15 bedroom hotel for saleCley Hall High Street, Spalding, PE11
Guide Price £695,000
- Business for sale
The Cley Hall Hotel is located at the heart of the market town of Spalding in South Lincolnshire. Famous for its annual flower festival the town is an important hub for the numerous agricultural and market gardening concerns based in the area.
The current Owners aquired the Cley Hall Hotel in 2011 and during their two years of ownership they have spent considerable time and money physically updating the hotel and enhancing the excellent reputation of the business.
The Owners run the hotel very much as a 'Lifestyle' business and spend at least 12 weeks a year overseas. With a dedicated hands-on-approach and a push on weddings and food the hotel could undoubtedly trade at higher levels of both turnover and profits. The property also has the benefit of planning permission to extend the property to create a dedicated 100 cover restaurant. Given that the hotel is already trading with an impresive turnover in excess of £328k per annum, the opportunity to run the hotel on a more 'hands-on' basis and the potential afforded by the planning permission, the sale represents a fantastic opportunity for enthusiastic new owners.
A Grade II 'star' listed period property of traditional brick construction with accommodation over ground and two upper floors. Adjacent to the main building is a separate two storey 'coachhouse' of brick and stone construction.
An imposing front door with original stained glass top panel leads through to an impresive Entrance Hall with a 'Terrazzo' floor and ornate wooden staircase. To the right of the hall a Lounge with an attractive fireplace and comfortable seating. To the left of the hall is a Lounge Bar with a fireplace, comfortable seating and double doors leading through to the hotel bar servery, with exposed brick walls and bar stools. To the rear is an elegant Restaurant with space to seat circa 20 covers, mirrored walls, a large bay window with views across the garden. Doors at the end of the hall lead to a secondary Restaurant area with seating for a further 20-25 covers.
Stairs from the hall lead down to a private meeting/conference room for 12 boardroom style and ladies and gents WC's.
On the ground floor is a Commercial Kitchen with a range of professional stainless steel equipment, work surfaces and storage. Walk in fridge.
15 letting bedrooms to sleep circa 27 (10 doubles, 4 singles, 1 family). 4 of the double rooms are located in the main house and the remaining 11 in an adjacent 'coachhouse'. All the bedrooms have en suite facilities.
Situated on the second floor is an impressive and well appointed Owners' appartment. The accommodation comprises an Entrance Hall, a beautiful double height Lounge, Dining Room, Kitchen, two double Bedrooms and bathroom. In addition there is the opportunity to create further rooms in the loft either as additional private accommodation or to allow the existing Owners appartment to be converted into additional letting bedrooms.
To the front and side of the property there is parking for circa 18 cars. To the rear and accessed from the rear of the main building is a delightful 'walled garden' with a shaped lawn and formal shrub borders overlooked by a raised terrace with a conservatory, 'the Terrace Room' which can be used for weddings and other functions. Also in the rear garden is an outside bar and outbuilding housing storage and a new boiler.
There is planning permission in place for a substantial extention to the rear of the main building to provide a 100 cover Restaurant and function venue.
LOCAL AUTHORITY AND SERVICES
South Holland District Council 01775 761 161. We understand that all mains services are connected to the property.
Premises Licence. Civil Wedding Licence
Accounts supplied by the current operators for the year ending March 2013 show a turnover (net of VAT) of £328,551. Further information may be supplied to bona fide prospective purchasers following a formal viewing of the hotel.
£695,000 - For the freehold property, goodwill and trade fixtures and fittings (subject to inventory). stock additionally at valuation.
Energy Performance Certificates (EPCs)
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