£0 £1000000
£0 £1000000

Seayr Hotel, Lincolnshire, PE24 5TL

Skegness, Lincolnshire

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Sold

£309,000 +SAV

Ref: 2430

Freehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established guest house business set within the popular village of Chapel St. Leonards, Lincolnshire. The business was established in the 1970s and has been in our clients careful ownership since 2006. Only now is the business being offered to the market due to our clients other interests. The business operates all year round and generates a turnover in the region of £40,000 per annum, with a gross profit of approximately 88%. The turnover is generated from the letting of 7 guest rooms, most of which offer en-suite facilities, as well as a traditional English breakfast. The property is well presented and maintained throughout. The premises also boasts private owner’s accommodation and a commercial kitchen. The business has built up an enviable reputation for the high quality accommodation offered, which has resulted in a very loyal client base, with an excellent volume of repeat trade, as well as word of mouth referrals. The business has received excellent reviews on the travel website Trip Advisor. We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the business and the excellent services offered. There is also scope to offer evening meals, as this was offered before and proved popular. A new owner could also open the bar and restaurant to the general public. The business already has a website in place, which could be updated and incorporate online booking facilities. This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Turnover
The business generates a turnover in the region of £40,000 per annum, with a gross profit of approximately 88%.

The business is owner run and managed.

The business is open all year round.

The Seayr Hotel occupies substantial premises, ideally located within the village of Chapel St. Leonards in the East Lindsey district of Lincolnshire. The village is a popular holiday destination, close to several miles of beach and close to Fantasy Island, several market towns and the Lincolnshire Wolds, making the guest house an ideal base from which to discover the area. A Chapel St. Leonard’s landmark is Chapel Point, which is one mile north from the centre of the village and is a restored Second World War coastal defensive line; the restoration included the gun structure and the viewing platform. The property is just a short distance from the village centre, just a 5 minute walk to the beach and a 5 minute walk to the Club Tropicana, which hosts a lot of family entertainment and an indoor swimming pool that is open to the general public. The guest house is also close to many eateries and public houses. The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is in Skegness, approximately 6½ miles away. The area is also well served by the A-roads, with the A52 being within easy driving distance, which links to the national A-road and motorway networks. Boston is approximately 30 miles away and Lincoln is 45 miles away.

Prominent two-storey premises, in a prime trading location, briefly comprising: Ground floor with: Enclosed porch leading to main entrance. Hallway leading to: Lounge/guest bar area with curved bar, electronic cash register and optics display.Dining room with partitioned dining areas and two wall heaters.Large conservatory with a grapevine, snooker table and bar area. Owner’s accommodation with: Private lounge.Double bedroom with en-suite bathroom.Internal passage leading to laundry room with 2 x washing machines and 2 x tumble dryers.Kitchen with 6 x burner hob, 3 x pot Bain Marie, double counter top deep fat fryer, grill, 2 x microwave ovens, dishwasher, stainless steel sink unit, hand wash basin, upright refrigerator, chest freezer, upright freezer, 2 x extractor hoods and central workstation.Private dining room/office.Small double room with private WC and wash hand basin (currently in use by a relative). Guest room 7: double with en-suite shower room with optional internal and separate external access. First floor with: Split landing area with external door to front balcony seating area.Guest room 1: Double with en-suite shower (this room has an external door leading to a large rear balcony, which is shared with room 5).Guest room 2: Double with en-suite shower and private balcony.Guest room 3: Family room with double bed, bunk beds and wash hand basin.Guest room 4: Double room with wash hand basin.Private shower room opposite guest rooms 3 & 4.Guest room 5: Double with en-suite shower and patio door to rear balcony.Guest room 6: Double with en-suite shower. All guest rooms boasts tea/coffee making facilities and TVs. External with:Front drive parking area.New alarm system, which has been commissioned.New fuse box and all electric has been certificated.

Tenure
We are advised Freehold.

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