White House Hotel by dfhrf555fcg

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									                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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