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Residential Development for sale

Salmon Leap Hotel, Coach Road, Sleights, YO22

Guide Price 0.62 ac. | £350,000

Property Description

Commercial information

  • 0.62 acres (0.25 hectares)
  • Use class orders: C1 Hotels

Key features

  • Well Established Hotel
  • Planning Granted for 7 Holiday Cottages
  • Busy Tourist Location
  • Potential Development
  • Building Footprint 0.128 Acres

Full description

Tenure: Freehold

FOR SALE BY AUCTION: Reservation fee to be paid by the successful bidder.

Pattinson are offering to the market an established hotel and associated land which holds full planning permission for conversion of existing building to form 2 units and 5 new build units as to operate as holiday accommodation. The Salmon Leap Hotel has been established for a number of years as a thriving hotel in the large village of Sleight, just south of Whitby. The hotel benefits from a high level of tourist trade and is also well linked within the local community and surrounding areas. The hotel is accommodated with seven car parking spaces to the front of the building with a public car park also located nearby offering further availability.

The Salmon Leap Hotel is located towards the north end of Sleights, a large village in the Esk Valley which is roughly 4 miles south of Whitby. The property is surrounded with a large number of amenities including a village shop, post office, tearooms, fish and chip restaurant, hairdressers and bakery.

The subject property is within walking distance of Sleights train station which is on the Esk Valley Railway line running from Middlesbrough to Whitby. There is also good road transport links to York, Leeds, Teeside, the North West, North Yorkshire and the Yorkshire Coast.

The subject building and lands are not located with the North Yorkshire Moors National Park and therefore are not bound by the same restrictions and rules.

The main building offers ample parking, seven bedrooms which all have en-suite facilities and a large beer garden.

In addition to the main building there is also a development opportunity with planning permission in place for conversion of the existing building into 2 holiday cottages as well as 5 new-build units to operate as holiday accommodation. In total, the seven holiday cottages would provide a lucrative business opportunity.

It is to be noted that, despite the age of the building, it is not classed as a listed building and is also not included on the Statutory list of buildings of special architectural or historic interest. This means that the subject buildings are not governed by special permission from the local planning authority.

The subject property and associated land currently holds full planning permission for 'conversion of existing building to form 2 units and 5 new build units as holiday accommodation' and was granted in March 2016. Full planning documents are available at Scarborough Council website.

The subject building and land offer a wide scope for future development on top of the granted planning permission. There is the possibility of changing the use of the commercial public house/hotel category to another class given the necessary planning consent. There is another public house and rented accommodation within the village so therefore the village of Sleights would not be left without a local pub.

Planning reference: 12/01163/FL

Freehold. Title number NYK140319.

The adopted rateable value is 8,400 pounds as effective from 01 APRIL 2010.

Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.

The subject property is sold under the buyer's premium section of the auction; this means a successful buyer shall pay a premium of 5% against the final agreed purchase price plus VAT, subject to a minimum fee of 5,000 + VAT, to Keith Pattinson Ltd on acceptance of an offer. THIS FEE IS NON REFUNDABLE.

This commercial property is also unconditional; this means that a successful bidder upon acceptance of an offer must pay the buyer premium plus VAT to Keith Pattinson Ltd, and is also required to exchange contracts on the day together with the submission of a 5% deposit against the purchase price. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. This means any interested parties wishing to make an offer on a property/site must be in funds for both the buyer premium and the deposit, both to be placed with and held by Keith Pattinson Ltd.

For further information, please contact our office direct on 0191-239-3252. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial Department. Please contact us to arrange an internal inspection, or to register your interest.

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