Summary - NEW OCEANS HOTEL, 333-335, PROMENADE FY1 6BL
1 bed 1 bath Hotel
Prominent promenade property with 45 rooms and parking, ideal for an investor or operator.
Prominent promenade location on South Shore
45 en-suite letting rooms with immediate trading potential
50-cover restaurant plus lounge bar and entertainment room
Surface car park for approximately 24 vehicles
Passenger lift and EPC rating C
Leasehold: 15 years from October 2021 — short lease concern
Mortgage lenders likely to refuse due to limited lease term
Area classed very deprived with very high crime levels
Set directly on Blackpool’s south promenade, this 45-room property offers clear trading assets: 45 en-suite letting rooms, a 50-cover restaurant, lounge bar and a surfaced car park for about 24 cars. A passenger lift and an EPC rating of C add practical value for continued use as visitor accommodation. Broadband is fast and mobile signal excellent — useful for bookings and operations.
The building will suit an investor or operator aiming to refresh and rebrand rather than a mortgage-funded private buyer. The 15-year lease from October 2021 is short and will restrict finance options; many lenders are likely to refuse mortgage lending. The surrounding area is classed as very deprived with very high crime levels, which will affect staffing, insurance and market positioning.
Physically the hotel is a mid-20th-century multi-storey property with a mix of flat and pitched roofs, large windows and a frontage patio. Interior communal spaces include a contemporary bar/entertainment room with pool table and open-plan layout. The fabric appears to offer straightforward refurbishment potential, but a full inspection is needed to identify maintenance, mechanical or electrical works.
Priced at £75,000 for the leasehold interest, this is a budget entry for an operator prepared to take asset-management risk, work on upgrading guest areas and trade through seasonal demand. The property presents an operational platform with immediate income potential, but buyers must plan for finance limitations, higher running costs linked to the location and a clear refurbishment programme.
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