Summary - 20 THE NORTH PARADE HOTEL NORTH PARADE SKEGNESS PE25 2UB
1 bed 1 bath Leisure Facility
Turnkey income-producing hotel with sea views, strong trade, and refurbishment complete.
Freehold seafront hotel with foreshore and sea views
A rare freehold seafront leisure opportunity on North Parade, offered for sale due to retirement. The four-storey Victorian building has been fully refurbished by the current owners and currently trades strongly as a hotel with 22–23 ensuite bedrooms plus a two-bed owners’/managers’ flat. Foreshore and sea views, a short five-minute walk to the beach and town centre, and established trading make this suited to an investor or operator seeking an immediate income stream.
Practical strengths include generous overall space (c.7,000–7,787 sqft), guest parking for up to ten cars, double glazing, and an EPC rating of C. The property is recently renovated and largely turnkey for continued hotel use; trading accounts can be made available to seriously interested parties.
Notable risks and constraints are clear: the property sits in a very deprived area with a very high local crime rate and a medium flood risk. Heating is by electric storage heaters and the building’s timber-frame walls are assumed to have no insulation, which may affect running costs despite the EPC C. Parking capacity is limited for a hotel of this size, and ongoing maintenance of a Victorian seafront building should be budgeted for.
This is a high-potential, income-producing seafront hotel for an investor or experienced operator who accepts the local area challenges and plans to retain or grow the established business. The sale is freehold and presented as a retirement sale with refurbishment already completed, allowing fast takeover and continued trading.
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