FOR SALE COMFORT INN TIMBER BEACH, CASTLETOWN, SUNDERLAND - LOOPNET
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For Sale Comfort Inn
Timber Beach, Castletown, Sunderland
Sale on behalf of the Administrators as a going concern
Purpose built 63 bedroom hotel
Twin and double bedrooms, all en-suite
On-site car parking provision
Close proximity to main trunk and arterial transport links
Ample amenities in the nearby vicinity to benefit hotel operation
SR5 3XG sw.co.uk
Location
Comfort Inn, 10 Hylton Retail Park, Timber Beach Road, Sunderland Enterprise Park,
Sunderland, SR5 3XG
The property is situated between Sunderland
Enterprise Park and Hylton Park, lying to the
south of the A1231 (Wessington Way) north of
the River Wear. Sunderland city centre is located
approximately 2 miles to the south east.
Occupiers in the nearby vicinity include Dunelm,
B&M and Smyths Toys. Immediately adjacent and
to the south of the subject premises is the Liberty
Comfort Inn Timber Beach Road
Browns/The Palm Public House/Restaurant and to
the east is an Everlast Fitness Club.
Comfort Inn, 10 Hylton Retail Park, Timber Beach Road, Sunderland Enterprise Park, Sunderland, SR5 3XG
Site Area
0.264 Hectares (0.65 Acres)
Red line
Long leasehold
0.652 acres
0.264 ha
Comfort Inn Timber Beach Road
created on
created on Plotted Scale - 1:20,000
02 Comfort Inn Timber Beach Road, Castletown, Sunderland, SR5 3XG sw.co.uk
Plotted Scale - 1:1,250
Description The property is a purpose-built hotel arranged over 3 storeys accommodating 63 en-suite letting bedrooms, which we understand to be configured as follows: 4 x Family rooms (double plus two single) 4 x accessible 55 x Double/Twin (53 with additional sofa bed) In addition to the bedrooms the property benefits from a reception, office, small laundry/ linen store, 3 additional linen stores, staff WC facilities and staff room. The property has on-site car parking Reception Lobby Entrance 03 Comfort Inn Timber Beach Road, Castletown, Sunderland, SR5 3XG sw.co.uk
4x Accessible rooms Bath rooms 4x Family rooms
Double/Twin (53 with additional
Double/Twin
sofa rooms
bed) Double/Twin rooms
Site Photographs
04 Comfort Inn Timber Beach Road, Castletown, Sunderland, SR5 3XG sw.co.uk
Tenure Financials/Trading Business Rates
999 year long leasehold interest with effect from Turnover for Y/E 31/03/20 of circa With effect from 1st April 2017 we understand
24th March 2004 at one peppercorn per annum. £475,000. the property is assessed for rating purposes as
follows: Rateable Value £60,000
Gross Profit for Y/E 31/03/20 of circa
Interested parties should verify the accuracy
Franchise Agreement £400,000 (85% T/O). of this information and rates payable with the
Contact
No food or wet sales local rating authority, Sunderland City Council.
The property is to be sold subject to an existing For access to the Data Room or
franchise agreement to Choice Hotels Licensing
B.V trading as a Comfort Inn.
The hotel has been trading at an occupancy EPC to arrange a viewing,
rate of approximately 80% (of available rooms) please contact:
The Franchise agreement includes a break in the first two weeks of post administration The property has an Energy Performance Asset
option exercisable by either party on every fifth trading. Live trading information will be rating of Band C (73). Mark Convery
anniversary of the term, subject to 6 months updated and downloaded onto the data room 07525 872141
prior written notice. The next break option date on a weekly basis. Offers mark.convery@sw.co.uk
is October 2022.
Further financial information is available in the
data room. Access will be provided on receipt
A sale of the business and assets as a going Peter Loveday
concern is being sought by informal tender.
Services of a signed NDA. 07511 050457
VAT peter.loveday@sw.co.uk
We understand that all mains services are
connected to the property however any
Permitted Use
All prices quoted are deemed exclusive of VAT Sanderson Weatherall LLP
interested party should make their own
We understand that the property has full where chargeable.
investigations with regard to this matter. Central Square South,
consents for its existing use as a hotel. Further
enquiries regarding planning can be made to the Money Laundering Orchard Street,
Legal Costs: local authority (Sunderland City Council).
Newcastle upon Tyne,
In accordance with Anti-Money Laundering
NE1 3AZ
Each party is responsible for their own legal costs. Regulations, two forms of identification and
confirmation of the source of funding will be
required from the successful purchaser.
Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of
representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; 4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or
give any representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted
exclusive of VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take
appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL.October 2021
05 Comfort Inn Timber Beach Road, Castletown, Sunderland, SR5 3XG sw.co.uk
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