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Sunny Days Hotel 391-395 Promenade 33 Room Hotel Blackpool FY1 6BH $1,080,705 CAD ($32,749 CAD/Room) 8.35% Cap Rate
Investment Highlights
- 28-bedroom licensed hotel, all en-suite, according to the property features section
- Substantial four-storey building in good order throughout
- Games room with seating for 24 guests
- The description refers to a 33-bedroom licensed hotel, so the final bedroom count should be verified
- EPC rating C
- Double glazing, central heating, L2 fire alarm system and CCTV
Executive Summary
The property comprises a substantial four-storey licensed hotel on South Promenade, Blackpool. It is currently let on a 10-year FRI lease expiring in 2030, with the tenant stated as paying £45,000 per annum and rent reviews every three years. The brochure also notes an alternative rent figure of £48,000 per annum, so the passing rent should be confirmed during due diligence. The hotel may be purchased with vacant possession or with the option of retaining the tenant, and the sale is subject to Pattinson Auctions’ fees, terms and conditions.
Property Facts
| Price | $1,080,705 CAD | Building Class | B |
| Price Per Room | $32,749 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 10,164 SF |
| Cap Rate | 8.35% | No. Rooms | 33 |
| Sale Condition | Auction Sale | No. Stories | 4 |
| Tenure | Freehold | Year Built | 1970 |
| Property Type | Hospitality | Parking Ratio | 2.31/1,000 SF |
| Property Subtype | Hotel |
| Price | $1,080,705 CAD |
| Price Per Room | $32,749 CAD |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 10,164 SF |
| No. Rooms | 33 |
| No. Stories | 4 |
| Year Built | 1970 |
| Parking Ratio | 2.31/1,000 SF |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 33 | $216.14 CAD | - |
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Sunny Days Hotel | 391-395 Promenade
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