of investment in its infrastructure, retail and recreational facilities. Mablethorpe also has a thriving night life with good quality restaurants, bars and cinema which again attract tourists in large numbers during the summer season. Out of season, the gas terminal at nearby Theddlethorpe provides continued regular custom from contractors and other workers.

Mablethorpe is close to the larger resort of Skegness were all of the major retailers can be found plus fun fair, bars and restaurants. The county of Lincolnshire offers good schooling and has 4 of the top ten schools in the UK plus strong road and rail links

EXCEPTIONAL SEA FRONT HOTEL WITH OWNERS’ PRIVATE BUNGALOW
Situated in the coastal resort of Mablethorpe
Listed number 1 on Trip Advisor for the area
Well appointed and presented throughout
Early viewing essential to fully appreciate
Advised annual turnover of £150,000 +
Ideal husband and wife opportunity
Scope for further development
Genuine reason for sale
Winner of 4 in a bed

Business History
Meridian Business Sales are delighted to offer for sale this superb hotel/B&B which was established by our clients in 2012. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since the business was established they have undertaken a full programme of refurbishment meaning that the business is in full walk in condition.
They have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business.
Our clients inform us that annual turnover currently runs at £150,000+ which is derived from offering welcoming bed & breakfast services to all who wish to visit. The business also benefits from a premises licence to sell alcohol and also provides evening meals. The bed & breakfast is extremely popular due to its location in the business district has a large customer base with many repeat and regular customers.
This is a superb opportunity to purchase a business with massive development potential and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Trading Hours: Trades all year round
 
Accommodation: Well presented detached character property, briefly comprising:

Hotel
Secure entrance leading to
Front reception conservatory with seating area and private access to the beach

Reception and office with welcoming desk
Guest lounge
Dining room for approximately 22 covers
Large commercial kitchen with walk-in pantry

2x large storage rooms

Boiler/laundry room
Staff toilets

Guest bedroom 1 – Double room with en-suite
Guest bedroom 2 – Fully accessible twin room with en-suite wet room
Guest bedroom 3 – Double room with en-suite
Guest bedroom 4 – Double room with en-suite
Guest bedroom 5 – Single room with en-suite
FIRST FLOOR
Large sea view lounge
Guest bedroom 6 – Double room with en-suite
Guest bedroom 7 – Twin room with en-suite
Guest bedroom 8 – Double room with en-suite
Guest bedroom 9 – Double room with en-suite
Guest bedroom 10 – Double room with en-suite
Guest bedroom 11 – Double room with en-suite
(Rooms 9 & 10 share a roof terrace with direct access to the beach)
EXTERNAL
Private driveway
Car park for approximately 11 vehicles
On the beach front

Owners’ Accommodation
Detached bungalow with private driveway

Secure entrance leading to
Lounge/dining room
Fitted kitchen
3x double bedrooms all en-suite
Utility and store room

EXTERNAL
Garden with decorative flower beds
1 vehicle garage

UNDER CONSTRUCTION

Work is currently in place: Luxury penthouse suite built with balcony overlooking the sea. Work is to take place from after Christmas and be completed by Easter 2015.

 
Tenure: We are advised freehold
 
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820 Advert ID 39129    Sellers Ref : 3246/BSOL

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