For sale by auction on Wednesday, 20 March 2024 at 11:00

Venue: Livestream Auction

This impressive hotel was built in 1876 and was originally used as a family home, before being turned into apartments just after the turn of the 20th century. Since then, the property has been a YMCA holiday centre, a home for the elderly and then back to self-contained flats. The current owners lovingly restored the building in 2014 and the hotel now offers 16 boutique rooms with luxury bathrooms all finished with high end furnishings. Each room offer a unique feature from sea views to a disabled room and all floors can be accessed via a lift or for the more energetic a beautiful staircase with mahogany hand rail sweeps the centre of the budling. The hotel offers a restaurant seating 80 covers (currently serving breakfast only) fully licenced bar and function room, all of which could enhance the income for a potential investor. The hotel is currently managed by a couple who occupy the ground floor serviced accommodation and is overseen by the owners and part time staff members. There are many other features to be discussed upon viewing the property. All certificates for maintenance are current and can be viewed upon request.



They are subject to 50% non-domestic debit and 50% discount for retail, hospitality and leisure. For guidance on this matter, we would encourage interested parties to consult with East Suffolk Council. Non domestic rateable value 2023/2024 is 1996.00pa

Ground floor
Reception, bar and seating area, restaurant, toilets, kitchen, function room

First floor
Four Guest rooms all with ensuite facilities

Second floor
Four Guest rooms all with ensuite facilities

Third floor
Four Guest rooms all with ensuite facilities

Fourth floor
Four Guest rooms all with ensuite facilities

Basement
Two bedroom apartment with ensuite bathroom, kitchen, sitting room, shower room. Lift maintenance rooms, sprinkler water tanks, drinks cellar, chemical store, electrical incoming mains room.

Note
Please note that VAT is applicable to this lot.

Viewings
Strictly by appointment only. The next viewings will take place on Thursday 15 February. Please contact the Norwich office to arrange an appointment.

EPC Rating: C

Viewings

Additional Fees
Buyers Premium - ?960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of ?1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.