Hotel for sale

The Limes Country House Hotel, Gainsborough Road, Market Rasen, England, LN8 3JW

Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • 17 bedrooms all en suite
  • Set in excess of two acres
  • Lifestyle business
  • Suitable for redevelopment (STPP)
  • Potential to increase trade
  • Loan available via Christie Finance, subject to status. Energy Rating D

Full description

Tenure: Freehold

Description

A privately run Victorian country house situated in over two acres of landscaped gardens.

Within the main house are 13 en suite bedrooms of which nine are currently in use. The property includes double glazed windows throughout.

Additional accommodation comprises a restaurant, lounge/bar, two function suites and a commercial catering kitchen.

There is excellent opportunity for new owners to develop the business, which is currently being run on a very limited basis.

Location

Located in Market Rasen, known for its racecourse, the hotel is situated in a prominent position on the A631, within a five minute walk of the town centre. It lies on the River Rasen, 13 miles north east of Lincoln, 18 miles east of Gainsborough and 16 miles south west of Grimsby.

Ground Floor

Main entrance, reception, Poacher's Restaurant (25), Furlong lounge/bar (20), Rasen Function suite (60), Fairways (15-20), ladies/gents WC, catering kitchen, wash up area and storage room with access to the rear of the property and gardens.

Other Floors

13 en suite bedrooms to the first and second floor, most double rooms, four are currently not in use. Further accommodation is situated in the cottage, comprising: four en suite bedrooms (not currently used). Attached to the cottage is a garage that could house up to three cars and an outbuilding as well as an inhouse laundry.

Fixtures & Fittings

We understand that the trade fixtures and fittings are owned outright and will be included within the sale.

External Details

Rear lawn which hosts wedding receptions using a hired marquee to cater for 150 persons.

Other Property

Subject to the necessary planning permission, a plot to the rear offers development potential for further accommodation.

The Opportunity

This is the first time the Limes Country House Hotel has been offered for sale in over 26 years. The business is currently operated as a lifestyle business, entertaining guests to suit the owner's time schedule and, indeed, not always opening every day and more recently not offering the accommodation for functions or other dining. This is a unique opportunity for a prospective purchaser to develop the business further.

Trading Information

Trading information will be made available to seriously interested parties who have viewed the business premises.

Regulatory

The property has a Premises Licence granted by the relevant local authority. It is a requirement of the Licensing Act 2003 that properties serving alcohol have a designated premises supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take appropriate specialist advice.

No direct approach may be made to the property. For an appointment to view, please contact the agent.


More information from this agent

Nearest station

  • Market Rasen (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Nottingham

Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

0115 798 0493 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Market Rasen (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Nottingham

Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

0115 798 0493 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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