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63 bedroom hotel for sale

Newton HotelInverness RoadNairnIV12 4RX

Under Offer £4,000,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

INTRODUCTION

The Newton Hotel is a fine mansion house, in the Scots Baronial style, set in around 21 acres of its own grounds. The original property dates from circa 1872 and in the intervening years the property has been significantly extended to provide a total of 63 bedrooms (including 7 new courtyard bedrooms which will boost revenue) and the extensive range of conference and function facilities with supporting meeting rooms, bars and restaurants.

The hotel attracts custom from a wide locality as well as enjoying regular tourist and holiday custom. With the proximity of Inverness Airport (and Inverness) the Newton Hotel reaps spin off from these other sources of business. The hotel is conveniently accessible, via its private driveway, from the main Inverness-Aberdeen road

through Nairn and the Newton enjoys open views to the front over its own fields and paddocks giving it the appeal of a country house hotel.

Nairn is a busy town, a few miles to the east of Inverness, which has fine stretches of sandy beaches looking out over the Moray Firth to the Black Isle and Easter Ross beyond. The consistently fine weather enjoyed along the stretch of coast contributes to the property and popularity of the town.

With its championship standard golf course, excellent beaches, fishing, sailing and shooting readily available in the area Nairn has long been acknowledged as one of premier holiday destinations in the North of Scotland. The much improved road network allowing easy access to the City of Inverness, and other centres, has also increased the popularity of Nairn with new housing developments attractive to many families working in the Inverness area.

The Newton Hotel is currently owned by a London based investment and property company who acquired the Newton hotel in August 2005 as part of a major investment in Scotland and the north of England. With a consolidation of their property portfolio a decision has been made to sell the Newton Hotel. Newton Hotel trades year round and is run entirely under management.
The hotel has developed a reputation for its conference and function facilities used by the local community and commercial businesses and as a tourist base.

THE PROPERTY

The original Newton House dates from around 1872 and is built in the Scots Baronial style. The hotel was significantly extended within the last 20 years, and more recently additional bedroom accommodation created from the outbuildings. The accommodation is now on 3 main levels as follows.

PUBLIC AREAS

The main entrance leads into a spacious Reception Hallway with large reception desk. To the right is Chaplins Bar - the hotels main bar area which is linked to a comfortable lounge area and gives access to Chaplins Bistro in the Conservatory. This hotel's main Dining Room is the Ellis Restaurant and is used for breakfasts and formal dining. The Highland Conference and Function Suite has its separate entrance and with its own reception and bar area it can accommodate up to 300 covers dining. In addition there are a range of further function rooms, boardrooms and meeting rooms including Cawdor, Chapel, Brodie, Darnaway, Boardroom, Conference Lounge and Lovat.

LETTING BEDROOMS

63 Letting Bedrooms to sleep 122 (3 Suites; 42 Doubles; 48 twins:; 2 Family; 6 Single; 7 Courtyard Rooms). All the bedrooms have ensuite facilities, colour TV, tea/coffee facilities.

SERVICE AREAS

There is an extensive range of service areas including commercial kitchen at ground floor and with ancillary areas, various stores, laundry, offices, etc at basement level.

OUTSIDE

The Newton Hotel is situated in around 21 acres of its own grounds which include the private driveway, car parking and gardens immediately in the vicinity of the hotel and fields and paddocks to the front.

SERVICES

Highland Council, Inverness (01463 702000). Mains water, electricity and drainage. Central heating. Passenger lift.

LICENCE

Premises Licence

WEBSITE

www.bespokehotels.com/newtonhotel

TRADE

The management accounts for the year ended 30th April 2015 show a total turnover of
1,845,692 (net of VAT) with EBITDAM of 485,970. The addition of the 7 new courtyard
bedrooms are expected to boost room revenue.

PRICE

Offers around 4,000,000 plus VAT for the freehold (heritable feuhold/outright ownership) property complete with goodwill and trade contents (according to inventory) excluding personal items. Stock at valuation

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

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 vendor or broker involved.

TO VIEW

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

DIRECTIONS

Inverness Airport 8 miles, Forres 11, Inverness 17, Elgin 23. From Inverness take the main A96 road signposted Aberdeen to Nairn. The private access driveway to the Newton Hotel is well signposted from the main road as you enter the centre of Nairn.


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