Tenanted 24 Bedroom Hotel – Producing £52,000 pa.

Two Grade II Listed Promenade villas which have been joined together and substantially extended to the rear providing facilities for the hotel's 24 bedrooms. Externally the property has decking to the rear and parking to the front. Accommodation: The hotel provides a total of 24 bedrooms which are located at ground, first and second floor levels in the two adjoining buildings. A selection of bedrooms are fully equipped mini suites with kitchen facilities. Tenancy: We have been provided with a lease showing that the hotel is currently let by way of a 3 year lease from 1/2/2024 to 31/1/2027 at a rent of £52,000 per annum Location: Prominently positioned on The Promenade with views across Marine Lake, Kings Gardens and the sea front. Centrally located and convenient for the town centre, Southport railway station, and all main attractions, including the resort's amusement parks, theatres and shopping. Southport is also situated at the centre of England's golf coast and has the UK's highest concentration of Championship Links courses with Royal Birkdale Golf Club in the town having hosted the Open Championship nine times most recently in 2017 and due to host again in 2026. Tenure: Freehold (2 x titles) Title number: MS365836 & MS483132 Local Authority: Sefton Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Sefton Council

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.