This seafront hotel presents a rare opportunity for renovation and investment in a prime coastal location. Featuring 21 spacious ensuite bedrooms, the property is set across four floors with generous communal spaces, including a lounge, breakfast/dining area, and a bar. The entrance is accessible via a small flight of steps leading to the reception area, which connects to various essential facilities such as guest toilets and ancillary spaces, including an owner's apartment and a well-equipped kitchen.
Located in St Leonards-on-Sea, this hotel benefits from its proximity to vibrant local amenities, making it an attractive destination for tourists and families alike. The town boasts a scenic seafront and easy access to nearby restaurants and shops, along with convenient transport links to Eastbourne, Brighton, and London—making it an ideal base for both leisure travelers and business visitors.
The property sits on a corner plot at the intersection of Grand Parade and Market Street. While currently operated as a lifestyle hotel by its owner of nearly 40 years, there is significant potential for revenue enhancement through active management or refurbishment. Many rooms offer sea views or balconies that could be further capitalized upon with updates aimed at modern travelers' preferences.
Additionally, the owner’s accommodation features a self-contained one-bedroom apartment with ample living space. This setup may appeal to prospective buyers keen on maintaining on-site management while exploring operational improvements.
Given the area's residential development trends, there exists potential for converting the property into luxury apartments; any such venture would require careful consideration of planning regulations but could lead to substantial returns on investment. Current financial estimations show a net turnover of £54,881 as of March 2024, with further details available upon request.
The existing rateable value stands at £16,500 (effective from April 2023), which serves as an initial indicator for taxation rather than indicative of actual expenses incurred. This multifaceted property represents not just a hospitality opportunity but also invites creative approaches aimed at enhancing its value in an appealing seaside locale.
