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11 bedroom hotel for sale

Hickman Hill, Coxs Hill, Gainsborough, Lincolnshire, DN21 1HH

£430,000

Property Description

Commercial information

  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

Hickman Hill is an attractive and characterful property in a lovely garden setting and the hotel of choice for discerning clientele in the region. The garden and grounds are a delight, the public rooms combine character and comfort and the hotel has a nice variety of bedrooms including 5 which have been completely refurbished to a high standard.

Conveniently situated in a pleasant residential area easily accessible from the town centre, Hickman Hill draws commercial and leisure based business to the letting bedrooms and provides restaurant, function and meeting facilities. Gainsborough itself is a substantial market town serving a large surrounding rural community and has a vibrant centre with modern shopping facilities. Ping Europe with its custom fitting services is based at Gainsborough Golf Club and one of the finest medieval houses, Gainsborough Old Hall, is located nearby. As with many towns, Gainsborough is expanding, and being the principal hotel Hickman Hill is set to benefit greatly as the population grows.

The owners acquired Hickman Hill Hotel in 2005 and have operated a good class traditional hotel and restaurant business and invested large capital sums improving the bedrooms. Now, after 10 years at the helm, it is time to move on and buyers have an opportunity to buy a much loved hotel with good all round business and exciting scope for further improvement.

THE PROPERTY

A former Grammar School, Hickman Hill is a detached Grade II Listed building dating back to the late 18th century or early 19th century.

PUBLIC AREAS

Entrance from the car park via a porch leading into the lounge with desk reception, lovely open fire and bar counter with servery behind. To the left is the restaurant for up to 60 at dining functions and with folding doors for dividing into two rooms giving operational flexibility. Customer wcs are located off the restaurant. Straight ahead from the lounge is the main hall leading through to the original front of the property. The hall has tiled floor, open staircase and access to additional customer toilets and the front sitting room, also used for meetings and private dining for up to 8.

LETTING BEDROOMS

11 letting bedrooms to sleep 23 (10 double or twin and 1 family). All rooms have en suite facilities, 6 with shower room/wc, 3 with bathroom/wc, 1 with bathroom/wc with bath and separate shower, and 1 ground floor room with wet room and separate wc. 5 rooms and their en suite facilities have been superbly refurbished and all bedrooms have direct dial telephone, WiFi, television and tea and coffee making facilities.

OWNERS' ACCOMMODATION

The owners reserve one of the 5 beautifully refurbished letting bedrooms for their own use and therefore the hotel currently trades with 10 letting bedrooms.

SERVICE AREAS

Commercial catering kitchen, refrigeration and dish wash room with walk-in refrigerator, dry goods store and laundry room with washer and 2 dryers. Small reception office, main office with CCTV, staff wcs and basement cellar.

OUTSIDE

Prominent access from the highway into a gravel car park. Delightful landscaped garden with pond to one side of the hotel and large flagged terrace and mature trees to the other. Large overflow car park.

SERVICES

West Lindsey District Council - 01427 676676.
Mains gas, electricity, water and drainage. Gas fired central heating.

LICENCE

Premises Licence

WEBSITE

www.hickmanhill.co.uk

TRADE

Accounts for the year ended 28 February 2015 show turnover 129,339 net of VAT.

RESIDENTIAL DEVELOPMENT PLOT FOR 2 DWELLINGS

Included in the sale is a highly valuable residential development plot which has outline planning permission for two dwellings. The plot is currently used as the overflow car park for the hotel The remaining hotel grounds would still have room to create 24 car spaces as required by the permission and there is unrestricted on street parking in addition.

PRICE

430,000 for the freehold complete with goodwill and trade contents (according to inventory), but excluding personal items. Stock at valuation.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.


Energy Performance Certificates (EPCs)

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