20 bedroom hotel for sale

Ardley Road, OX25

Offers Over £1,000,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

No doubt built as a Coaching Inn when the road through the village was a turnpike, these days the Jersey Arms is operated largely as a rooms-led business. With 20 bedrooms this works perfectly well, but there is clearly an opportunity to drive much more food and beverage through the delightful public rooms. Whichever style of business an operator would like to go however the location is perfect.

Situated on a busy cross-roads, the Jersey Arms has a great location only about 3 and a miles from the fast growing town of Bicester with its internationally known retail outlet centre, Bicester Village. There is easy access to the M40 just to the east and to the west lie the ever popular Cotswolds with their many draws to visitors. With these many advantages the Jersey Arms could be a very high volume business indeed.

Our client has owned the business for over 30 years and for many years now has focussed on bedroom trade as the main stay of the business. After such a good stint at the helm retirement beckons, giving energetic new owners the opportunity to take the business forward.

THE PROPERTY

A two storey building the Jersey Arms is constructed of Cotswold stone beneath pitched slate covered roofs.

PUBLIC AREAS

Lovely public bar with eye-catching fireplace. Restaurant seating up to 40, a light and flexible room. There are two meetings rooms. One near the bar is currently unused, the other, accessed from the courtyard, can seat 10.

LETTING BEDROOMS

20 letting bedrooms to sleep 37 (6 king, 3 suites, 6 standard doubles, 2 twin and 3 single).
All rooms are centrally heated and equipped with direct dial telephone, hard-wire computer access, TV, radio alarm, tea and coffee making facilities, and hairdryer.

SERVICE AREAS

Commercial kitchen with preparation and wash-up sections. Beer cellar. Boiler room.

OUTSIDE

Pretty landscaped courtyard. Across the road opposite the hotel is a car park.

SERVICES

Cherwell District Council at Banbury 01295 227001

Mains electricity (three phase power available), water and drainage. LPG gas. Oil fired central heating.

LICENCE

Premises Licence is held, further details on request.

LISTINGS

AA 2* 76%. The hotel is a member of Best Western although our client has served notice to leave in December.

WEBSITE

www.jerseyarms.com

TRADE

Accounts for the year ended 30th April 2015 so net sales of 412,343 of which 264,435 came from accommodation sales. A trading profit before finance and depreciation costs of 95,596 was achieved in the 2015 year.

PRICE

Offers over 1 million for the freehold property complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation.

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 lender of broker involved.

TO VIEW

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

DIRECTIONS

From Junction 9 of the M40 before Bicester take the A34 south and then the B430 north and the Jersey Arms will be seen directly in front of you just after the traffic lights in Middleton Stoney.
Bicester 4 miles, Oxford 14, Banbury 16, Burford 23, London 68.

Nearest stations

  • Bicester North (3.2 mi)
  • Heyford (3.2 mi)
  • Bicester Town (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Bristol

Ground floor, 10 Templeback, Bristol BS1 6FL

0117 407 2383 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

  • Bicester North (3.2 mi)
  • Heyford (3.2 mi)
  • Bicester Town (3.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Bristol

Ground floor, 10 Templeback, Bristol BS1 6FL

0117 407 2383 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.

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