Hotel for sale

White Hart Hotel, Broad St, Launceston, Cornwall, PL15 8AL

£475,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prominent town centre trading position
  • 26 letting bedrooms
  • Net sales in excess of 620,000 per annum
  • Extensive public areas, 350 + covers
  • Three bars, two dining rooms, ball room
  • Three bed apartment. Five staff bedrooms. EPC Exempt

Full description

Tenure: Freehold

Description

A substantial 17th Century Grade II Listed building, arranged over three storeys, with white washed rendered elevations of traditional construction under a pitched slate roof.

The Property has 26 letting bedrooms, 25 being en suite, with the front entrance located on the ground floor and rear entrance located on the first floor.

Location

White Hart Hotel is located in the centre of Launceston, a town in the North of Cornwall. The town is known for its ancient history including a Norman Castle, as well as its steam railway. Launceston can be easily accessed by the A30 dual carriageway and is situated approximately one mile from the River Tamar. Dartmoor National Park is within driving distance of the Property, as is the coast.The hotel is located in the hub of the town, fronting onto the main town square, which experiences excellent foot fall due to the presence of major high street retailers.

Internal Details

Main entrance to the front opening to the reception:-

Dunheved Bar, windows to front, bar servery, gas stove, tables and chairs to accommodate circa 40 people.

Lounge Bar, bar servery, tables and chairs to accommodate circa 60 people.

Dining room, carvery servery, tables and chairs to accommodate circa 36 people, leading onto the second dining room with further tables and chairs to accommodate circa 36 people.

Tamar Suite, located at the rear of the building and used mainly for meetings, functions and private hire, bar servery room through adjoining door, chairs to accommodate circa 40 people.

Pool room, serving hatch from the main bar, two pool tables, a selection of tables and chairs.

Ballroom and conservatory, a large open plan room and conservatory used for wedding and events, bar severy, can accommodate circa 150 people seated, licenced for up to 380.

Retail shop facing onto rear courtyard, currently used for storage.

Extensive ancillary areas including commercial kitchen, wash up room, offices, laundry room, cold room, staff room, offices, cellars and a number of stores.

Fixtures & Fittings

Trade fixtures & fittings will be included in the sale and our clients will provide a trade inventory to interested parties.

Letting Accommodation

There are 26 letting bedrooms, of which 25 en suite facilities.

In addition, five bedrooms with shared facilities are currently occupied by staff.

External Details

To the rear of the property there is a car park with allocated parking for 16 vehicles.

Owner's Accommodation

There is a three bedroom apartment which includes a lounge, kitchen and bathroom. This is currently let for £500 per calendar month.

The Opportunity

The White Hart Hotel enjoys a prominent trading position in the centre of Launceston. The hotel is a traditional coaching inn which benefits from a strong wet trade, as well as a developing food trade. The hotel benefits from a large function suite which is regularly used for wedding receptions, wakes, parties and other events. The accommodation is popular with both the corporate and private market, bedroom prices have been increased for the 2017 season to £81 per night for a double bedroom and £105 for a family room.

The business is currently run by our client assisted by a manager and a pool of full and part time staff. The business has strong upside potential which could be achieved by improving room rates and occupancy; further developing the food trade; and further advertising and development of the events business.

Trading Information

Accounts for year end 30 June 2017 show a net turnover of £622,912.

Business Rates

Rateable value with effect from April 2017 £79,000.

Regulatory

Premises Licence.


More information from this agent

Nearest station

  • Gunnislake (10.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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

  • Gunnislake (10.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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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