East Coast Hotel, Pub and Entertainment Complex

PriceTenureReferenceLocationPosting date
£3,600,000.00 Freehold Unspecified Sea Lane, Ingoldmells PE25 1PG, Lincolnshire Skegness 09-01-2018
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Situated in a prime holiday location on a plot of 34,000sq feet on Sea Lane, Ingoldmells, Skegness and opposite Fantasy Island theme park, 1 mile from Butlins and minutes away from Skegness, Chapel St Leonards & Mablethorpe.
Comprising of:-
● Hotel with 21 en-suite letting rooms & plans drawn for further rooms
● Traditional large English style pub with restaurant seating
● Family Showbar with Family Entertainment Centre & restaurant seating
● 2 further Family Entertainment Centres (amusement arcades)
● Large south facing licensed forecourt with covered stage, smoking area and seating
● Car park to rear (& also opposite at Fantasy Island for 1000+ cars)
● Dormer bungalow, located at rear converted into 3 self contained flats
● Entire complex is in pristine condition being refurbished annually
● PLUS potential to purchase a further 2/3 bed bungalow also on site
● Adjusted net profits in excess of £500,000 (for 9 month trading period) excluding rental income from flats & bungalow
● Season 2017 seen continued growth, current % split of trade 60% wet, 23% food, 12% accommodation & 5% amusement machines.
● Full details & trading information can be made available for serious enquiries.
● Offers in excess of £3.6m for the entire business (Freehold), or, will consider selling the hotel & pub for £2.65m and retaining or leasing to purchaser the 3 Family Entertainment Centres and remaining properties within the site.

Viewing Arrangements
Strictly by appointment only
Tel: 07879 624 758 or email devey.leisure@btinternet.com

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