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Stanhill Court Hotel, Stan Hill Charlwood Horley, Surrey, RH6 0EP

Guide Price
£6,750,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Close to Gatwick Airport & M23
  • 59 ensuite refurbished guest bedrooms
  • Extensive conference & banqueting (260)
  • Recently refurbished throughout
  • 35 acres - Landscaped gardens with woodland
  • EPC: C - 150 car parking spaces
  • Christie & Co Ref: 8846274

Description

Description

Stanhill Court Hotel is an elegant, detached, country house hotel built in 1881. The hotel comprises a former substantial manor house that was built in a Scottish baronial style for William Young as a private residence. The hotel has been sympathetically and seamlessly extended by the current owners to provide a blend of contemporary and period features. The accommodation is extremely well presented throughout, providing spacious public areas and extensive conference and banqueting facilities.

The original property offers a wealth of period architectural features including ornate ceiling mouldings, wood panelling, fireplaces, vaulted ceilings and ornate stained glass windows. The property is of brick construction with brick elevations under a tiled roof. The trading areas extend over the ground and first floor levels.

Location

Stanhill Court Hotel is located on the southeastern edge of Surrey, close to Horley and Gatwick Airport off the M23 (J9). This area is easily accessible via the M25 (J7/8) with direct mainline rail connections into London from both Gatwick and Horley. Gatwick Airport is the second largest airport in the UK after Heathrow with approximately 34 million passengers transiting through, providing an opportunity for the hotel to capitalise on this business opportunity, including park and fly breaks, as well as the corporate and leisure businesses that surround Crawley.

Internal Details

• Entrance vestibule leads to an impressive open-plan reception area with an administration office and an ornate staircase to the upper floors
• Reception lounge with vaulted ceiling, galleried landing and impressive open fireplace
• The Lloyds Room offers a function/meeting room with a capacity of 12 boardroom or 20 theatre/banqueting style. Morning room restaurant has capacity for 34 diners or alternatively 25 boardroom style or 65 theatre
• New Swedish Lodge Bar
• The Orangery suite can accommodate 60 boardroom style, 180 theatre style, or 140 seated for a banquet event. The suite features a lovely bright room with glazed exterior walls and ceilings, underfloor heating, air conditioning and an adjoining bar. Ladies and gentlemen's cloakrooms
• The Charlwood suite can be sub-divided to create four individual rooms, each having a capacity of 20 boardroom, up to 50-60 theatre, or a maximum capacity of 260 banqueting style. This suite is air conditioned. Ladies and gentlemen’s cloakrooms

Other Floors

• Commercial catering kitchen, well equipped to service the extensive function facilities and conveniently located to all the main public rooms
• Reception and administration office areas
• Boiler room and basement cellar
• Linen stores and general stores
• Second floor extensive storage areas

Fixtures & Fittings

The hotel is being offered for sale as a furnished and equipped trading business, therefore all trade fixtures and fittings will be included in the sale price. An inventory will be provided if required.

The Business

The hotel is well established serving the local business community, particularly Gatwick Airport, and is regarded as the go-to wedding venue locally. The hotel provides conference and event accommodation with potential to grow revenue through the development of spa facilities and/or more rooms (subject to planning). The hotel has an excellent reputation, catering for weddings, conferences, and private functions throughout the year.

The business is currently operated by the owners with a structured management team. The hotel trades with an even split of revenue between accommodation, food and beverage, and functions. The business trades from its website:

The hotel currently trades under the soft brand, ‘Radisson Individual’, but the hotel is available with the existing branding in situ or alternatively, free and clear providing the potential for re-branding or re-positioning.

Letting Accommodation

There are 59 double ensuite bedrooms including four-poster beds plus a twin assisted room. All the letting bedrooms are tastefully appointed and have a flat screen TV, telephone, trouser press, desk, hairdryer, and hospitality tray. WiFi is also available throughout the accommodation.

External Details

Stanhill Court is set within grounds extending to about 35 acres including well-tended gardens with woodlands and views over the South Downs, providing an idyllic setting for guests even with its close proximity to Gatwick Airport.

There are well kept formal gardens around the property adding to the appeal of Stanhill Court as a popular wedding venue. There are extensive parking areas for approximately 150 cars, with the potential for additional spaces. A one acre amphitheatre is situated within the grounds, providing accommodation for wedding ceremonies, adjoining a walled garden and former potting shed which previously had planning consent for conversion into six staff bedrooms.

Owner's Accommodation

Staff accommodation block providing 10 bedrooms.

Trading Information

We have been provided with management accounts for the 12-month period ending 31 January 2024 showing net turnover of £2,249,617.

Further financial information is provided in the Virtual Data Room.

Development Potential

There are a number of value enhancement opportunities available to further enhance the business. We set out below various value enhancement opportunities currently under consideration by the owners and the management team as follows:

Initiative 1 - Conservatory
The owners have identified an enhanced private dining concept to offer bespoke dining for additional covers by creating a special private dining experience for guests by enlarging and extending the Orangery.

Initiative 2 - Luxury spa and additional bedrooms
The site includes some additional land behind the hotel, adjacent to the walled garden, to potentially add a luxury spa to the hotel. The detailed drawings and documents are included in the virtual data room.

Initiative 3 - Additional holiday eco lodges
In addition to the spa, there is potential to add holiday eco lodges to the site. Detailed drawings and additional documents are included in the virtual data room.

Initiative 4 - PV Array
There is an opportunity to install a solar farm (PV Array) within the grounds to implement renewable electrical generation to provide approximately 92% of the hotel's required electricity consumption. This would be in addition to the existing PV Array situated on the roof.

Initiative 5 - Weddings & Events
Weddings and events represent a significant area of growth for the hotel, given the Southeast is a popular location for UK weddings. The hotel has achieved its current bookings with little advertising in the wedding industry, therefore given the desirable location and 'exclusive hire' option available, Stanhill Court is well placed to capitalise on the interest in this sub-segment.

Statutory consents will be required in respect to the above initiatives were they to be implemented.

Tenure

Long leasehold.

The property is being sold with the benefit of the long leasehold interest for a term of 175 years from 13th April 2018 at a current rent payable of £102,063 per annum with 5 yearly rent reviews. Lease term expires April 2193 providing an unexpired term of 169 years as at September 2024.

The next rent review is April 2028. Any future increase is based on RPI and is capped at a maximum of 5% per annum.

Business Rates

Rateable Value: 1st April 2023 £71,500

Regulatory

Premises Licence. We understand the property is connected to mains electricity and water and has a private drainage system. The property is heated via an LPG central heating system together with, in some areas, underfloor heating and air conditioning.

Energy Performance Certificates

EPC 1

Brochures

Stanhill Court Hotel, Stan Hill Charlwood Horley, Surrey, RH6 0EP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Horley Station3.1 miles
  • Gatwick Airport Station3.1 miles
  • Ifield Station3.3 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

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Notes

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Disclaimer - Property reference 8846274-lh. 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 Christie & Co, Hotels. 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.

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