• Excellent Hotel with Additional Development Potential

    31061
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    Excellent Hotel with Additional Development Potential
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    Under offer £2,000,000 
    South Coast Town
    • • 30+ bedrooms
    • • Potential to increase rooms
    • • Residential development possible
    • • Very profitable business
    • • Close to seafront in busy town

    Description

    This is an excellent opportunity to acquire a profitable, established 30+ bedroom hotel close to the seafront in a popular South Coast Town.  There are two restaurants, lounge bar, function facilities and large owner/manager's accommodation.  Guest accommodation incudes a number of apartment-style suites.

    The business operates very profitably but there is scope to further develop in order to expand the hotel.  It may also be possible redevelop the entire property to residential apartments (STPP).

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