Commercial property for sale in Portsmouth

DescriptionDetached property providing six ensuite bedrooms with kitchen, dining room, cinema room, games room, lounge and external terrace with hot tub. LocationSouthsea is a popular resort area with a long beachfront, seafront gardens, a large common, and various amenities around South Parade Pier. The area above the coastline is densely populated with residential and commercial properties giving it a distinct independent feel. To the south lies Clarence Esplanade and the beach. The area also boasts numerous boutique B&Bs and Airbnb venues. Southsea is situated 22 miles (36 km) southeast of Southampton and 21 miles (33 km) west of Chichester. It is administered by Portsmouth City Council. Notable tourist attractions in the area include the Spinnaker Tower, Mary Rose Museum, Portsmouth’s historic dockyard, Southsea Castle, and Southsea Pier. Portsmouth’s local airport is Southampton, located 35 minutes away by car, and the city is also an important port for cross-channel and international ferry services as well as cruises and services from Gunwharf Quays to the Isle of Wight. Major employers include BAE Systems, Babcock International, Airbus Space & Defence, Bell Microsystems and IBM. Internal DetailsThe property provides six boutique ensuite letting bedrooms with ground floor kitchen, cinema and games room. There is a full kitchen providing extensive cooking facilities with a large dining room adjacent. Fixtures & FittingsAll trade fixtures and fittings are included in the sale, except for some personal effects. An inventory will be provided once an offer has been accepted. External DetailsThe property has a side and rear terrace with hot tub. Owner's AccommodationThere is no owner's accommodation on site. The OpportunityThe Clarence currently trades on a hybrid model as a self-catering holiday let accommodation for small groups or extended weekend family bookings as well as single or multiple night stays during the week for leisure and corporate guests as desired to increase occupancy. This provides the opportunity for a new owner to continue the hybrid model or focus purely on longer self-catering business or conventional single night stays. The property trades from its website Trading InformationManagement accounts for the year ending 31st December 2024 show net turnover of £202,683 and net profit £147,834. * Occupancy: 74.27% * ARR £124.27 * RevPAR £92.30 TenureThe Freehold to be sold as a trading going concern (TOGC) inclusive of fixtures and fittings with stock in addition at valuation (SAV). Business RatesCurrent rateable value (1 April 2023 to present) £12,250. RegulatoryPremises Licence. Any prospective purchaser must have a Personal Licence and apply for transfer of Premises Licence at their own expense. Energy Performance Certificates EPC 1

Commercial property for sale in Portsmouth, England

Guest house for sale

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