Hotels and Motels for sale in Northamptonshire

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Hotel & Pub in Northamptonshire

Northamptonshire, England

  • Leasehold Price: £795,000
  • Weekly Turnover: £14,000
Seller Reference: NB-R9273
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Business Description
 
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Seller Reference: NB-R9273
Request Details
Business Description
Nationwide welcomes to the market this SPACIOUS LICENSED HOTEL/FREEHOUSE. Excellent trading position, town centre, NORTHANTS.

Grade II Listed Building

RECEPTION AREA

SPACIOUS GROUND FLOOR, large lounge bar fully carpeted. Tables & chairs providing seating for 50 persons. LARGE BAR with 8 hand pumps, 5 double door counter fridges.

GROUND FLOOR 3 shop areas offering potential to develop

RESTAURANT fully carpeted. Tables & chairs providing seating for 60 persons (can be increased).

Ladies' & Gentlemen's cloakrooms

LARGE FULLY EQUIPPED KITCHEN (Please note all the kitchen equipment is on a leasing agreement.

To the rear is a LARGE FUNCTION ROOM fully carpeted. We understand Licensed for up to 200 persons.

Office

LARGE BASEMENT previously used as a Nightclub. Potential to reintroduce.

FIRST & SECOND FLOOR LETTING ACCOMMODATION comprising a total of 45 bedrooms all with en suite facilities comprising:

11 Family Rooms with en suite facilities
19 Double Bedrooms with en suite facilities
5 Twin Bedrooms with en suite facilities
10 Standard Single Bedrooms with en suite facilities

3 of the rooms in need of renovation

Turnover : WE ARE ADVISED the annual sales showed £720,000 with a split of £600,000 generated from letting, £120,000 from wet sales & a net profit we are advised is in excess of £90,000 p.a. however we are further advised that the turnover has been affected by Covid-19, full details of which can be discussed with the vendor.

Charges:
Single Room £57.00 per night plus breakfast
Double Room £67.00 per night plus breakfast

TO INCLUDE THE LONG LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £795,000 or near offer plus STOCK AT VALUATION
PRIVATE LOAN AVAILABLE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £795,000 (R9273)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Car park at rear with parking for 25 cars
Listed by:
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