For sale: Comfort Inn, Timber Beach, Castletown, Sunderland

• Sale on behalf of the Administrators as a going concern
• Purpose-built, 63-bedroom hotel
• Twin and double bedrooms, all en-suite
• On-site car parking provision
• Close proximity to main trunk and arterial transport links
• Ample amenities in the nearby vicinity to benefit hotel operation

Tenure

• 999-year long leasehold interest with effect from 24th March 2004 at one peppercorn per annum.
• Financials/Trading
• Turnover for Y/E 31/03/20 of circa £475,000.
• Gross Profit for Y/E 31/03/20 of circa £400,000 (85% T/O).
• No food or wet sales
• The hotel has been trading at an occupancy rate of approximately 80% (of available rooms) in the first two weeks of post administration trading. Live trading information will be updated and downloaded onto the data room on a weekly basis.
• Further financial information is available in the data room. Access will be provided on receipt of a signed NDA.

Offers

A sale of the business and assets as a going concern is being sought by informal tender.

For access to the Data Room or to arrange a viewing, please contact:

Mark Convery (07525 872141 mark.convery@sw.co.uk)

Peter Loveday (07511 050457 peter.loveday@sw.co.uk)

Sanderson Weatherall LLP, Central Square South, Orchard Street, Newcastle upon Tyne NE1 3AZ