£59,950 payment for business, inc. fixtures, fittings and equipment. Followed by a yearly rent. In very good decorative order. Benefits from being the only Hotel on Teesside International Airport
The only hotel located on the airport.
18 bedroom hotel, all ensuite, located at Teesside Airport
Large Restaurant / Function room can seat 100
Bar, open to non residents
A fantastic opportunity to acquire a going concern, in very good decorative order.
Recent work includes:
The property is to be offered on a new lease for a term to be agreed.
The rent is £2,700 per month - The building is exempt from business rates
Fully staff run business with 11 staff.
Turnover £290,000 per annum split as follows
£93,600 Sunday Carvery
£150,900 rooms ( currently at 55% occupancy)
Plenty of scope to increase sales. The nearby Teesside Airport is only 4 minutes walk away and is undergoing significant investment following its acquisition by the local council.
ALL ENQUIRIES TO PARKER BARRAS ON , NO DIRECT APPROACH TO THE HOTEL