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Confidential Hotel Sale, Christchurch

For sale: £1,850,000.00|0.59 Acre|Hotels, Licensed & Leisure

PROPERTY DETAILS

FOR SALE£1,850,000.00
SIZE0.59 Acre
ADDRESSConfidential Hotel Sale, Christchurch, Christchurch
TYPEHotels, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON10th November 2020

DESCRIPTION

Key Points

  • Attractive Grade II Listed building
  • Rare freehold going concern
  • The property comprises 13 letting bedrooms and large restaurant providing circa 120 covers
  • Accommodation is rated as 5-star guest house accommodation and the restaurant has 2 AA rosettes
  • Lapsed planning permission to add a further 4 bedrooms on to the Coach House as well as scope to add additional rooms within the main hotel itself
  • Huge potential to improve trading performance
  • Will appeal to corporate and private owner operators
  • Summary

    Substantial privately owned hotel that is presented to the market.

    Description

    The building is Grade II Listed. The accommodation has been attractively refurbished and is essentially split into four parts, with two gravel laid car parks (providing approximately 20 spaces) and terrace / gardens surrounding the property. The first part is the oldest section of the property and comprises of two suites, one with lounge, bedroom (office), kitchen at ground floor, with further bedroom and bathroom at first floor. The second suite has been sensitively built adjacent and is a single storey extension which provides an attractive lounge with access onto the landscaped garden via glazed doors, bedroom, dressing room and bathroom. The second accommodation building comprises of the commercial kitchen, chef’s store and staff accommodation which then adjoins the main restaurant. The restaurant is open plan and provides bar and coffee servery with approximately 120 covers spaciously arranged within the restaurant building, conservatory and orangery. The hotel accommodation block is arranged over two floors and comprises a reception on the ground floor (could be converted to additional bedroom), with four en-suite letting rooms and then at first floor five en-suite bedrooms. There is an opportunity to create additional accommodation in the eaves of this building. This former meeting room block, which can be still utilised as such, is split into two areas. Part of the ground floor provides an en-suite letting bedroom. The second area which is accessed from the side of the building has the benefit of an enclosed garden on arrival and provides kitchen at the ground floor with large family en-suite bedroom at first.

    Location

    The hotel is 3.6 miles (5.9 km) west of Christchurch, 8.7 miles (14.1 km) east of Lymington and 4.2 miles (6.8 km) south of the New Forest National Park. The site area measures 0.237 ha (0.586 acres).

    Planning

    Our informal planning enquiries suggest that the permitted use of the property is as a hotel (Class C1). The property is Grade II Listed and does not lie within a conservation area.

    The Business

    The hotel is a high end boutique establishment which appeals to local custom in the week who look to wine and dine and then to couples visiting over the weekends, as well as tourists visiting the wider area. The hotel also benefits from events spaces, with the property also able to offer services as a party / wedding venue. We believe the opportunity exists for corporate hotelier / pub operator or enterprising owner occupier to upgrade some of the accommodation and increase revenue and profitability substantially.

    TUPE

    TUPE regulations apply and all staff will transfer with the business.

    Fixtures & Fittings

    All fixtures and fittings are included in the sale, less any personal items.

    Transaction Type

    The sale will be sold via private treaty and treated as a TOGC.

    Price

    Offers are invited in excess of £1,850,000 for the freehold business with all fixtures and fittings available and ready for continued trade.

    VAT

    Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes, such tax will be payable by the purchaser in addition to the sale price. It is envisaged the sale will be treated as a TOGC and therefore VAT will not apply.

    EPC

    The property has been awarded a D-79 EPC Rating. The certificatewill be provided upon request.

    Anti-Money Laundering Regulations

    In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.

    LOCATION

    Location: Confidential Hotel Sale, Christchurch, Christchurch

    Christchurch (0.1 miles)

    Pokesdown (2.0 miles)

    Hinton Admiral (3.2 miles)

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