7 bedroom hotel for sale

Graham Road, Malvern, Worcestershire, WR14

£725,000

Property Description

Commercial information

  • Business for sale

Full description

If you are looking for an easy to run the bed-and-breakfast business in an attractive environment then the Pembridge may be the answer. The property was built by Lord Graham, a wealthy man, which means that many of the rooms have elegant proportions and the building retains much of the original detailing such as fireplaces, cornices and there is a most unusual staircase. Of course, bed-and-breakfast businesses can be very profitable, and the hotel currently provides a most attractive second income for the owners despite being lightly traded at the moment. For a couple who both wish to be involved full time and drive the trade, there is an opportunity to take the business to the next level. Owners will appreciate the exceptionally large lower ground floor flat which has excellent light and access to a private garden.

The hotel is a short walk from the town centre and is therefore in an ideal location for bed-and-breakfast trade. The town itself is attractive and thriving, an interesting place to visit and a lovely one in which to live. Malvern offers first class walking country. The Malvern Hills are a draw as are the Cotswolds to the east and the Wye Valley to the west. The town hosts an annual music festival as well as having a very successful theatre. Add this to the number of private schools plus many businesses and you have an ideal mix to support the hotel.

The vendors bought the business in the middle of 2004. It has done exactly what they wanted, giving them a nice place to live and a good second income plus plenty of space for an extended family with three generations currently at home. The time is come now for them to move on giving new owners the opportunity to acquire this lovely property.

THE PROPERTY

Having been built in 1868 by Lord Graham the Pembridge is constructed of brick with stone dressings and a slate covered roof. Accommodation is arranged on four floors. In a conservation area but not a listed building.

PUBLIC AREAS

It is possible to enter the hotel from the garden, as that is close to the car park, but the more formal entrance is from the road at the front. From there the porch and lobby leads through to a spacious Hall which features a particularly attractive split staircase to the next floor. Off the entrance hall is the Breakfast Room and also the Lounge for the guests, both delightful rooms.

LETTING BEDROOMS

7 letting bedrooms to sleep 14 (four double and three twin). Five rooms have en suite shower room, two bath with shower over, and one with bath only.

An en suite ground floor letting bedroom is used by our clients' elderly mother and another ground floor room by family too. Utilising both would increase the bedroom stock to 9.
All rooms are centrally heated and have television, radio alarm clock, tea and coffee making facilities, trouser press and hairdryer.

OWNERS' ACCOMMODATION

There is a delightful self contained flat and garden level for owners. There is one double bedroom and one single bedroom with large shared bathroom, lounge and a lovely and very spacious kitchen off the large diner. The hall has been partitioned off to provide an office and there is also a large walk-in closet.

An unusual feature is the vault which runs underneath the garden at the front to the property and provides additional storage.

Private Garden to the side of the hotel.

SERVICE AREAS

The hotel uses the kitchen within the flat. Various stores.

OUTSIDE

The building sits within attractively landscaped formal gardens, in a large corner plot mainly laid to lawn with shrubs and borders. Outhouse.

Car park accessed from Albert Road North.

SERVICES

Malvern Hills District Council at Malvern (01684) 892700.

Mains gas, electricity, water and drainage. Gas-fired central heating.

LISTINGS

AA 3* Guest Accommodation

WEBSITE

www.thepembridge.co.uk

TRADE

Accounts for the year end date 31st March 2016 show sales of 55,454 on which profits before finance and depreciation of 16,381 was made.

The business is very lightly traded and energetic new owners could doubtless drive sales much higher, particularly if all available rooms were used.

PRICE

725,000 for the freehold property complete with goodwill and trade contents, 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 of broker involved.

TO VIEW

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

DIRECTIONS

Coming from Worcester on the A449, count three sets of traffic lights from Malvern Link. At the fifth set of lights take a left turn marked "Graham Road town centre and theatres". The Pembridge is the first guest house on the left hand side.

Worcester 8 miles, M50 (Junction one) 10, Hereford 20, Cheltenham 24, Birmingham 34, Cardiff 66 and London 127

Listing History

Added on Rightmove:
15 November 2016

Nearest stations

  • Great Malvern (0.6 mi)
  • Malvern Link (0.7 mi)
  • Colwall (2.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Colliers International (Hotels), Bristol

Ground floor, 10 Templeback, Bristol BS1 6FL

0117 407 2383 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

  • Great Malvern (0.6 mi)
  • Malvern Link (0.7 mi)
  • Colwall (2.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Bristol

Ground floor, 10 Templeback, Bristol BS1 6FL

0117 407 2383 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 207939. 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 Colliers International (Hotels), Bristol. 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.

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