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Links Hotel Drummond St 16 Room Hotel Skegness PE25 3BT $1,434,787 ($89,674/Room)
INVESTMENT HIGHLIGHTS
- Highly successful bar/restaurant
- Parking for up to 30 cars
- Large Beer gardens to front and rear
EXECUTIVE SUMMARY
The property is offered as a purchase of the commercial, lease and business which includes the restaurant, bar, kitchens including all fixtures and fittings and goodwill of The Links with an attractive lease term at a price of £175,000 plus stock at valuation. The lease is dated the 11th October 2024. The lease is for term of 10 years from 1st July 2023. There is an agreement in place for a further 10 year lease if required. The annual rent is £24,000 pax. The lease is held on a Full Repairing & Insuring lease.
PROPERTY FACTS
| Price | $1,434,787 | Lot Size | 0.59 AC |
| Price Per Room | $89,674 | Building Size | 7,470 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Tenure | Freehold | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1600 |
| Property Subtype | Hotel | Parking Ratio | 2.68/1,000 SF |
| Building Class | B |
| Price | $1,434,787 |
| Price Per Room | $89,674 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 7,470 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built | 1600 |
| Parking Ratio | 2.68/1,000 SF |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | $102.77 | - |
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Links Hotel | Drummond St
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