Commercial Property for saleMelton Road, Oakham
Sold STC £375,000
- EXCELLENT REDEVELOPMENT OPPORTUNITY
- Grade II Listed Hotel & Public House
- Freehold For Sale
- Requires Refurbishment
- Open-plan Bar/ Restaurant
- 4 Guest Suites With Bathrooms
- 2nd Floor Hotelier's Apartment
- Car Parking
- Town Centre Location
- Energy Rating: TBC
FOR SALE: FREEHOLD TOWN CENTRE HOTEL & PUBLIC HOUSE
An excellent opportunity has arisen to purchase The White Lion Hotel, a three storey character Hotel located in the heart of Oakham, the county town of Rutland. The Hotel is situated in a very prominent position on the main road running through the town.
The White Lion Hotel is a Grade II listed building built of brick under slate roof and dating back to early 19th century. The Hotel is set in a prominent trading position within the town, being a stones throw from the town centre and also the railway station. The property requires general modernisation and refurbishment and offers superb potential for various business opportunities, such as a small Boutique Hotel, Restaurant, a Bed & Breakfast, Public House or residential conversion, subject to obtaining the necessary planning and listed building consents.
Description - FOR SALE: FREEHOLD TOWN CENTRE HOTEL & PUBLIC HOUSE
An excellent opportunity has arisen to purchase The White Lion Hotel, a three storey character Hotel located in the heart of Oakham, the county town of Rutland. The Hotel is situated in a very prominent position on the main road running through the town. Oakham is approximately one mile from Rutland Water and the county town of Rutland, the UKs smallest county, commonly referred to as "Englands hidden gem."
The White Lion Hotel is a Grade II listed building built of brick under slate roof and dating back to early 19th century. The Hotel is set in a prominent trading position within the town, being a stone throw from the town centre and also the railway station.
The property requires general modernisation and refurbishment and offers superb potential for various business opportunities, such as a small Boutique Hotel, Restaurant, a Bed & Breakfast, Public House or residential conversion, subject to obtaining the necessary planning and listed building consents.
The accommodation on offer benefits from a gas fired central heating system and can be summarised as follows:
GROUND FLOOR: Entrance Lobby, Inner Hall, open plan Public Bar & Restaurant, Ladies and Gents Toilets, Rear Hall, Kitchen, Store Room and Beer Cellar;
FIRST FLOOR: four Guest Bedroom Suites each having an en-suite Bathroom;
SECOND FLOOR: In the past the second floor has been used by the Hotelier as a private apartment, however this floor could be converted to create further Guest letting Bedrooms if required. The second floor accommodation comprises Sitting Room, Master Bedroom with en-suite Bathroom, two further double Bedrooms, separate Family Bathroom.
OUTSIDE to the rear of the property there is a private car park which is held on a long lease. There is parking for nine vehicles (TBC) and access to this Car Park is via the Council-owned Westgate Car Park. Full details of this lease are available from the Sole Selling Agents or Vendor's Solicitors on request.
Ground Floor - Glass panelled door from Melton Road gives access to:
Entrance Lobby - 3.28m max x 1.85m max (10'9" max x 6'1" max) - The Entrance Lobby is accessed directly from Melton Road having a quarry tiled floor with matt well and radiator.
Gents' Toilets - 4.01m x 1.42m (13'2" x 4'8") - Fitted with low level WC, two urinals and hand basin.
Ladies' Toilets - 2.79m x 2.11m (9'2" x 6'11") - Fitted with two low level WC and hand basin.
Inner Hall - 1.19m x 1.75m (3'11" x 5'9") - An internal door provides access to the stairs leading to the first floor accommodation. A glass panelled door leads through to the Restaurant and Bar area.
The Restaurant & Bar - This room is divided into two areas and linked via stone steps.
The Restaurant Area - 8.53m x 5.11m (28'0" x 16'9") - Open fireplace with brick surround, dual aspect windows overlooking Melton Road, steps leading to the Bar Area.
The Bar Area - 6.25m max x 7.92m max (20'6" max x 26'0" max) - The bar area has a beamed ceiling and partially quarry tiled floor with two windows onto Melton Road. The Bar is constructed of brick with a timber serving top. An internal door leads to the Rear Hall.
Rear Hall - 2.69m x 1.55m (8'10" x 5'1") - External door to rear elevation giving access to the private car park. Internal door leading to stairs which provide access to the first floor accommodation.
Built-In Cupboard - Housing IDEAL MEXICO gas fired central heating boiler.
Kitchen - 5.59m max x 3.78m max (18'4" max x 12'5" max) - Two stainless steel sink units, wall mounted hand basin, radiator, quarry tiled floor, internal door to Bar Area and also to Beer Cellar.
Beer Cellar - 2.51m x 2.51m (8'3" x 8'3") - Belfast sink unit, concrete floor with central drain.
First Floor -
Landing Area - Two built-in linen cupboards.
Guest Bedroom One - 3.66m x 2.79m (12'0" x 9'2") - Radiator, window to rear elevation.
En-Suite Bathroom - 2.41m x 1.91m (7'11" x 6'3") - Coloured suite comprising bath with wall mounted shower above and tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Guest Bedroom Two - 4.24m x 3.00m (13'11" x 9'10") - Radiator, window overlooking Melton Road.
En-Suite Bathroom - 2.72m max x 2.64m max (8'11" max x 8'8" max) - Coloured suite comprising bath with wall mounted shower above and tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Guest Bedroom Three - 5.03m x 4.29m (16'6" x 14'1") - Radiator, dual aspect windows overlooking Melton Road.
En-Suite Bathroom - 2.01m x 3.25m (6'7" x 10'8") - Coloured suite comprising bath with wall mounted shower above and tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Guest Bedroom Four - 4.11m max x 4.60m (13'6" max x 15'1") - Radiator, window overlooking Melton Road, fire escape stairs from Guest Bedroom Three.
En-Suite Bathroom - 2.51m x 2.46m max (8'3" x 8'1" max) - Coloured suite comprising bath with wall mounted shower above and tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Second Floor Apartment - The second floor offers accommodation which briefly comprises Sitting Room, three double Bedrooms, one of them with en-suite Bathroom, and further Bathroom.
This accommodation can be used either as a hotelier's private apartment or could be converted to provide further guest bedroom accommodation.
Sitting Room - 4.85m x 4.32m (15'11" x 14'2") - Radiator, dual aspect windows overlooking Melton Road.
Bedroom One - 4.09m max x 4.24m max (13'5" max x 13'11" max) - Radiator, window overlooking Melton Road.
En-Suite Bathroom - 2.51m max x 2.39m max (8'3" max x 7'10" max) - Coloured suite comprising bath with wall mounted shower above and tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Bedroom Two - 3.63m x 4.42m max (11'11" x 14'6" max) - Fitted wardrobe, radiator, window to rear elevation.
Bedroom Three - 3.53m x 4.62m (11'7" x 15'2") - Fitted wardrobe, radiator, window overlooking Melton Road.
Family Bathroom - 1.65m x 1.57m (5'5" x 5'2") - Coloured suite comprising bath with tiled surround, low level WC and pedestal hand basin; radiator, Xpelair.
Car Park - There is a car park located at the rear of the Hotel which is held on a long lease . This car park area provides parking for nine vehicles (TBC) with access being from the Council-owned Westgate Car Park.
NB: Full details of this lease are available from the Selling Agent on request.
Oakham - Oakham is a lovely market town being the administrative centre for Rutland. It is popular with commuters and is within travelling distance of a number of other centres including Peterborough, Leicester, Nottingham, Melton Mowbray, Grantham, Stamford, Kettering and Corby. In addition, there is a British Rail station in the town and there are services to Leicester, Birmingham and Peterborough, where at the latter location there is a good train service to London, King's Cross.
Within the town there is a good range of shops which cater for most needs, together with a produce market each Wednesday and Saturday.
There is also a good range of other facilities including doctors, dentists, opticians, veterinary surgery etc. In the town there is a good range of Local Authority schools together with the private Oakham School which caters for children of most ages. Preparatory education on a private basis is available at Brooke Priory.
Sporting facilities in the area are many and varied and include cricket, golf, football, tennis, rugby football, bowls together with a number of leisure pursuits which can be enjoyed at Rutland Water which is just to the east of Oakham and these include sailing, windsurfing and fly fishing.
Services - None of the services, fittings, or appliances (if any) heating installations, plumbing or electrical systems, telephone or television points have been tested by the Selling Agents.
Rateable Value - Enquiries to Rutland County Council, Oakham 01572-722577
Independent Mortgage Advice - Murray, in conjunction with St. James's Place Wealth Management can offer free independent advice whether you buy through Murray Estate Agents or another agent. St. James's Place Wealth Management have access to over 13,000 mortgage products and are able to find the most competitive products from the whole market. Your home may be repossessed if you do not keep up repayments on your mortgage.
N.B. - Interested parties are advised to check with ourselves that these particulars have not been altered or amended in any way since they were issued.
Viewing - By appointment to be made through the Selling Agents please. If you are travelling a long distance please telephone prior to departure to ensure the property is still available and to discuss any particular points which are likely to affect your interest in this property in order that you do not make a wasted journey.
Office Opening Hours - Monday - Friday 9.00 - 5.30 Saturday 9.00 - 4.00 Sunday & Bank Holidays 10.00 - 2.00
Disclaimer - 1. The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract. No responsibility is assumed for the accuracy of individual items. Prospective purchasers and lessees ought to seek their own professional advice. 2. All descriptions, dimensions, area, reference to condition and necessary permission for use and occupation and their details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection, or otherwise as to the correctness of each of them. 3. No person in the employment of Messrs Murray has any authority to make or give any representations or warranty whatever in relation to this property or these particulars or enter into any contract relating to this property on behalf of the vendor. 4. No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. Where any reference is made to planning permission or potential uses, such information is given in good faith. 6. The information in these particulars is given without responsibility on the part of the agents or their clients. These particulars do not form any part of an offer of a contract and neither the agents nor their employees has any authority to make or give any representations or warranty in relation to this property. Money Laundering Regulations 2003 Anti-Money Laundering Regulations came into force in March 2004. These regulations affect estate agents, there will be requirement that Murray's confirm the identity of its seller and buyers.
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