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Home > Buy a Business > Businesses for Sale > Former Hotel
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Former Hotel - East Sussex - Business for sale
| Ref No. |
Turnover |
Profit |
Asking Price |
| 614861 |
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£4,500,000 |
Description
Fully managed substantial former hotel in this premier South Coast town, currently let as an HMO to homeless people via the local authority. Currently producing a monthly income of around £62,500 with NP of around £450k, this is a highly profitable concern. Planning permission has also been obtained for the demolition of the existing building and the construction of 65 one, two and three-bed apartments with a total gross internal floor area of 4,714 sq. m. and 61 underground parking spaces with a gross internal floor area of 1,679 sq. m. Freehold.
Details
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