Opis:

Blackpool, Lancashire JUST PAY £25,000 plus legal fee's and spread the balance over 107 months

SELLER FINANCE AVAILABLE/NO MORTGAGE NEEDED

Here is a great opportunity to buy a hotel in Blackpool, Lancashire and spread the
balance over 107 Months
NO MORTGAGE NEEDED
ANYONE CAN BUY
PAY MONTHLY INSTALMENT AND OWN AT END OF TERM
Low entry cost
Pay just our fees/legal fees and a deposit
No mortgage required
Purchase price £120,375
Monthly instalment £1,125
About the property:

9 rooms in total (1 was used for the owner and is ensuite, 2 are family rooms, 5 are double rooms and 1 is currently used for storage but could be another bedroom).

Can accommodate up-to 20 guests per night, currently charge around £25 per person per night

2 rooms are ensuite
All rooms have sinks, bedside cabinets, drawers, wardrobe etc.
Diner & bar
Large kitchen
Large celler for storage
L2 fire alarm system
Gas central heating
Good central location close to the sea front, town centre, bars, restaurants, nightclubs, etc.
Close to all Blackpool attractions like the Pleasure Beach, Sandcastle Water Park, Blackpool Tower, Blackpool Zoo, North Pier, South Pier, Central Pier, Winter Gardens, Stanley Park, Grand Theatre.

Could keep as a hotel, or perhaps potentially turn into flats or single property or student lettings subject to planning permission.
This would be a great addition to your property portfolio.

Please do your own Due diligence regarding conversion
ACCOUNTS:

The owner provided us with the following information......

Predicted turnover for 2014- 2015 had we still been there going by the strength of enquiries, emails etc. would have been in the region of £25,000 part time opening.
we only traded in the summer months closing in winter November to march, so there is loads of improvement in revenue opening all year and xmas, ( bookings for xmas 2014 were passed to a friends hotel bringing in another £2,500-£3,000 for them,
we only did room only or bed and breakfast, doing evening meals and opening all year could bring you inline with other hotel/guest houses in the street with turnovers exceeding £40,000 per anum,
taking stags and hens brings in £500 per night based on 20 guests, mainly 2 night stays at the weekend, (£1,000 per 2 nights)
there are many other ways of improving revenue, Blackpool is open 52 weeks of the year.
its taken a while to go through computer records to find the accounts, but here are some for the past couple of years,
previous records show turnovers of £23,860 to £29,750
you can make as much as you want if your willing to put in the hours. email enquiries have recorded a possible turnover of £25,000 plus had we been trading last year, black pools holiday trade is on the increase again.

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