Attractive investment opportunity as budget hotel Southsea Rocks goes on sale

After opening eight years ago, a budget hotel a stone’s throw from the sea is being sold.

An attractive investment opportunity is up for grabs as Southsea Rocks, in Florence Road, goes on sale for £1 million.

The hotel, which has a range of facilities including en-suite rooms, family rooms and a private dormitory for nine people, is known for its reasonable prices with a one-night stay starting at £38.

The listing says: “Recently refurbished and presented with a clean, contemporary aesthetic, this established hotel offers 16 bedrooms and 14 bathrooms, providing a strong and versatile accommodation mix for both short and extended stays. The property also benefits from off-road parking, a valuable asset in this highly sought-after coastal location.

“Designed with simplicity, comfort and value in mind, the hotel delivers excellent quality accommodation.”

The property, which is being sold with Chimneypots Estate Agents, is in a prime location and is walking distance to the beach, city centre and Old Portsmouth.

For more information about the hotel, click here.