Holiday Flats Business For Sale In Great Yarmouth Norfolk

Great Yarmouth, Norfolk
Price: £ 285,000
Seller Reference: 4002
Asking Price: £285,000
Net Profit: Undisclosed
Sales Revenue: Undisclosed
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Freehold

Business Summary

Preferred Commercial is delighted to offer for sale this holiday flats business, which was established by our client in 1983 and which is only now being offered to the market due to our client’s wish to retire. The business has recently been run at a pace to suit our client and currently trades from April to end of September. There are 6 x self-contained holidays flats together with 4 basement rooms which could be utilised as owners’ accommodation or for further letting. The basement rooms comprise of a large lounge, double bedroom, recently-fitted bathroom and a kitchen, which would require fitting out. We feel the turnover could be further increased by embarking on a modest marketing campaign as currently none is undertaken. The business has a loyal customer base and the majority of trade is generated from returning customers, many of which stay for extended periods. There is huge scope to establish a website with online booking facilities and to embark on a modest marketing campaign. A new owner could convert the flats, into 4 permanent domestic apartments and let them out to generate an income. This is an ideal opportunity to acquire a holiday flats business with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.

Holiday flats business, which was established by our client in 1983 and which is only now being offered to the market due to our client's wish to reti...

Property Infomation

  Property: Freehold
 
  Living Accommodation: Yes
 
  Details of Accommodation: Substantial 4-storey Victorian premises with 6 x self-contained holiday flats and prospective owners' accommodation to basement. Briefly comprising

Basement
Ideal as owners' accommodation or further letting
� Large lounge with bay window
� Double bedroom
� Recently fitted bathroom with bath, shower, WC and wash hand basin
� Kitchen, would require fitting out

Flats
� 6 x self-contained holiday flats

External
� On-street parking
 
  Location: Truro Holiday Flats occupies substantial 4-storey premises, ideally located in a densely populated residential area of Great Yarmouth, Norfolk. The premises benefit from ample on-street parking and there is a selection of similar complementary businesses. The town centre and seafront are only a short walk away and the railway station is nearby. Great Yarmouth town centre possesses many shops, businesses and amenities. The seafront attracts millions of visitors each year and has all the usual seaside attractions, including funfairs, amusement arcades, theatres, bars, 2 x piers and much family entertainment. The premises boast easy access to the A-road network, including the A12 and A47. Great Yarmouth is on the edge of Broads National Park, which boasts many areas of outstanding natural beauty. The town is a popular coastal resort, enjoying very high levels of tourism all year round. Lowestoft lies 11 miles to the south, while Norwich is approximately 20 miles to the west.

Other Details

  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No