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Coasters Holiday Apartments, 10 North Parade, Skegness, PE25 2UB

£695,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Guest house for sale

Key features

  • 21 stunning self-catering holiday apartments
  • Modern and contemporary rooms
  • Ideally positioned, sea front location
  • Lounge, dining room and bar area
  • Car parking to the rear
  • Energy Rating B
  • Christie & Co Ref: 5740693

Description

Description

Coasters is a dominating and attractive period building ideally positioned on North Parade.

Location

Coasters is a good-sized property containing a number of beautiful holiday apartments located on North Parade in the heart of Skegness, adjacent the famous pier and seafront. The apartments are presented to a high standard and offer an alternative stay to a traditional guest house or caravan to guests, offering a much more convenient, flexible stay for this incredibly popular East Coast resort. It is reported that over four million tourists visit the coastline and Lincolnshire Wolds each year, with 2023 being the highest ever recorded spend (Lincolnshire Live 10th September 2024).

Internal Details

There is a welcoming entrance hall to the ground floor as well as a relaxing bar and lounge/dining area plus a manager’s office, kitchen and prep area.

Other Floors

There is a large boarded out loft with walk-in storage.

Fixtures & Fittings

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

Letting Accommodation

The apartments are located over four floors and offer a variety of different sizes of accommodation to cater for all types of guests. All are en suite and include; standard and large studio apartments sleeping two, one bed apartments sleeping two to four, two bed sea view apartments sleeping four to six and one bed sea view apartments sleeping two to four. Each of the apartments are well equipped, tastefully decorated and pleasant to spend time in.

External Details

To the rear there is a car parking area with approximately 4/6 parking spaces which leads to rear access to the building. There are two storage sheds.

The Opportunity

Our selling client has operated the business for a number of years and attracts a good level of occupancy. Guests come from a wide range of locations and the business benefits from using a number of booking sites and returning guests.

Trading Information

The hotel benefits from a strong trading performance and we understand the Turnover is £123,322 for the year ending 31st December 2023 with an EBITDA of £19,999 for the same period. These details can be shared in full with seriously interested registered parties.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Energy Performance Certificates

EPC 1

Brochures

Coasters Holiday Apartments, 10 North Parade, Skegness, PE25 2UB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Skegness Station0.6 miles
  • Havenhouse Station3.8 miles
  • Wainfleet Station5.4 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5740693-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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