Christie & Co market highly rated serviced apartments in Lancashire coastal resort
Specialist business property advisor, Christie & Co, has brought to market The Old School House, four-star rated serviced apartments located in the affluent Lancashire coastal resort of Lytham St Annes, which is a popular tourist destination.
Set within an impressive red brick detached Victorian property with adjoining two-storey annex, and benefitting from walled, lawned gardens to both the front and side. The business comprises 12 self-contained serviced apartments which were tastefully refurbished during 2017-18 to offer guests comfortable accommodation with modern amenities alongside a host of original period features including stained glass windows, parquet flooring, and coving.
The Old School House would be ideally suited to an owner/operator as it also includes a three-bedroom self-contained owner’s accommodation to the first floor of the annex. Alternatively, for a prospective purchaser not wishing to reside on-site, this could be utilised as manager’s accommodation or converted into further letting accommodation.
In addition, the basement has been recently renovated, allowing a new owner to potentially utilise this space as a further apartment, additional private accommodation, or as a communal space for functions and events.
Keith Stringer, Director at Christie & Co, who is handling the sale comments, “The current owners, Phil and Sally have done a wonderful job of refurbishing The Old School House in recent years whilst also establishing a superb reputation as evidence by the consistently strong ratings from guests on Booking.com and TripAdvisor. As such, it comes to the market as a genuine turnkey business opportunity, in an area with high levels of demand, and we expect interest from a wide variety of potential purchasers.”
The Old School House is offered for sale on a virtual freehold basis, with an asking price of £1,600,000. 876 years remain unexpired on the leasehold agreement with the Clifton Estate and a peppercorn rent of £10 per annum is payable.
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Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: firstname.lastname@example.org
Bronte Hughes, Corporate Communications Executive
P: 020 72270794 or E: email@example.com
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