Hotel for sale

Cox's Hill, Gainsborough, DN21

£430,000

Property Description

Key features

  • Hotel For Sale
  • 11 Lettings Bedrooms
  • Grade II Listed
  • Res Dev Building Plot included
  • EPC Rating C

Full description

Tenure: Freehold

A delightful country town hotel being a characterful listed building in an attractive garden setting having 11 bedrooms, lounge bar, restaurant and meeting room. This includes a highly valuable residential development plot.


DIRECTIONS 
A1 (M) about 15 miles, Lincoln 18 and Doncaster 20. The Hickman Hill Hotel is easily found only a short drive from the centre of Gainsborough. From North Street (A159) turn into Spital Terrace and continue under the bridge before turning right up Cox's Hill. Hickman Hill Hotel can then be seen on the right hand side.

DESCRIPTION 
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 (truncated)

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, Wi-Fi, TV 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 pass through dishwasher room with walk-in refrigerator, dry goods store and laundry room with washer and 2 dryers. Small reception office, main office with CCTV, staff WC's 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 
Mains electricity, water, drainage and gas are connected to the property; however all prospective purchasers are advised to check upon the adequacy of these supplies for their own purposes. There is gas fired central heating. West Lindsey District Council - Tel: 01427 676676

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 uses 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.

EPC 
The property has an Energy Performance rating of C:70. The full EPC and Recommendation Report are available upon request.

VAT 
VAT may be charged in addition to the purchase price at the prevailing rate.

VIEWING 
Viewing is strictly by appointment with the sole agents: Tel: 01522 536777 Contact: Jamie Thorpe - jthorpe@pygott-crone.com Rob Waterhouse - rwaterhouse@pygott-crone.com William Downing – wdowning@pygott-crone.com

More information from this agent

Nearest stations

  • Gainsborough Central (0.2 mi)
  • Gainsborough Lea Road (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

01522 418076 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 stations

  • Gainsborough Central (0.2 mi)
  • Gainsborough Lea Road (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

PYGOTT & CRONE COMMERCIAL, Lincoln

36a Silver Street, Lincoln, LN2 1EW

01522 418076 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.

Disclaimer - Property reference LNC170046. 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 PYGOTT & CRONE COMMERCIAL, Lincoln. 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.