Large Hotel in Great Yarmouth Norfolk For Sale

Great Yarmouth, Norfolk, England

Advert Ref: 3342

Business Description

Preferred Commercial is delighted to offer for sale this busy 40-bedroom hotel, parts of which date back to the 17th century and which has been in our clients' careful hands since 2010. The hotel is only now being offered to the market due to our client's wish to retire. The business trades all year round and generates a turnover in the region of £732,000 per annum with a gross profit of 73%. Our client offers 40-letting rooms, an excellent selection of alchohol, along with breakfast and evening meals in the restaurant. We feel the turnover could be further increased by embarking on a modest marketing campaign and there is scope to host functions, such as wakes, weddings and birthday parties as well as corporate business. We are advised that local windfarm developments have improved turnover and the business is expecting 99% occupancy rate for the next 10 years. The business has an enviable reputation and enjoys a loyal customer base with much repeat trade. There is a website in place advertising the business and services provided with online booking facilities. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. There is also self-contained 1-bedroom owners' accommodation with lounge, kitchen and bathroom. This is an ideal opportunity to acquire an already busy hotel with tremendous scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Business Status

Business for sale

Property

Freehold

Location

This 40-bedroom hotel occupies substantial 4-storey premises, ideally located in a prominent trading position in the heart of the busy seaside resort of Great Yarmouth, Norfolk. The premises benefit from ample parking in the vicinity and are surrounded by a wealth of complementary shops and businesses. The local amenities and shops are nearby and the seafront is just a short walk away. The area is well-served by public transport with numerous bus stops nearby and is a highly desirable place in which to live and work. Great Yarmouth is a popular resort with many tourist attractions and a good mixture of pubs, shops, cafes and restaurants. There is easy access to the A-road network with Norwich city centre approximately 20 miles to the west and Lowestoft approximately 10 miles to the south. 

Premises Details

Substantial 4-storey hotel premises with 40-letting rooms and 1-bedroom owners' flat. Briefly comprising:

Ground Floor

• Lounge with tables and chairs for up to 40, open fire place and reception desk  

• Ladies and gents WCs with wash hand basins

• Main bar with tables and chairs for up to 45

• Restaurant with tables and chairs for up to 120, bar with 3 x 2-door chillers, pumps, optics display, coffee machine, 2 x electronic cash machines, ice machine, glass cleaner and wine refrigerator

• Commercial kitchen - full list of equipment available

First Floor

• 3 x double bedrooms with en-suite facilities

• 6 x twin bedrooms with en-suite facilities

• Single bedroom with en-suite facilities

• Ladies and gents WCs with wash hand basins

• 2 x laundry rooms

• Large recently refurbished function room with capacity for up to 120, bar servery and access to terrace

• Small function room with capacity for up to 60

• Kitchen, services 1st floor function rooms

Second Floor

• 14 x double bedrooms with en-suite facilities

• 4 x twin bedrooms with en-suite facilities

• 2 x family bedrooms with en-suite facilities

• 2 x single bedrooms with en-suite facilities

• Laundry room

Third Floor

• 2 x family bedrooms with en-suite facilities

• 3 x double bedrooms with en-suite facilities

• 2 x twin bedrooms with en-suite facilities

• Single bedroom with en-suite facilities

Owners' S/C Apartment

• Double bedroom

• Kitchen

• Lounge / Diner

• Bathroom with separate shower

Trading Hours

All year round

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.