White House Hotel Large 57 bed roomed hotel situated on a Prime location on the Central Promenade Llandudno. All rooms are Ensuite and majority have excellent sea views. The Hotel has central heating to most rooms and is fully fitted and trading. At the rear of property is a car park for approximately 20 vehicles. There is also a basement flat and games room which with a small investment would be a useful addition to the hotel facilities. The Hotel is situated close to pier and also benefits from easy access into town centre shopping. The Theatre and Conference centre is within 150 yards, and opening 2007 is a large expansion to this already fantastic venue which will increase visitor numbers to the marvellous resort of Llandudno. The hotel has been used primarily as a Coaching business and achieves a turnover in excess of £300,000 PA on low occupancy, there is obvious room for expansion. I have chosen to stay in the two star low budget market but I think a more thrusting operator with an upgrade of the property could lift this hotel into a higher level of income quite easily. As present Operator I wish to retire If a suitable bonifide tenant comes forward I would be willing to lease property at a rental of £72,000 PA plus ingoing. ( Open to negotiation) The ingoing will be used to upgrade hotel to a better standard and so enable a new tenant to move this business forward to a more profitable base. As agents keep quoting at every opportunity “Location” is everything and this Hotel is certainly well located and has all the basics to turn into a highly profitable business. Hotels of this size in Llandudno are taking in excess of £1,000,000 PA and with a certain amount of upgrading this hotel can achieve those sort of returns. Please phone me ( Billy Ireland ) in first instance to arrange viewing or further information. Please be discreet.
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