 | Development Opportunity For Sale South Lincs, Lincolnshire, United Kingdom Advert ref: 1253BW FINANCIAL DETAILS | Asking price: £99,995 Sales revenue: Undisclosed Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | Planning permission has been approved for a 28 bedroom motel with 35 car parking spaces situated on the busy A17 trunk road.
The owner of the land offers a 150 year lease with peppercorn rent to the prospective developer.
The estimated costs of development amount to £864,000 (fixed price contract).
Research shows similar style outlets in the area benefiting from circa 80% occupancy levels and based on £40 per night (accommodation only) would generate in excess of £400,000 per annum less costs.
The motel is situated in close proximity to a popular and successful Chinese restaurant and farm shop/café.
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GENERAL INFORMATION The Business Partnership - Leicestershire, South Lincolnshire & N Cambridge | | | |
