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Savoy Hotel 6 Central Promenade 20 Room Hotel Isle Of Man IM2 4LU £2,000,000 (£100,000/Room)
INVESTMENT HIGHLIGHTS
- Successfully Operated Prime Sea Front Hotel
- Additional 3 En Suite Apartment and further 1 Bed Apartment
- Commercial Kitchen Facilities
- Generated Impressive Income Leavels and Healthy Profits Year On Year
- Well equipped Gymnasium for Energetic Guests to Enjoy
- 20 Guest Suites accommodating 47 beds
- Licensed Bar and Restaurant with 73 covers
- All furnishings, Fixtures, Fittings, Stock and Future Bookings Included
- Full Renovation Completed in 2021 to Create a Contemporary Look Throughout
- Offered for Sale with No Onward Chain
EXECUTIVE SUMMARY
A commanding and thriving 4* Gold Hotel occupying a prime location on Douglas Promenade, with coastal views from most rooms.
Comprising 20 Guest Suites that sleep 47, Restaurant and Bar with license for 73 covers, contemporary 3 En Suite Bed Apartment, modernized
1 bed apartment and impressive fully equipped Gymnasium make up some of the facilities that this prestigious property offers.
Included within the sale are all furnishings, fixtures, fittings and future bookings, making this an ideal opportunity for anybody seeking to
acquire a successful and established turn key operation.
Comprising 20 Guest Suites that sleep 47, Restaurant and Bar with license for 73 covers, contemporary 3 En Suite Bed Apartment, modernized
1 bed apartment and impressive fully equipped Gymnasium make up some of the facilities that this prestigious property offers.
Included within the sale are all furnishings, fixtures, fittings and future bookings, making this an ideal opportunity for anybody seeking to
acquire a successful and established turn key operation.
PROPERTY FACTS
| Price | £2,000,000 | Total Plot Size | 0.16 ac |
| Price Per Room | £100,000 | Property Size | 5,467 sq ft |
| Sale Type | Investment | No. Rooms | 20 |
| Tenure | Freehold | No. Floors | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1870/2021 |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | B |
| Price | £2,000,000 |
| Price Per Room | £100,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.16 ac |
| Property Size | 5,467 sq ft |
| No. Rooms | 20 |
| No. Floors | 6 |
| Year Built/Renovated | 1870/2021 |
| Corridor | Interior |
AMENITIES
- Fitness Centre
- Pool
- Restaurant
- On-Site Bar
- Beach (direct access)
- Wedding Venue
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Suite | 1 | £189.00 | - |
| Guest Room | 19 | £119.00 | - |
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Savoy Hotel | 6 Central Promenade
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