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Kensington Hotel South Promenade 56 Room Hotel Blackpool FY1 6AJ £990,000 (£17,679/Room) 12.10% Net Initial Yield
Investment Highlights
- Prominent seafront location on Blackpool’s South Promenade
- Secure 7-year lease from May 2023
- EPC Rating C
- 62 en-suite bedrooms arranged over multiple floors
- On-site parking for 22 cars
- Private owner/staff accommodation
Executive Summary
The property comprises a substantial seafront hotel investment prominently positioned on Blackpool’s South Promenade, between Central and South Pier. The hotel is let on a secure 7-year lease from May 2023, producing a current income of £120,000 per annum. The asset includes 62 en-suite bedrooms, extensive public areas, sea-view accommodation, and a private car park. The property is offered freehold and presented in good order throughout, making it a stable, income-producing leisure investment with strong frontage and long-term income visibility.
Property Facts
| Price | £990,000 | Costar Property Class | C |
| Price Per Room | £17,679 | Total Plot Size | 0.52 ac |
| Sale Type | Investment | Property Size | 22,750 sq ft |
| Yield | 12.10% | No. Rooms | 56 |
| Sale Condition | Auction Sale | No. Floors | 4 |
| Tenure | Freehold/Long Leasehold | Year Built | 1955 |
| Property Type | Hospitality | Parking Allocation | 0.44/1,000 sq ft |
| Property Subtype | Hotel |
| Price | £990,000 |
| Price Per Room | £17,679 |
| Sale Type | Investment |
| Yield | 12.10% |
| Sale Condition | Auction Sale |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.52 ac |
| Property Size | 22,750 sq ft |
| No. Rooms | 56 |
| No. Floors | 4 |
| Year Built | 1955 |
| Parking Allocation | 0.44/1,000 sq ft |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 56 | £94.00 | - |
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Kensington Hotel | South Promenade
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