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

14 October 2021
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

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