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Hotel for sale

Woodcock Hill, RH19

Offers in Excess of £1,650,000

Property Description

Commercial information

  • Use class orders: C1 Hotels

Key features

  • 19 Ensuite Bedroom Hotel
  • Ground Floor Bar
  • Potential for Increased Turnover

Full description

FREEHOLD HOTEL FOR SALE
OF INTEREST TO INVESTORS/HOTEL OPERATORS AND DEVELOPERS


Location: 

The property is prominently situated between Felbridge and East Grinstead with frontage to the main A22. The property is conveniently located approximately 8 miles to Junction 6 of the M25, 9 miles from Gatwick Airport, and 3 miles from East Grinstead Railway Station and 3 miles from Lingfield Racecourse.

Description/Accommodation:
The detached property has frontage to the A22 and is arranged over ground, first and second floors comprising 19 en-suite rooms. In addition there is a bar area on the ground floor and ancillary accommodation including two kitchens, storage/office and storage room.

There is car parking at the front and to the rear of the property with approximately 22 car parking spaces provided.

The Business:

The Hotel income is made up from some long term guests as well as passing trade including some bookings from local authorities. The hotel income is currently in the region of 150,000 per annum.

The bar area is open to both residents and to the public and current income from bar sales is in the region of 20,000 per annum.

Terms:

The freehold interest is available for sale. Offers are sought in excess of 1.65 million plus VAT (if applicable) Subject to Contract.

Business Rates:
According to the Government website the Rateable Value is 31,800 pa. The UBR for 2016/17 is 49.7p in the .

Legal costs:
Each party to be responsible for their own legal costs incurred in this transaction.

Energy Performance Certificate:

Full information available upon request.


More information from this agent

Map & Street View

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