Hotel for sale

The Exchange Coach House Inn, Bigby Street, Brigg, North Lincolnshire, DN20 8EJ

£1,250,000

Property Description

Commercial information

  • Business for sale

Key features

  • 42 bedroom town centre hotel
  • Vibrant commercial area of North Lincs
  • Main building + 22 en suite courtyard rooms
  • Further 20 beds above bar, restaurant, cafe
  • Option to buy main building & 22 rooms 750k
  • Grade II Star Listed. EPC exempt

Full description

Tenure: Freehold

Description

A 42 bedroom, family owned hotel business in the centre of a pleasant market town in the vibrant commercial region of North Lincolnshire.

There is also an option to buy the main building and 22 en suite bedrooms only for £750,000.

Location

The hotel occupies a central position, just off the main high street, in the pleasant market town of Brigg which lies just off the M180 between Scunthorpe and Grimsby. The North Lincolnshire region is currently experiencing significant regeneration and the hotel is well placed to take advantage of the huge commercial trade from the local steel and power industry as well as being within ten miles of the Humber Bridge and Humberside Airport.

Internal Details

The original building comprises a function room with bar, a carvery, a breakfast room, a restaurant and bar, residents lounge and a large two bedroom owner's maisonette.

To the rear is a self contained hotel block of 22 en suite bedrooms, with a mix of single and double rooms built around a pleasant courtyard and connecting to the main high street.

Also, recently built by our client, is an additional and self contained block of 20 bedrooms above a licensed café, restaurant, bar and breakfast room. This building is accessed via the rear main car park off the Exchange building and also connects to the main high street with good frontage.

External Details

The hotel has ample parking.

The Opportunity

The Exchange Coach House Inn is a family owned hotel with a total of 42 bedrooms, built and developed around 18th Century Grade II Star listed building. For further information please refer to their business website; www.exchangebrigg.co.uk.

Trading Information

Our client currently operates the business on greatly reduced hours and limited marketing to suit his lifestyle and therefore trade figure are currently low.

However pre recession, net turnover regularly exceeded £1million with profits of around £500,000 and this was achieved with only 22 operational bedrooms.


More information from this agent

Nearest stations

  • Brigg (0.3 mi)
  • Barnetby (3.7 mi)
  • Kirton Lindsey (6.3 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Brigg (0.3 mi)
  • Barnetby (3.7 mi)
  • Kirton Lindsey (6.3 mi)
Distances are straight line measurements from centre of postcode

Disclaimer - Property reference 5443946-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.