10 bedroom hotel for sale

Shamrock Way, Hythe, SO45

POA

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 marina hotel and brasserie which occupies a stunning location within the Hythe Marina Village Complex, Hythe in Southampton. Surrounded by open waterways, luxury yatches and boats and with views across the estuary to Southampton itself.

The Boathouse Hotel is ideally situated on the waterfront within the Hythe Marina village just six and a half miles from Southampton town centre. The hotel is set within the heart of the marina village and its terraces meet the sea and moorings. The area is renowned for its affluence and outstanding beauty, which literally attract thousands of day trippers, and international boat enthusiasts throughout the year who visit to take in the stunning natural scenery and beauty.

The Boathouse 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 premier family bedroom, 3 standard double bedrooms, 3 premier double rooms 2 with balconies 2 with additional sofa beds, 2 double or twins as required and 1 single premier 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.

The Boathouse Hotel is a successful and profitable business built on solid foundations yet offers genuine scope for future growth and development which will naturally increase the turnover and associated profitability of the business further.

Part of the building can also be acquired and the vendor has planning permission to add another 6 premier rooms (could be 10 standard) and a function room/ bar.

In addition to all of the above the vendor would also consider selling with the virtual freehold, with 970 years remaining which would become attractive to corporate buyers, all is available subject to the offers received.

The business would therefore ideally suit an ambitious and energetic family unit, ideally with a catering/ hospitality background who have the opportunity to actively market the business and establish the restaurant to offer snacks and afternoon tea throughout the day, an a la carte menu during the evenings and traditional roasts or a carvery on Sundays to attract both local people and appeal to those residents staying in the hotel. There is also potential to actively market the function aspect of the trade especially to the corporate sector and establish relationships with a wider range of the business community.

The business as a virtual freehold with planning permission for extension/modification would also be of major interest to corporate clients and hotel chains nationally as there is no competition within the area.

The vendor feels that he has driven forward the basis of this outstanding business but feels he is now the reason the business is being held back, due to other business interests the vendor feels he cannot dedicate enough time to further growth of this business, and viewing is therefore highly recommended to appreciate what this unique proposition has to offer.

The options are:

1/ Leasehold of the current hotel only
2/Leasehold of the current hotel plus the additional building complete with planning approval and all drawings
3/ As above but to include a virtual freehold 970 years

All options are upon a bids invited basis

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.

PROPERTY
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. Externally the property stands adjacent to the marina waterfront.

RESTAURANT AND BAR AREAS
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 premier family bedrooms, 3 standard double bedrooms, 3 premier double rooms 2 with balconies 2 with additional sofa beds, 2 double or twins as required and 1 single premier 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 overlooking the marina. Externally there is private car parking for approximately 45 vehicles, an established terrace area alongside the marina and boats.

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.

More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Woolston (2.1 mi)
  • Sholing (2.3 mi)
  • Southampton Central (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Woolston (2.1 mi)
  • Sholing (2.3 mi)
  • Southampton Central (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 44060. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.