11 bedroom hotel for saleKegworth HouseHigh Street,Kegworth,DE74
Under Offer £895,000
- Business for sale
Kegworth House is situated in the centre of the old medieval market town of Kegworth, on the borders of Derbyshire, Leicestershire and Nottinghamshire. Situated just a mile from Junction 24 of the M1, the hotel is ideally placed for business, academic and leisure customers. Nottingham East Midlands Airport is within three miles and Derby, Nottingham and Leicester are 11, 12 and 19 miles distant respectively. The hotel is an ideal base for visitors to the area with local tourist attractions such as Calke Abbey, Donington Park Raceway, world renowned golfing at The Belfry, Elvaston Castle Country Park and the National Water Sports Centre. Within an hour, guests could experience the fabulous shopping and culture of Birmingham or, for a different pace, the beauty of the Peak District with spectacular walking and scenery.
There are a number of future developments and proposals in the immediate area which may have a positive impact upon the success of the hotel. These include widening of the A453, a number of proposed commercial developments at junction 24 and plans for a strategic railfreight interchange on the edge of Kegworth. Another recent announcement is that Formula E, the FIA's new global electric racing series is to develop its new headquaters and team facilities within the grounds of Donington Park Racing Circuit. All the above are likely to increase demand for hotel accommodation in the area.
Kegworth House was acquired by the current owners in 2006 and since then they have devoted all their energies to enhancing the reputation of this immaculate and welcoming hotel. Although they have decided it is now time for them to move on, they still have many ideas for ways in which the hotel might be further developed. Business is a mix of corporate, academic and leisure, and the hotel is ideally situated for guests in those respects. Kegworth House would also be a wonderful venue for a small wedding and there is much scope for a new owner to develop this area of the business. The sale of Kegworth House offers a great deal: a profitable business, the financial comfort of investment in property, scope to develop the business and, perhaps most importantly, an attractive lifestyle.
A substantial Georgian town house dating back in parts some 350 years with additions around 100 years later.
The reception is accessed via a door from the side of the property and leads through to the main Reception with reception desk. Doors from the reception lead through to bedrooms and all public areas. The Dining Kitchen is homely and inviting, and breakfast is served around the farmhouse table. Accessed from the elegant reception hall, the panelled formal Dining Room provides the setting for private dining, banquets, as well as a conference setting. Kegworth House offers free WiFi access throughout. The two public Sitting Rooms are beautifully furnished, providing a comfortable environment in which to relax.
11 letting bedrooms to sleep 22 (all double). Two rooms have sofa beds for use as family rooms. All of the rooms have en suite facilities, direct dial telephone, TV, tea and coffee making facilities.
A two bedroom detached cottage across the courtyard from the main hotel provides owners' accommodation. The ground floor comprises cloakroom, sitting room and dining kitchen. On the first floor are two bedrooms and a luxurious bathroom. The larger of the bedrooms has a delightful roof terrace overlooking the walled gardens.
A large dining kitchen with a range of equipment, work surfaces and storage. Large cellar rooms with freezers and shower room. Hatch and steps lead to a further cellar used for wine and dry goods storage. Fully equipped laundry room.
Beautiful and well maintained quintessentially English walled garden. Beyond the walled garden lies a further area currently set out as an orchard. The current owners have suggested that this area would lend itself well to the creation of a function room/restaurant for weddings. This would of course be subject to the usual consents. Extensive secure car parking.
North West Leicestershire District Council - (01530) 454545. Mains gas, electricity, water and drainage.
LISTINGS AND AWARDS
Late Rooms 'Simply the Guest Awards - Winner of the 'Top Rated Historic Hotel' category.
AA 5-Star Guest House. AA Breakfast Award. Tripadvisor Certificate of Excellence. Michelin Guide. Eviivo Gold Award Finalist. (Eviivo Friendliest Award Finalist 2011)
Photographs have been supplied by the owners and may not be current.
Accounts for the year ending February 2013 show adjusted net profits of £33,008 from a turnover £180,646 net of VAT. As a lifestyle choice, only one of the current owners works within the hotel and this is for only 2-3 hours a day. As a consequence, staff costs are unusually high for a hotel of this size and it would be reasonable for new owners to reduce this by at least 50% which would give a more realistic net profit of circa £70,000 per annum. It is also worth noting that turnover has steadily increased during economincally challenging times - a reflection of the hotel's quality. Further information will be supplied to bona fide prospective purchasers following a formal viewing of the property.
Offers around £895,000 for the freehold property complete with goodwill and trade fixtures and fittings (subject to inventory) but excluding personal items. Stock at valuation.
Energy Performance Certificates (EPCs)
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