Hotel Skye & Trafford Hotel, 571-575 New South Promenade, Blackpool, Lancashire

Description

Two adjoining hotels which are internally connected, providing a total of 51 bedrooms plus rear outbuildings and forecourt parking to the front. The buildings require refurbishment throughout. Potential development (STP).

Accommodation

HOTEL SKYE: Ground Floor: Sun Lounge, Large Lounge, 2nd Sun Lounge, Reception and Office, Games Room and Boiler room, open plan Dining Room with a Bar and WC off, rear Kitchen, Store(s) and circulation areas. Managers accommodation: 2 bedrooms and lounge. First Floor: 17 bedrooms, most with en-suite facilities or potential to create en-suites. Second Floor: 10 bedrooms, most with en-suite facilities or potential to create en-suites. TRAFFORD HOTEL: Ground Floor: Lounge/Bar area, Dining Room, Reception and Hallway, Kitchen. Private Accommodation: 4 bedrooms, Bathroom and Private Lounge. First Floor: 7 bedrooms, most with en-suite facilities or potential to create en-suites. Second Floor: 7 bedrooms, most with en-suite facilities or potential to create en-suites. Rear storage outbuildings and front forecourt parking.

Location

Occupying a prominent position on The South Promenade, close to The Pleasure Beach and convenient for The Promenade, Sandcastle and Blackpool’s attractions.

Tenure / Property Information

Investment Analysis

The guide is £200,000–£225,000 plus fees. Nearby completed sales include 569 New South Promenade at £297,500 in July 2026, 585 at £315,000 in January 2026 and 591–593 at £320,000 in December 2025. However, these are recorded only as “Other” properties and no comparable bedroom counts, condition, trading performance or floor areas are supplied. The subject comprises two adjoining, internally connected hotels with 51 bedrooms and requires refurbishment throughout. The available evidence is therefore insufficient to establish a reliable GDV or refurbishment-adjusted market value. The £950,000 sale of 603–609 is not directly usable because its scale and condition are not provided.

Investment Snapshot

Strategy Recommendation

Treat as a specialist hotel refurbishment opportunity only. Obtain a full building survey, quantified refurbishment tender, legal-pack review, trading/income evidence and planning advice before bidding. Do not rely on the stated development potential or nearby sales alone.

Works Required

Refurbishment throughout the two adjoining hotel buildings, including assessment and renewal of guest bedrooms, en-suite facilities, communal areas, kitchens, bars, dining areas, managers’ and private accommodation, rear outbuildings and building services as required. The evidence does not quantify the scope or cost of works. Any development potential is stated as subject to planning and is not assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because no supported GDV, refurbishment budget, hotel income, rent or refinancing terms are provided. The freehold ownership and 51-bedroom configuration may support an operational or alternative-use strategy, but development potential is expressly subject to planning and should not be relied upon without evidence.

Buy-to-Let Analysis

This is a 51-bedroom hotel rather than a standard residential BTL asset. No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rental income and yield cannot be established. The refurbishment requirement and unknown operating costs further prevent a reliable income assessment.

Flip Analysis

A flip appraisal cannot be established. Nearby completed sales provide some local context, but the supplied comparables lack sufficient detail to adjust for the subject’s two-building configuration and refurbishment requirement. Unknown works, resale costs and GDV make any surplus calculation unsupported.

Investor Risks & Due Diligence

• The buildings require refurbishment throughout, but the scope and cost are unknown.

• No hotel trading accounts, occupancy data, passing income or rental evidence are supplied.

• Potential development is stated to be subject to planning and is not evidenced as consented.

• Nearby sold comparables lack sufficient detail on size, bedroom count, condition and use for a reliable valuation adjustment.

• Additional auction costs may include the 2.75% administration charge subject to the stated minimum, plus possible search, seller, legal, transfer and disbursement costs.

• The property comprises two adjoining hotels held under two freehold titles, creating additional legal and operational due-diligence requirements.

Recommendation

Treat as a specialist hotel refurbishment opportunity only. Obtain a full building survey, quantified refurbishment tender, legal-pack review, trading/income evidence and planning advice before bidding. Do not rely on the stated development potential or nearby sales alone.

Strategy Rating

Analysis Confidence

The property description, tenure, guide and several nearby completed sales are supplied, but there is no quantified refurbishment cost, operating income, rental evidence, floor area, detailed comparable information or supported GDV.