Summary - 1 - 3 LANSDOWNE TERRACE EASTBOURNE BN21 4EB
1 bed 1 bath Hotel
Established 50-room seafront hotel with uplift potential and trading income.
50 ensuite bedrooms with sea and some panoramic views
Prominent seafront, town-centre location near Eastbourne Pier
Net turnover £1,057,775; occupancy 68.2%; ARR £80.03
Scope to add rooms by converting meeting/storage areas (STPP)
Offered freehold as trading going concern (TOGC)
EPC rating 47 — energy improvements required
One lift (goods lift) currently not in use; lift works likely needed
No on-site owner’s accommodation; business rates TBC
A prominent seafront freehold opportunity on King Edward’s Parade, the Citrus Hotel comprises 50 ensuite bedrooms set within a converted Victorian building. The property benefits from uninterrupted sea views, a town-centre position near Eastbourne Pier, and established peak-season leisure demand. Trading to year end 31 March 2024 shows net turnover of £1,057,775 with occupancy of 68.2% and an ARR of £80.03, which supports immediate income for an operator or investor.
There is scope to increase accommodation capacity by converting two part-first-floor meeting rooms and lower-ground storage (subject to planning), providing a clear route to boost revenue. All fixtures and fittings are included in the sale, and the hotel is offered as a trading going concern (freehold, asset sale basis). Practical access includes a rear courtyard for bin storage and two lifts (one is currently out of use).
Notable constraints are material to an informed purchase: the EPC is 47 (requires improvement), one lift (goods lift) is not operational, and there is no owner’s accommodation on site. Business rates are listed as TBC. The local area records higher crime levels, which may affect insurance and operating costs.
This is a strong acquisition for a buyer seeking a sizeable seafront asset with immediate trading performance and straightforward uplift potential through modest conversion and operational improvements. Planning and capital for energy improvements and lift refurbishment should be factored into offers.
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