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Commercial Property for sale

29-32 Shamrock Way - SO45

£350,000

Property Description

Commercial information

  • Business for sale

Key features

  • Stunning hotel set amid some of the best views in the area
  • Turnover £684,370 per annum (y/e 31.12.15), genuine growth potential
  • 10 stunningly presented bedrooms, 54 cover dining room
  • Excellent reputation, leasehold or with 970 year virtual freehold plus planning permission

Full description

Tenure: Leasehold

DESCRIPTION
This is an extremely rare opportunity to acquire a stunning hotel which occupies a stunning location.

The business is ideally situated close to the town centre. The area is renowned for its affluence and outstanding beauty, which literally attracts thousands of day trippers throughout the year who visit to take in the stunning natural scenery and beauty.

The hotel was acquired by the present owners in 2010 and during that time the business has earned an excellent reputation for offering a warm welcome with well-appointed facilities which ensures the business enjoys good reviews as well as frequent referrals and recommendations. The vendor has recently developed the business including a no expense spared overhaul and renovation of the property which leaves a standard to be envied.

The hotel has a compliment of well trained and motivated staff members which is another major factor of the businesses success and reputation. Within the kitchen there is a team of well trained and loyal chefs that offer an excellence in food.

Since the business was established, the property has been sympathetically renovated and tastefully extended taking great care to preserve and enhance the historic character of the existing building. The hotel now offers 10 luxury bedrooms (all with en-suite facilities) which are well appointed with tasteful décor, quality furniture and furnishings with many enjoying views across the marina. The bedrooms comprise: 1 premiere family bedroom, 3 standard double bedrooms, 3 premiere double rooms 2 with balconies 2 with additional sofa beds, 2 double or twins as required and 1 single premiere room. The rooms are located across the first floor of the hotel and each bedroom has the benefit of a flat screen colour television, WIFI and complimentary tea and coffee making facilities.

In addition to the letting accommodation there is a comfortable lounge/dining area, licensed bar, and a stunning waterfront terraced area.

This is a successf

ACCOUNTS
Available accounts are to year end 31st March and are summarised below:
2014 - Sales £675,087 GP £257,384 EBITDA £103,819
2015 - Sales £684,370 GP £276,870 EBITDA £119,893


STAFF
Overseen by the owner with management and 10 full time and 11 part time staff.

Building External
The impressive and highly visible detached brick and slate roof building has been sympathetically updated and extensively renovated by the present owners and proudly stands within stunning views.

BUILDING INTERNAL
The hotel has a welcoming ground floor public bar and 54 cover dining room/lounge which is also used to cater for those residents staying on bed and breakfast. There is a comprehensively appointed commercial kitchen with an extensive range of excellent quality, valuable catering equipment that has been well maintained. To the first floor are all of the letting rooms. Externally there is a large car park with additional parking nearby.

LETTING ACCOMMODATION
The 10 bedrooms (all with en-suite facilities) are well appointed with tasteful décor, quality furniture and furnishings with many enjoying stunning. The bedrooms comprise: 1 premiere family bedrooms, 3 standard double bedrooms, 3 premiere double rooms 2 with balconies 2 with additional sofa beds, 2 double or twins as required and 1 single premiere room.

The rooms are located on the first floor of the hotel and each bedroom has the benefit of a flat screen colour television, WIFI and complimentary tea and coffee making facilities. Many rooms have private terraces. Externally there is private car parking for approximately 45 vehicles, an established terrace area.


RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners or management available. However should the additional part of the building be included there is scope to add an owner’s accommodation.

TENURE
We are advised that the property is leasehold There is an option for the purchaser to acquire the virtual freehold for 970 years and the vendor would include this subject to initial offer.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


SUMMARY
This well known and highly regarded hotel has been successfully operated by the present owners for many years and is only now being offered for sale due to personal requirements. Due to all the options available with this sale it represents a first class opportunity for an enthusiastic, or with the added extras may appeal and be of interest to large regional and national corporate chains, therefore viewing is highly recommended.


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