10 bedroom hotel for sale

Rockaway Hotel, Station Road, Nottingham, Nottinghamshire, NG9

Under Offer £395,000

Property Description

Commercial information

  • Business for sale

Full description

INTRODUCTION

The Rockaway Hotel & Restaurant is a family run business which has established an excellent reputation built up over 40 years. With its 10 spacious ensuite bedrooms, attractive restaurant, bar and residents lounge, the hotel has a great deal to offer prospective purchasers. In addition to the trade areas the hotel benefits from a self contained three bedroom owners'/staff accommodation to the rear.

Beeston is a suburb of Nottingham situated approximately 3 miles to the south west of the city centre and benefits from easy access to the A52 dual carriageway which links directly into the M1 motorway approximately 4 miles to the west. Rail services to London St Pancras are available in under 2 hours. The Rockaway Hotel is prominently located on Station Road, As the road name suggests, Beeston station is just a short walk away, and the hotel is conveniently located for easy access to Beeston town centre as well as Nottingham City centre. Nottingham is one of the UK's most vibrant cities known not only as the home for many major international companies such as Boots PLC, but also for its lively nightlife., thriving university and numerous centres of sporting excellence.

The Rockaway Hotel & Restaurant has been owned and run by the same family since 1978. In 1994 the business passed to the present family members and after 22 years at the helm, would like a change in lifestyle and have decided to sell. As a result, the sale represents an excellent opportunity for an incoming operator to take forward what is already an established and successful business. At present only one of the owners takes a full time role in the business and therefore a couple could achieve savings in staff costs and increase profitability. With its attractive restaurant and bar, the hotel also has further scope to develop the food side of the business.

THE PROPERTY

The hotel building is a substantial detached three storey Victorian property of brick construction beneath a slate pitched roof.

PUBLIC AREAS

Glazed double doors to the front of the main building lead through to a Conservatory/Reception Lounge with freestanding tables and chairs and into the main Reception Hall. To the right of the hall is a comfortable Residents Lounge with sofas and chairs, whilst to the left is the Restaurant. The attractive Restaurant has freestanding tables and chairs to seat between 40 and 50 and is currently being used as a function suite. To the rear of the ground floor is a cosy bar with servery and seat for around 20.
.
LETTING BEDROOMS

10 Letting Bedrooms to sleep around 15 (2 twin, 4 double, 4 single). All 10 rooms have ensuite facilities, colour TV direct dial telephone and tea/coffee making facilities.

OWNER'S/STAFF ACCOMMODATION

To the rear of the property there is a self-contained house comprising spacious lounge, kitchen, two bedrooms and a bathroom. There are also two ensuite staff bedrooms.

SERVICE AREAS

Ground floor commercial kitchen with a range of stainless steel equipment, work surfaces and storage. Separate freezer/laundry room, beer cellar beneath the main hotel.

OUTSIDE

There is space for between 8 and 10 cars to the front and side of the property.

SERVICES

Broxtowe Borough Council 0115 917 7777. Mains gas, electricity, water and drainage. Licence
Premises licence.

WEBSITE

www.rockawayhotel.co.uk

TRADE

Trading accounts for the year ended 31st March 2016 show an adjusted net profit of 85,549 from a turnover (net of VAT) of 147,993. Further information will be supplied to bona fide prospective purchasers following a formal viewing of the hotel.

PRICE

395,000 for the freehold property together with goodwill and trade fixtures and fittings (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 or broker involved.

MILEAGES

Nottingham City Centre 3 miles, M1 3 miles.

TO VIEW

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


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Beeston (0.1 mi)
  • Attenborough (1.4 mi)
  • Station St (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Birmingham

12th Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP

0121 396 0119 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

  • Beeston (0.1 mi)
  • Attenborough (1.4 mi)
  • Station St (3.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Birmingham

12th Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP

0121 396 0119 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 305529. 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 Colliers International (Hotels), Birmingham. 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.