Traditional Hotel Pub Restaurant
Description
The property as the name suggests is a grand, detached, Grade II Listed building constructed in 1898 and arranged over three storeys with brick construction, and mock tudor beams at second floor level over a multi pitched clay tiled roof and single glazed sash fenestration.
Internally, the property comprises a large public house area with bar servery and extensive seating areas surrounding. The main hotel kitchen facilities are adjacent to this area. The building has a vacant nightclub also at ground floor level which is also included in the sale and benefits from planning permission to create an additional 18 letting bedrooms.
Letting rooms are then arranged over first and second floor levels and provide a total of 18 en suite bedrooms (9 doubles 9 twins).
Planning
Our informal planning enquiries confirm that the premises is permitted as a hotel (Use Class C1). The property is Grade II Listed and does not lie within a conservation area. Under application number AWDM/0876/19 planning andListed Building Consent has been granted for internal alterations to Hotel reception area: new recess double doors between Reception/Dining room; replace Fire Door to match existing opposite, removal of raising seating area to Bar and Dining areas; New U/A toilet off dining area plus amendment to AWDM/0587/18 to increase number of hotel rooms from 16 to 18.
Premises Licence
The property has been granted a Premises Licence inbaccordance with the Licensing Act 2003.
The Business
The Grand Victorian operates as a coaching inn providing a variety of rooms which appeal to contractors working in the area on weekdays, couples visiting for weekend breaks as well as tourists visiting the wider area. The room rates for the hotel fluctuate dependent upon the time of year.
We can confirm that financial year end March 2019, the hotel had a turnover in the order of £740,000 (Net of VAT), with a split percentage between accommodation, food and beverage of 30:10:60 respectively. More information on then hotel’s trading performance will be provided to seriously interested parties upon request and status.
Fixtures & Fittings
The fixture and fittings are included and the premises will be sold ‘as seen’ less any personal items.
Rating
The subject property is entered in the 2017 Rating List with a Rateable Value of £54,100.
The National Multiplier for England and Wales for 2021/22 is £0.512.
Tenure
Freehold. The property will be sold as a going concern. TUPE regulations will therefore apply.
EPC
The building is Grade II Listed and therefore an EPC will not be provided.
Guide Price
Offers are invited in the region of £1,300,000. It is anticipated VAT will not be applicable.
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.
Viewing
All viewings must be arranged strictly by appointment with the sole agents Savills.
EPC exempt - Listed building
Name | sq ft | sq m | Availability |
---|---|---|---|
Building | Sold |