Nine bedroom hotel on Morecambe promenade for sale with stunning sea views
A nine-bedroom hotel in Morecambe on the promenade is up for grabs after The Wimslow hotel recently hit the market.
The Wimslow on Marine Road East in Morecambe has nine guest rooms in total, including eight guest rooms and one owner’s room.
The hotel currently achieves a turnover of £ 30,000 to £ 35,000 per year, but the opportunity to further increase turnover would be very significant, especially with the renovation of the Winter Gardens in Morecambe and the Eden Project North construction project.
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The bed and breakfast is on the market for £ 440,000 and is being sold by R&B estate agents.
It sits on the Morecambe promenade and offers stunning views over Morecambe Bay and the hills of the Lake District.
Currently managed as’ The Wimslow ‘, the guest house has five floors, six en-suite bedrooms and private level access to the owners’ self-catering accommodation on the lower ground floor which includes a private bathroom. generous bedroom, a bathroom style shower room, living room and kitchen.
The guest lounge has a built-in kitchenette and there is a dining room on the first floor where breakfast is served in a dedicated kitchen on the same floor.
To the rear of the property is a courtyard and an independent garage with storage for guest bikes, with parking for three cars in front of the garage.
The Wimslow has an excellent reputation with the repetition of the custom. It is rated 5 stars on TripAdvisor and 9.6 / 10 on Booking.com.
To meet other commitments, the current owners have managed the guest house at a 25% occupancy rate, generating an approximate turnover of £ 30,000 to £ 35,000 per year. However, the property has the space to introduce three additional guest rooms, which gives the possibility of significantly increasing the annual income.
In addition to this, depending on the relevant building permits, it is possible to create independent apartments both for vacation rentals and for AirBnB purposes. It could also be converted into a large family house.
The guest house is ideally located near local shops, cafes, post office, train station and bus lines.
The area would also have benefited from The Bay Gateway which connects Morecambe and Heysham to the M6, also providing access to the Lake District.
The Morecambe promenade has also undergone a redevelopment in recent years with several annual events, such as the Vintage Festival, Kite Festival and Morecambe Carnival drawing large numbers of visitors to the area.
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