SUBSTANTIAL WELL KNOWN LANDMARK FREEHOUSE COACHING INN OFFERED WITH OR WITHOUT PLANNING PERMISSIONS FOR NEW BUILD 80 BEDROOMED HOTEL & CONFERENCE FACILITIES
A RARE HIGH PROFILE BUSINESS ENJOYING A FAVOURABLE POSITION WITHIN AN AREA OF OUTSTANDING HISTORIC SIGNIFICANCE OFFERED AT £650,000 FREEHOLD TO INCLUDE FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V.+
- Planning Permissions (part outline part full) for total of 80 bedroom new build.
- Existing substantial historic catering driven free house Coaching Inn with sales circa £500,000 pa food driven over 250 days trading, seating 190 plus permanent marquee for 200
- 5.5 acre site – paddocks, stables, ménage & livery – possible “team building” centre
- Owners private 4 double bed roomed accommodation
- Unmissably positioned off roundabout on A46 “Fosseway”, seen as Gateway to City of Lincoln
- Ideal corporate or investment purchase with practically limitless options for an expanding hotel operator
LOCATION (LN6 9HN)
This Coaching Inn and Hotel development opportunity is situated on FOSSEWAY, the A46, at Swinderby, known as The Gateway to Lincoln with all its historic significance which inspires and draws tourist trade throughout the year from the World over also benefiting from the University of Lincoln and the many RAF air bases in the locale. The well known and renowned Antique Fair is held close by and opposite the property there is a new commercial and business centre development along within the direct catchment area an abundance of new build residential developments. The A46 is a busy trunk road connecting Lincoln to Newark and the A1 then onto the Nottingham, Leicester & Derby conurbation with direct main line rail connections to LONDON and the International Airport at East Midlands and Connisby.
Completely detached and is undoubtedly one of the oldest Coaching Inns within the locale with a reputation for high volume food delivery. The Coaching Inn is a myriad of interesting period features and has circa 190 covers plus a permanent marquee with a further 200 covers. Internally there are several separate customer areas which run through into each other including formal dining , informal dining and lounge bar, conservatory and comfortable snug area. The CATERING KITCHEN is commercially equipped and well capable of the “coverage”.
Granted in July 2006 for some 80 bedrooms in OUTLINE with 25 bedrooms with FULL PP’s as NEW BUILD to include flexible conference facilities. Full plans which have been renewed are available for inspection at the offices of GA-SELECT or on site with our vendor client.
This comprises of 4 double bedrooms plus the usual reception and family rooms.
The site is some 5.5 Acres in total and includes areas currently used for stables, paddock, manage and livery. This would make an ideal venue for “team building” events and as a training centre within the hotel development plans. There is a sweeping pull in frontage with slip road from the roundabout on the A46.
The business trades on traditional hours currently but has a Premises license from 11am till Midnight all week.
We are instructed to offer the property and business for sale as COMPLETELY FREEHOLD.
We are advised that the business has mains electric & water connected with septic sewage, central heating by Oil and cooking by LPG.
Our clients run the business on traditional hours but with total closure over 32% of the possible days available to open for trade i.e. Trades 250 days p.a. Sales are running at circa £500,000 Gross of vat which demonstrates that the free house itself has a potential of close to £1million p.a. It could be possible for the separation of the free house from the hotel to run as separate business entities if appropriate. The nearest hotel competitor to the site is The Bentley Hotel situated on Lincoln’s ring road approx two miles away, and has a virtual 100% occupancy rate. Such is the strength of this site.
THIS IS TRULY A UNIQUE BUSINESS OPPORTUNITY WAITING A NEW DEDICATED OWNER BE IT A PRIVATE INVESTOR OR CORPORATE BUYER TO FULLY CAPITALISE ON THE TRUE POTENTIAL OF THIS EXCITING RARE DEVELOPMENT SITE
Accounts information will be made available to interested parties after viewing.
Our associate finance companies will be pleased to advise and assist in the purchase of this outstanding business.
The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208.
Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.
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