Commercial property for sale in Bournemouth

LocationThe Bournemouth West Cliff Hotel & Spa is located in the heart of Bournemouth, one of the most popular seaside destinations, with a thriving events scene. The Hotel situates in close proximity to Bournemouth Beach, Bournemouth university and is only 7 miles from Bournemouth Airport. Bournemouth is a highly accessible location within easy reach of main conurbations including London, Southampton, Bristol and Oxford. Fixtures & FittingsTrade inventory will be included in the sale. Stock at valuation on completion. Key Investment HighlightsExcellent critical mass: The Hotel features 83 ensuite bedrooms. Extensive F&B and MICE facilities: 5 function suites with a maximum capacity of 200 delegates (150 guests in the largest room, the Merlot Suite), complemented by a premium dining restaurant and a lounge bar. Substantial leisure offering: The Hotel has extensive leisure facilities including two indoor swimming pools, sauna and steam facilities, an aromatherapy cave, jacuzzi and spa pool. Additional parking spaces: The Hotel provides 80 parking bays, which is rare in the heart of Bournemouth. Superb connectivity: A very popular beach destination within easy reach of major cities such as London, Southampton, Bristol and Oxford. Increased bedroom capacity: Potential to add 14 bedrooms through conversion of the function spaces, of the proposed 14 additional rooms, 12 of which comprise suites enabling the hotel to attract more medium/long stay guests. Asset management opportunities: The hotel also offers a wide range of potential asset management initiatives including expansion of the already successful healthclub. Branding and operating structure: The Hotel can be sold free and clear of the current management, offering an opportunity for branding and alternative operating and ownership structures. Alternative use: Bournemouth is a strong micro-location for healthcare due to its accessibility and coastal location. Subject to planning consent the hotel could be repurposed into a healthcare living facility. Tenure: Freehold Letting AccommodationThe Hotel comprises of 83 rooms with the potential to expand to 97 keys. All rooms are complete with TV’s, tea and coffee amenities, desks and Wi-Fi. The OpportunityVALUE ENHANCEMENT OPPORTUNITIES INCREASED BEDROOMS CAPACITY: The previously outlined 14-bedroom extension would optimise the space to increase the bedroom stock and decrease the meeting room space in the hotel. This scheme includes 12 suites, which will allow the Hotel to accommodate medium/long stay customers with premium offering. Whilst also providing additional rooms revenue, this would further optimise the P&L through the removal of additional operational departments which have a lower profit margin. EXPANSION OF THE HEALTHCLUB: The current healthclub has evolved organically and is now a successful business stream. The existing facilities can benefit from an expansion programme to attract visitors from a broader catchment. . ALTERNATIVE USE – HEALTHCARE: Bournemouth is a strong micro-location for retirement living and the hotel’s close proximity to both the beach and town centre, alongside strong public transport links provides merit in the opportunity for a conversion to a healthcare living destination. ASSET MANAGEMENT OPPORTUNITIES: The hotel also represents a rare opportunity to acquire a hotel free of branding or management, thus providing a blank canvas for a new owner to reposition the asset in the market and benefit from both cost synergies and brand loyalty programs. StaffAny purchaser will be required to comply with the relevant legislation in respect of present employees. Trading InformationAdditional information including trading and all other relevant information can be found in the data room subsequent to acceptance of the NDA. Please click on the following link to access the NDA and data room. TenureFreehold. The sale will be by way of an asset sale as a transfer of a going concern. Business Rates1st April 2023 £122,500. Energy Performance Certificates EPC 1

Commercial property for sale in Bournemouth, England

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