LINCOLNSHIRE COAST - PROFITBALE 7 BEDROOM GUESTHOUSE WITH CAR PARK AND BAR
Chapel St. Leonards, Skegness, Lincolnshire
Ref: 46295
Offers Over
£250,000
Freehold
1 / 10
Key Features
Precis
7 bedroom B&B/Guesthouse located in Chapel St. Leonards, Lincolnshire. benefiting from a car park, 1 bedroom owners accommodation, catering kitchen and 3 distinct guest areas. Profitable business FREEHOLD opportunity.
Location
The Seayr Hotel is situated in the coastal village and north sea beach resort of Chapel St. Leonards, located approximately 5 miles north of Skegness, 3 miles north of Ingoldmells and 39 miles east of the county capital city of Lincoln.
Due to its close proximity to the coast and several miles of beachline, Chapel St. Leonards is renowned for caravan park and campsite holidays, attracting visitors all year round. Nearby tourist attractions include the Fantasy Island Theme Park, Lincolnshire Wolds Area of Outstanding Natural Beauty and the North Sea Observatory built in 2018. The village benefits from a number of public houses, convenience stores and a hospital.
The Seayr Hotel occupies a two-storey detached brick building under slate tile roof and benefits from being only a short walk from the beach front and main amenities.
Due to its close proximity to the coast and several miles of beachline, Chapel St. Leonards is renowned for caravan park and campsite holidays, attracting visitors all year round. Nearby tourist attractions include the Fantasy Island Theme Park, Lincolnshire Wolds Area of Outstanding Natural Beauty and the North Sea Observatory built in 2018. The village benefits from a number of public houses, convenience stores and a hospital.
The Seayr Hotel occupies a two-storey detached brick building under slate tile roof and benefits from being only a short walk from the beach front and main amenities.
Property
GROUND FLOOR
Entrance porch with carpet flooring and seating for 4. Inner hall with carpet flooring under stairs storage cupboard and stairs rising to the 1st floor letting accommodation.
GUESTS LOUNGE with seating for 20, carpet flooring, and electric feature fireplace. RECEPTION AREA/BAR with wooden bar servery/reception desk and private toilet. PRIVATE LOUNGE with carpet flooring and seating for 6.
BREAKFAST ROOM with seating for 24, communal breakfast bar and carpet flooring.
DINING ROOM/Private owners double bedroom (could be converted back into additional trade space). Fully fitted CATERING KITCHEN.
Sheltered COURTYARD/CONSERVATORY with games area and pool table, concrete flooring, ceiling fan, and external side access door.
LETTING ACCOMMODATION
GROUND FLOOR : COMMUNAL STORE AND LAUNDRY ROOMS.
DETACHED SINGLE- STOREY ANNEXE
DOUBLE BEDROOM. LOUNGE/DRESSING ROOM. BATHROOM (currently used as a dressing room/storage) although could be used as additional letting space or used as private accommodation.
BEDROOM 7 Double with shower en-suite. private front entrance. front seating patio/area.
First Floor : LANDING WITH BALCONY allowing seating for 3.
BEDROOM 1 - Double with shower en-suite. Shared balcony with room 5
BEDROOM 2 - Double with shower en-suite. Private balcony
BEDROOM 3 - Family room with shared separate bathroom with room 4
BEDROOM 4 - Double with shared separate bathroom with room 3
BEDROOM 5 - Double with shower en-suite. Shared balcony with room 1
BEDROOM 6 - Family room with shower en-suite
EXTERNAL
Front CAR PARK with space for 6 vehicles. Oil tank. Storage shed/"lean to".
Entrance porch with carpet flooring and seating for 4. Inner hall with carpet flooring under stairs storage cupboard and stairs rising to the 1st floor letting accommodation.
GUESTS LOUNGE with seating for 20, carpet flooring, and electric feature fireplace. RECEPTION AREA/BAR with wooden bar servery/reception desk and private toilet. PRIVATE LOUNGE with carpet flooring and seating for 6.
BREAKFAST ROOM with seating for 24, communal breakfast bar and carpet flooring.
DINING ROOM/Private owners double bedroom (could be converted back into additional trade space). Fully fitted CATERING KITCHEN.
Sheltered COURTYARD/CONSERVATORY with games area and pool table, concrete flooring, ceiling fan, and external side access door.
LETTING ACCOMMODATION
GROUND FLOOR : COMMUNAL STORE AND LAUNDRY ROOMS.
DETACHED SINGLE- STOREY ANNEXE
DOUBLE BEDROOM. LOUNGE/DRESSING ROOM. BATHROOM (currently used as a dressing room/storage) although could be used as additional letting space or used as private accommodation.
BEDROOM 7 Double with shower en-suite. private front entrance. front seating patio/area.
First Floor : LANDING WITH BALCONY allowing seating for 3.
BEDROOM 1 - Double with shower en-suite. Shared balcony with room 5
BEDROOM 2 - Double with shower en-suite. Private balcony
BEDROOM 3 - Family room with shared separate bathroom with room 4
BEDROOM 4 - Double with shared separate bathroom with room 3
BEDROOM 5 - Double with shower en-suite. Shared balcony with room 1
BEDROOM 6 - Family room with shower en-suite
EXTERNAL
Front CAR PARK with space for 6 vehicles. Oil tank. Storage shed/"lean to".
The Business
Our client has owned and operated the Seayr Hotel since October 2016 and during this time has created a successful repeat business destination seaside venue. The property currently operates as a Guesthouse/Bed & Breakfast offering 7 attractive guest rooms all including tea and coffee making facilities and a flat screen television. The business’s main clientele comprises mature over 50's who are in search of traditional accommodation; usually grandparents of family holiday makers who are staying at one of the many surrounding caravan parks/holiday resorts.
The property offers masses of potential for a new operator to develop the currently limited drinks offering by way of the bar located in the reception area, as well as expanding the current menu which is available during breakfast times only. There is also scope to increase the bedroom numbers with only 7 of the 8 bedrooms currently being used as letting accommodation. The other is used as a dressing room/store area/potential owners accommodation. The current owner’s bedroom, located in the dining room, also offers the potential to convert back into additional trade space.
It is in our opinion that the introduction of community and entertainment events would lead to an increase in turnover and subsequent profits. The business is currently supported by a dynamic website and social media accounts which will be passed over to the subsequent buyer on completion.
Turnover for the year end March 2020 stood at £46,517, resulting in a net profit of £16,528. Further accounting detail will be made available to serious parties following a formal viewing.
The property offers masses of potential for a new operator to develop the currently limited drinks offering by way of the bar located in the reception area, as well as expanding the current menu which is available during breakfast times only. There is also scope to increase the bedroom numbers with only 7 of the 8 bedrooms currently being used as letting accommodation. The other is used as a dressing room/store area/potential owners accommodation. The current owner’s bedroom, located in the dining room, also offers the potential to convert back into additional trade space.
It is in our opinion that the introduction of community and entertainment events would lead to an increase in turnover and subsequent profits. The business is currently supported by a dynamic website and social media accounts which will be passed over to the subsequent buyer on completion.
Turnover for the year end March 2020 stood at £46,517, resulting in a net profit of £16,528. Further accounting detail will be made available to serious parties following a formal viewing.
Tenure
FREEHOLD OFFERS OVER £250,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Licence
A full Premises Licence is held allowing the supply of alcohol between the hours of:
11:00-23:00 Monday to Sunday.
11:00-23:00 Monday to Sunday.
Services
All mains services are connected. Oil fired central heating. The property also benefits from a fire alarm.
LOCAL AUTHORITY
East Lindsey District Council
Tedder Hall
Manby Parek
Louth
Lincolnshire LN11 8UP
Rateable Value: To be confirmed.
LOCAL AUTHORITY
East Lindsey District Council
Tedder Hall
Manby Parek
Louth
Lincolnshire LN11 8UP
Rateable Value: To be confirmed.
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Zaine Lamont
Eastern Counties
