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Sunny Days Hotel 391-395 Promenade 33 Room Hotel Blackpool FY1 6BH £575,000 (£17,424/Room) 8.35% Net Initial Yield
Investment Highlights
- 28-bedroom licensed hotel, all en-suite, according to the property features section
- Substantial four-storey building in good order throughout
- Games room with seating for 24 guests
- The description refers to a 33-bedroom licensed hotel, so the final bedroom count should be verified
- EPC rating C
- Double glazing, central heating, L2 fire alarm system and CCTV
Executive Summary
The property comprises a substantial four-storey licensed hotel on South Promenade, Blackpool. It is currently let on a 10-year FRI lease expiring in 2030, with the tenant stated as paying £45,000 per annum and rent reviews every three years. The brochure also notes an alternative rent figure of £48,000 per annum, so the passing rent should be confirmed during due diligence. The hotel may be purchased with vacant possession or with the option of retaining the tenant, and the sale is subject to Pattinson Auctions’ fees, terms and conditions.
Property Facts
| Price | £575,000 | Costar Property Class | B |
| Price Per Room | £17,424 | Total Plot Size | 0.10 ac |
| Sale Type | Investment | Property Size | 10,164 sq ft |
| Yield | 8.35% | No. Rooms | 33 |
| Sale Condition | Auction Sale | No. Floors | 4 |
| Tenure | Freehold | Year Built | 1970 |
| Property Type | Hospitality | Parking Allocation | 2.31/1,000 sq ft |
| Property Subtype | Hotel |
| Price | £575,000 |
| Price Per Room | £17,424 |
| Sale Type | Investment |
| Yield | 8.35% |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.10 ac |
| Property Size | 10,164 sq ft |
| No. Rooms | 33 |
| No. Floors | 4 |
| Year Built | 1970 |
| Parking Allocation | 2.31/1,000 sq ft |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 33 | £115.00 | - |
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Sunny Days Hotel | 391-395 Promenade
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