The Vine Hotel, Vine Road, Seacroft, Skegness, PE25 3DB

The hotel dates back to 1770 and is reportedly the oldest property in Skegness. It is known for its connection to Alfred Lord Tennyson and is home to ‘Tennyson’s Tree’, which is where he is known to have written much of his work.
The property comprises 25 well-presented en suite letting bedrooms, a spacious and modern wedding/functions room, restaurant and two separate bars.

The property is set in around three acres and features lawned gardens, a weddings gazebo and additional trading areas, including five dining pods.

Planning permission has been granted for the creation of 20 additional lettings bedrooms.

The Vine Hotel is located on Vine Road in the Seacroft area of Skegness, which in turn is located approximately one mile south of Skegness town centre and the heart of the resort town’s attractions.

Skegness is a popular destination for holidaymakers from the North and Midlands. The main routes into Skegness are the A158 from the North, the A52 from the South, Lincoln 43 miles to the West, with Louth 25 miles to the North and Boston 25 miles to the South.

The main property briefly comprises:

Reception with office, restaurant (48), Tennyson Bar (40), Oak Bar (30), Summersby weddings/functions room (120) and meeting room (20) with sun terrace Ancillary areas include a commercial catering kitchen including two Rationales and a pizza oven Customer toilets including two accessible toilets and cellar.

Fixtures and fittings are included with the exception of items that are personal to our clients.

The hotel features 25 en suite letting bedrooms, arranged as follows:
• 10 standard Doubles
• 5 Twins
• 5 Luxury Kings
• 2 Family Rooms
• 2 Singles
• 1 Bridal Suite

All rooms feature a TV and tea/coffee making facilities

Set in around three acres, the outside area briefly comprises: Lawned gardens with wedding gazebo, five dining pods (50) , bench seating, car park for circa 80 vehicles and storage.

The Vine Hotel was acquired by the current owners over 10 years ago. In that time, they have invested in the property significantly and developed a strong reputation, which is evidenced by the 4 Star Tripadvisor rating.

New owners will have the opportunity to further develop the business by creating at least 20 additional letting bedrooms.

Advised turnover up to 30th April 2024 is £1,227,969 with EBITDA of £147,959.

Further trading information will be made available to genuinely interested parties.

Full Planning permission has been granted (10/8/2023) for the demolition of some of the existing outbuildings and storage unit in order to erection of three new buildings to provide overnight holiday accommodation. These three buildings would accommodate an additional 20 guest spaces. Further details can be found on the East Lindsey planning portal.

These additional rooms would provide an increase to both the room revenue and also the food and drink.

Premises licence. Civil Ceremonies licence.