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32 bedroom hotel for sale

Haven in the Vale Hotel

Offers in Region of £975,000

Property Description

Commercial information

  • Business for sale

Full description

INTRODUCTION

Occupying a prominent position on the main A52 between Nottingham and Grantham, the Haven in the Vale Hotel (formerly the Vale of Belvoir Hotel is a substantial property having the benefit of 32 ensuite letting bedrooms, two function rooms (120 and 60), a popular restaurant (80) and two 3-bed flats currently used for owner and staff accommodation .

The hotel sits in a plot of approximately 5 acres (2.1 hectares, measured from plans) with substantial lawns, patio area and a gravel car park which can accommodate in excess of 60 cars.
The hotel is situated on the busy A52 approximately 12 miles east of Nottingham and 9 miles west of Grantham. The nearest conurbation is Bingham approximately 3 miles to the west. Given the location the hotel has a busy commercial trade Mondays to Thursdays with commercial travellers and local contractors. At weekends the hotel attracts more leisure and family customers. The hotel is very easily situated for the picturesque Vale of Belvoir as well as convenient for the delights and sporting amenities of Nottingham close by.

Our clients, the current owners have been letting the property to a local operator for the past 10 years. This lease ends on the 31st August 2016 and our client now wishes to dispose of the freehold. Given that the property has been let our clients or the agents do not have copies of the trading accounts. Prospective purchasers should therefore produce their own business plan to determine the level of trade and profitability that the hotel is like to achieve. With its spacious accommodation, excellent trading location and the potential for further letting bedrooms afforded by the two 3-bed flats the Haven in the Vale can be an extremely successful and profitable business for an incoming purchaser.

THE PROPERTY

A two storey property of traditional construction where the rendered and tile hung elevations beneath a pitched tiled roof.

PUBLIC AREAS

Entrance doors from the car park lead through to the main open plan trading areas. The hotel has a spacious restaurant to accommodate in excess of 80 diners with freestanding tables and chairs a well designed bar servery and a lounge area to accommodate a further 25. Beyond the restaurant on the ground floor is a conference/function room that accommodates 100 for seated events or up to 150 for buffet style functions.
The room has its own bar servery. On the first floor is the second function room to accommodate up to 60 which is popular with local businesses and for meetings etc.

LETTING BEDROOMS

32 letting bedrooms (10 family (3 person rooms) 13 doubles; 7 twins and 2 singles). All the bedroom's have ensuite facilities

ANCILLARY AREAS

On the ground floor behind the restaurant is a spacious commercial kitchen with a comprehensive range of equipment, work surfaces, storage and extraction and washing up areas

OUTSIDE

Situated on a large corner plot of approximately 5 Acres (2.1 hectares, measured from plans) there is a gravel area for between 60 and 80 vehicles, a trade patio with the remainder laid to lawn.

SERVICES

Mains electricity heating is a mixture of gas central heating and electric storage heaters.

TRADE

As the property has been let for the past 10 years the hotel is being sold without trading accounts.

PRICE

975,000 for the freehold property.

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

No direct approach to be made to the property. For an appointment to view please contact Jonathan Wren.

More information from this agent

Listing History

Added on Rightmove:
12 September 2016

Map & Street View

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