Christie & Co says ..

Property Oracle says ..

The Expanse Hotel presents a unique investment opportunity in Bridlington, East Riding of Yorkshire. Situated directly on the North Marine Drive seafront, the hotel boasts impressive sea views and a prominent location within the town. The property comprises 44 bedrooms and additional apartments, suggesting substantial accommodation capacity. However, it’s crucial to note that the hotel is currently closed. The photographs reveal a mixed condition: some areas appear well-maintained and recently updated, exhibiting modern fixtures and comfortable furnishings; others, however, exhibit a more dated aesthetic, suggesting a need for modernisation and refurbishment. The lack of plot size beyond the building itself is a notable limitation. While the list price of £2,750,000 reflects the scale of the property and its prominent location, a comprehensive survey and assessment of refurbishment costs are essential to determine its true market value. The potential for alternative uses, subject to planning permissions, offers an element of flexibility. The strong points are the seafront location and ample accommodation, while the weak points are the closed status and the required renovations. Overall, this is a substantial property that requires significant investment but offers a considerable return if redeveloped and repositioned successfully. Investors should carefully consider the full spectrum of potential costs associated with refurbishment and compliance before committing.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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