Hotel for sale

The King's Head Hotel, 8 High Street, Ross-on-Wye, Herefordshire, HR9 5HL

Fixed Price £1,150,000

Property Description

Commercial information

  • Business for sale

Key features

  • Historic market town hotel
  • 15 en suite letting bedrooms
  • Kings bar (35), restaurant (46), library (22)
  • Annual net sales - Y/E 31/12/2018 807,225
  • One bedroom owners/managers accommodation
  • EPC Exempt

Full description

Tenure: Freehold

Description

A three storey property of stone and brick construction with rendered elevations under a pitched slate roof. An archway at the side provides vehicular access to the rear car park and large garage.

Constructed in the 14th Century as a Coaching Inn, The Kings Head Hotel provides ample public and ancillary areas with the restaurant, bar & library arranged over the ground floor and the letting accommodation arranged over the first and second floors. Externally there is an enclosed patio garden, car park and a large outbuilding/garage.

Location

The King's Head Hotel is situated in the centre of Ross-on-Wye, a thriving market town in a central position between the Wye Valley, the Forest of Dean, the Malvern Hills, the Brecon Beacons and the Cotswolds.

Ross-on-Wye is less than one mile to the main A40, a major cross country route linking the Midlands via the M5 & M50 to South Wales and the M4. Junction 4 of the M50 motorway is within approximately three miles.

Internal Details

Main entrance hall with front and rear access with reception/manager's office.

King's Bar (35) full of character to include beamed ceilings, fireplace and bar/servery. Adjoining restaurant to the rear with bar/servery and can accommodate up to 46 covers. A Library room that can be used as an additional restaurant or meeting/facility room and can accommodate 22 guests.

Ancillary areas include a commercial catering kitchen with range of gas and electric catering equipment. Wash up area, preparation room, dry stores and beer cellar.

Fixtures & Fittings

All Trade Fixtures & Fittings will be included in the sale and our client will provide a trade inventory to interested parties.

Letting Accommodation

There are 16 en suite letting bedrooms in total although one of the suites is currently used by a Duty Manager so all letting income is derived from 15 bedrooms, which are arranged as follows;

11 double bedrooms, two family bedrooms, one family suite and one four posted room.

External Details

To the rear of the property is a trade patio garden accessed from the rear of the restaurant or reception hall, furnished with tables, chairs and umbrellas during the summer months.

Car park (12) to the rear of the hotel with pedestrian access to adjacent public town car park which is free after 6.00pm. Additionally there is a large outbuilding/garage (formerly a mechanics workshop) which adjoins the property and provides parking for a further eight vehicles.

Owner's Accommodation

A self contained one-bedroom owners/managers apartment briefly comprising; double bedroom, mezzanine kitchen & lounge and bathroom. The Duty Manager currently resides in this apartment as our client lives off site.

The Opportunity

Our client purchased The Kings Head Hotel in July 2005 and over the years has developed the business into a thriving hotel, bar & restaurant. It attracts a wide custom base to include the private leisure market and weekday commercial custom with a high percentage of repeat business. It has been awarded many accolades to include Trip Advisor's Certificate of Excellence for both Hotel and Restaurant for the past six years.

For further information regarding this opportunity please visit the business website www.kingshead.co.uk

Staff

The business operates with one hands-on owner with the support of a full time team assisted by a pool of part time staff. Further details will be provided following a formal viewing.

Trading Information

Management accounts for the Year Ended 31 December 2018 show net sales of £807,225 with an adjusted net profit of £128,615. Further accounting information will be provided to interested parties following a formal viewing.

Planning Permissions

Our client had obtained planning permission to convert an existing outbuilding/garage to nine residential apartments. Planning numbers P131207/L and P131206/F although we understand this expired in April 2017.


More information from this agent

Nearest station

  • Ledbury (11.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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 station

  • Ledbury (11.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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.

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