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HOTEL FOR SALE. Marine Road Central, Morecambe - Under Offer

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Guide Price £575,000

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    01524 69922
    FOR SALE Substantial licenced hotel in a prime central location on Morecambe Seafront. Freehold property with 41 Bedrooms (33 Ensuite 3 Semi ensuite) + an occupiers one bedroom flat, lifts to all floors and parking to the rear for upto 7 cars. Huge scope for further development of the business or possibly alternative use (subject to planning).

    LOCATION
    Morecambe is a popular holiday destination sitting on the eastern shores of Morecambe Bay looking towards the Lakeland Fells. Preston is located some 28 miles to the south, Lancaster 3 miles to the east and to the north and west lie the Lake District and Yorkshire Dales National Park respectively. The town boasts a wealth of attractions and is benefitting from ongoing development and regeneration initiatives including the ultimate re-opening of the Winter Gardens theatre, a new third Nuclear Power Station at nearby Heysham and completion of the Heysham M6 link which will significantly improve journey times between the town and the nearby M6 motorway Junction 34. Further offshore projects will also have a bearing on the local economy and this Hotel is well placed to take on the extra footfall that these initiatives will undoubtedly bring.

    DETAILS
    This is a substantial 41 bedroom Licensed Hotel occupying a commanding position on the Central Promenade overlooking Morecambe Bay with stunning views across the bay to the Lakeland Hills. They are traditional Victorian seafront premises, elevated above the promenade with layered front patio gardens, outside seating areas for residents to enjoy the breathtaking views. The property consists of 41 Bedrooms, reception area, dining room, kitchens, a substantial cocktail bar with dancefloor and occupiers flat. There are three outbuildings providing additional development potential and parking for upto 7 cars.

    RATES
    £10,000 pa

    TENURE
    Freehold

    BUSINESS DATA
    Our vendor currently operates from Easter to October only and has recently terminated coach contracts which could easily be reinstated should new owners wish. Operated by our vendor with one full time manager and 6 part time staff, the turnover is currently £130,941p/a with plenty of scope to increase significantly by reinstating the coach trips.

    SERVICES
    The property benefits from main service connections in respect of gas, electricity, water and drainage.

    VIEWING
    Strictly by prior appointment with the sole agents, Fisher Wrathall
    Tel. 01524 69922 e-mail commercial@fisherwrathall.co.uk

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    • Alternatively, you can call our offices on:
    01524 68822