Summary - 24, ALEXANDRA ROAD FY1 6BU
18 bed 1 bath Hotel
18-room Victorian hotel off South Shore promenade — investment with B&B upside.
18 en suite letting bedrooms with TVs and tea/coffee facilities
An 18-bedroom Victorian leasehold hotel positioned immediately off Blackpool’s South Shore promenade, offered with a newly available full repairing and insuring lease. The property comprises 18 en suite letting rooms, generous public areas including a bar lounge, games room and dining room, plus a self-contained two-storey coach house to the rear providing separate owners’ accommodation (3 bedrooms, open-plan living and kitchen). Parking for around eight cars is available in a gated courtyard. The business currently trades room-only with reported turnover around £75,000 and clear scope to increase income by introducing B&B or additional catering revenue.
Practical positives include recent landlord-led rewiring and roof replacement (since 2020), gas central heating, excellent mobile signal and fast broadband — useful for modern bookings and online marketing. The layout supports continued holiday-letting use or conversion to a mixed-use small hotel/B&B operation; the coach house offers immediate owner privacy or staff accommodation. A new 7- or 10-year FR&I lease is offered at a commencing rent of £25,000 pa with two-year rent reviews; the landlord may consider freehold sale.
Important cautions: the property sits in an area classified as very deprived with very high local crime levels, which will affect guest perceptions, insurance costs and pricing strategy. The tenure is leasehold (new lease required) so incoming operators should factor lease terms and ongoing rent reviews into financial modelling. Some rooms are described as single or with toilet-only en suite arrangements, and the business currently operates on a room-only basis, so upgrades and additional investment would be needed to fully realise B&B or higher-yield strategies. Buyers should carry out full due diligence on trading accounts, local market demand and any additional repair obligations under the lease.
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