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Peasholm Park Hotel is a highly successful detached establishment, occupying a quite superb elevated position on
the popular northside of Scarborough, lying close to a number of local
attractions such as the Open Air Theatre, Peasholm Park, Alpamare
Waterpark and is a 5 minute walk from Scarborough's North Bay.
The property is
presented to a good
standard throughout, benefiting from 13 letting guest rooms, all with
en-suite facilities together a sizeable breakfast room, residents lounge, commercial kitchen and spacious owner's accommodation. The business benefits from a good online
presence and comes to the market for the first time in 17 years due to retirement. Viewing is highly recommended.
Scarborough is an established commercial, tourist and retail centre, lying approximately 40 miles east of York with a population of in the region of 81,000 people and a district population of around 110,000 persons (Sources: ONS and Focus). The town is adjacent to the North Yorkshire Moors National Park and is one of the principal resorts on the north east coast, attracting an estimated 7 million visitors a year. More precisely, the property occupies a quite superb position, elevated on the corner of Victoria Park, Columbus Ravine & Victoria Park Avenue and stands opposite to famous Peasholm Park. The property is perfectly situated for guests to explore Scarborough, particularly the popular northside which benefits from the North Bay, The Open Air Theatre (which has attracted acts such as Britney Spears, Elton John and Lionel Richie recently) and Alpamare Waterpark whilst a multiplex cinema with restaurants and apartments is planned on the former Water Splash World site.
The property comprises of a detached 13 letting bedroom hotel of brick and rendered construction under a pitched and tiled roof incorporating flat sections, hips and valleys. The property can be accessed from both Victoria Park Avenue and also Victoria Park. The guests enter through a conservatory and into the reception area. At ground floor level there is a residents lounge, commercial kitchen, utility, owner's lounge, owner's bedroom with en-suite together with a very generous double breakfast room. At lower ground floor level there is a useful storage area, bedroom and bathroom. The first floor provides 4 double, 3 twin and 1 family guest bedrooms all with en-suite facilities with a further 5 en-suite guest bedrooms at second floor level. The property benefits from 2 dedicated off street carparking spaces together with an external store and yard.
The business currently trades under the VAT threshold based on an 9 month season, however there is huge scope to increase trade by opening all year round. Accounts are available to view to all seriously interested parties.
The vendor is currently putting together an inventory of all items to be included in the sale.
Rateable Value - £8,100 At the time of writing the property qualifies for 100% business rates relief. Council Tax - Band A
The property benefits from mains electricity, gas and water supplies. Prospective purchasers are advised to make their own enquiries with regards to services.
All figures quoted are exclusive of VAT however, our client reserves the right to charge VAT if applicable.
By appointment only via the Sole Agents: CPH Property Services 19 St. Thomas Street Scarborough YO11 1DY Contact: Joe Walker MRICS Tel: 01723 352235 Email: firstname.lastname@example.org