Property Auction House and RICS Registered Valuer

Next Auction:
11/4/2024

Current Lots

Venue:
Remote bidding only

Remote bidding
 

Lot 22

Holmlea Hotel, 74 Palatine Road, Blackpool

Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
Photo of Holmlea Hotel, 74 Palatine Road, Blackpool
No longer available

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Lot 22

This 11 en-suite bedroom hotel includes a breakfast room, mini cinema and two bedroom en-suite private accommodation for owners or management. Established over 35 years ago, the property is currently let on a new 6 year lease (since 1 March 2017) generating £24,000 per annum (only one of two Halal Hotels in the city). The hotel is located on a main road position just outside the town centre of Blackpool in Lancashire and enjoys an excellent trading location being ideally situated within a short leisurely walk of some of the town's most famous attractions including The Winter Gardens.

ACCOMMODATION

GROUND FLOOR: Entrance hall, reception area, mini cinema, Breakfast Room (approx 29 covers)
Private Management Accommodation: One double bedroom, through single bedroom with en-suite, new kitchen
BASEMENT: Dry cellar, used for storage and laundry room
FIRST FLOOR: Triple room with en-suite, Twin room with en-suite, Quadruple room with en-suite Single room with en-suite, Family room with en-suite
SECOND FLOOR: 2 x Double room with en-suite, 2 x Family room with en-suite, Triple room with en-suite, 2x laundry cupboards
EXTERNAL: Secure Parking for 1 car (for owner or manager) at the rear, Front patio and seating area
Side Entrance

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Blackpool Council 01253 477477
Ratebable value: £7,300 pa

VIEWING TIMES

By appointment through the Auctioneers

Enquiry Form

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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