An exciting opportunity for a buyer looking for a business venture to acquire this 16 letting room hotel situated in this wonderful seaside location.
LOCATION A prime position fronting Great Yarmouth's North Drive seafront amongst many other hotels and guest houses this is the location to be.
A stone's throw from the beach, numerous attractions and the famous Venetian Waterways. A short walk to Great Yarmouth town centre and the Racecourse.
ACCOMMODATION A substantial property arranged over three floors providing 16 guest bedrooms, most with en suites, and many with sea views.
The ground floor provides lounge, bar, sitting room and a large dining room together with owner's accommodation including an office, bedroom and large kitchen.
Externally to the front and the side there is a surfaced forecourt providing ample car parking.
SERVICES We believe that mains electricity, water and drainage are connected to the property. There is a gas fired central heating system.
THE BUSINESS An established hotel which has been trading for many, many years. The current owners have owned the property for four successful years.
The website is www.gableendhotel.com. The hotel comes fully fitted and the current bookings will be transferred to the new owners.
We believe this property would make an attractive proposition for anybody looking to acquire a lifestyle business and is ideal for an owner operator who wants to scale the business to suit their own circumstances.
TERMS The property, fixtures and fittings and business goodwill are to be sold. Guide price £550,000.
TENURE Leasehold 999 years from 1902 (884 years remaining) Ground Rent £12.00 pa
VIEWINGS Strictly by appointment with the selling agents, BYCROFT RESIDENTIAL, tel: 01493 844484.
DISCLAIMER While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
The approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
Any references to garden sizes are approximate and subject to confirmation by a measured survey. A prospective purchaser is advised to arrange for their own land survey to be carried out.
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.
THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS.