Confidential Sale - This is a substantial privately owned hotel located in Eastbourne that is presented to the market.
The property is arranged over 6 levels, with a basement, lower ground floor, upper ground, first, second and third floor level. The hotel has a gross internal area of 12,395 sq ft (1,151 sq m). The hotel sits on a 0.1016 acres (0.0411 ha) site with the building occupying 80% site coverage. There is a private owner’s garden at the rear of the property, with also a front terrace with guest seating.
The hotel has been attractively refurbished and upgraded during the course of the current ownership to provide 30 attractive en-suite bedrooms (currently 3 bedrooms are being used for owner’s accommodation). Internally at ground floor there is the reception, main lounge bar area, office and back of house areas. A lift is also located to the right of the bar which services every floor. The restaurant and commercial kitchen are located on the lower ground floor level.
Our informal planning enquiries suggest that the permitted use of the property is as a hotel (Class C1). The property is not Listed but it does lie within a conservation area.
TUPE regulations apply and all staff will transfer with the business.
Fixture & Fittings
All fixtures and fittings are included in the sale, less any personal items.
Offers are invited in the order of £1,650,000 for the freehold business with all fixtures and fittings available and ready for continued trade.
Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes, such tax will be payable by the purchaser in addition to the sale price. It is envisaged the sale will be treated as a TOGC and therefore VAT will not apply.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.
Operates as a mid-market ‘bed and breakfast’ hotel which can cater for coach parties as well as business users, couples visiting over the weekends, as well as tourists attracted the wider area.
The room rates vary depending on the time of year and popularity but included below is a breakdown rate.
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