Hotel in FY1
Promenade, Blackpool, Lancashire, FY1 6AJ
Online auction
- Investment Property Comprising Leased Seafront Hotel with 62 En-Suite Bedrooms
- Superb Promenade Location
- In Good Order Throughout
- Currently Draws £120,000 pa
- Secure 7-Year Lease in Place
- Lift from Basement to Second Floor (Currently Out of Use)
- 4 Bedroom Ground Floor Private Accommodation
- Car Parking for 22 Motor Vehicles
- Priced to Sell
- Viewing Recommended
Hotel in FY1
For sale via secure sale online bidding - terms and conditions apply.
On behalf of Pattinson Auctions, Kenricks are delighted to offer this investment property comprising a leased Seafront Hotel with 62 En-Suite Bedrooms. The hotel is situated on Blackpool’s busy South Promenade between Central and South Pier, close to many of Blackpool’s attractions.
The hotel boasts many sea views, a passenger lift and car parking for 22 vehicles. Viewing is Highly Recommended.
Please note we have not inspected this property.
Summary
- Property Type: Hotel
- Tenure: Freehold
- Parking: Visitor
Accommodation - Ground Floor
Entrance Hall and Reception Area
Lounge / Bar
Dining Room
Sun Lounge
Entertainment Room currently used as an Academy Training Room
Catering Kitchen with a range of stainless-steel equipment and stainless-steel
surfaces.
Second separate Kitchen used for preparation
Second Dining Room
Third Kitchen Area
Storage Room
Laundry Room
Private Accommodation
Located at the rear of the ground floor comprising Living
Room, Kitchen, Bathroom, Office and 4 Bedrooms.
Accommodation - Lower Ground Floor
Cabaret Bar
Accommodation - First Floor
8 Family Bedrooms – All En-Suite.
5 Double Bedrooms – All En-Suite.
8 Twin Bedrooms – All En-Suite.
4 Single Bedrooms – Both En-Suite.
2 Storerooms.
Built-in robes to Hallway.
Accommodation - Second Floor
8 Family Bedrooms – All En-Suite.
11 Double Bedrooms – All En-Suite.
6 Twin Bedrooms – All En-Suite.
2 Single Bedrooms – Both En-Suite.
4 Storerooms.
Accommodation - Third Floor
2 Family Bedrooms – both En-Suite.
4 Double Bedrooms – All En-Suite.
Exterior
Seating area to the front with garden furniture. Ramp to the side
of the hotel. Car Park providing parking for 22 motor vehicles.
Tenure
Freehold, title number LA436973
Business
We have been informed that the hotel is currently leased on a 7-year lease dated from May 2023 at an annual rent of £120,000 per annum.
EPC
Rating C, full report available on request.
Rateable Value
Current rateable value (1 April 2026 to present) £57,500. Sourced from VOA.
Agent Notes
The hotel is centrally heated and has double glazing. All
letting bedrooms have TV’s and room refreshments. L2 fire alarm is installed.
There is a 4-person passenger lift which covers the lower ground floor, ground
floor, first and second floors which is currently out of use.
Sale subject to the fees, terms and conditions of Pattinson Auctions.
Additional Information
For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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