Savills | Grand Victorian Hotel, 26-27 Railway Approach, Worthing, BN11 1UR | Property to rent
0.33 Ac(0.13 Ha)
Price on application

Grand Victorian Hotel, 26-27 Railway ApproachWorthing, BN11 1UR

  • Under offer

Key features

  • Traditional Hotel Pub Restaurant
  • Grade II Listed
  • Site Area – 0.132 ha (0.327 acres)
  • 18 letting rooms over 3 floors
  • Planning consent for an additional 18 letting bedrooms
  • Conference room facilities
  • 2019 Net Turnover in the order of £740,000

Traditional Hotel Pub Restaurant

About this property

  • 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.

Local information

  • The property is located in Worthing, a large seaside town in West Sussex, 10 miles (16 km) west of Brighton and 18 miles (29 km) east of Chichester.
  • The subject property has the benefit of being located opposite Worthing station and therefore is able to attract immediate custom exiting the station.

Energy performance

EPC exempt - Listed building

Available space

Floor / UnitTypeSizeStatus
Building--Under offer