6 bedroom hotel for sale

THE RIVERSIDE INN, COUND

£1,600,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: C1 Hotels

Full description

Tenure: Freehold

INTRODUCTION

Given It's beautiful setting, unsurprisingly The Riverside Inn is one of Shropshire's most popular destination Inns. Situated adjacent to a bend of the River Severn, the property affords magnificent views of not only the river but also the surrounding countryside. The public areas have considerable character and include a delightful 100 cover dining room and conservatory together with a separate breakfast room for 10 and a charming lounge bar. Outside the grounds are equally appealing, with a popular riverside terrace seating 100 and extensive lawns framed by mature trees and shrubs. The setting is only half the story as the riverside has established a fine reputation for the quality of both the fresh local produce and the large selection of quality wines and real ales on offer.

LOCATION

The current owners have operated The Riverside Inn since 2003. During their enjoyable time at the helm they have spent considerable time and monies developing and establishing not only the fabric of the building but also a highly successful business. The owners have now taken the decision to retire from the business.

Their decision to sell gives potential purchasers a wonderful opportunity to develop the business further and fully exploit the Inn's undoubted potential.

The Riverside Inn is located is located in the hamlet of Cound between the villages of Crosshouses and Cressage, while just 7 miles to the north west is the popular and affluent county town of Shrewsbury. The Inn has an excellent roadside presence on the main A458 ensuring that the Inn is both easy to get to and can be seen by passing trade.

THE PROPERTY

The Riverside Inn is a substantial Grade 2 listed period property with accommodation on ground and two upper floors. Originally built as a rectory dating back to 1750 the property is of traditional brick construction beneath pitched tiled roofs.

PUBLIC AREAS

Entrance doors from the front car park leads through to the entrance vestibule and public areas beyond. At the front of the building is the large characterful lounge bar with freestanding seating and tables. Beyond the bar is a separate area principally used as a breakfast room with space for 10-12 covers. To the rear of the property is the magnificent dining room and conservatory with freestanding tables and chairs to accommodate up to 100 diners. The dining room has magnificent views overlooking the River Severn and the countryside beyond.

LETTING BEDROOMS

On the first and second floors are 6 spacious letting bedrooms (5 double; 1 twin). All of the letting bedrooms have ensuite facilities. In addition to the letting bedrooms there is a one bedroom managers flat with a separate ensuite staff bedroom which can be used for additional public accommodation.

ANCILLARY AREAS

On the ground floor is a spacious commercial kitchen with a comprehensive range of stainless steel equipment, work surfaces and storage. Separate preparation areas; walk in fridge; pudding room and dry store. The Inn also has a large cellar incorporating beer cellar, spirit store and a number of other storage rooms.

OUTSIDE

The Riverside Inn occupies a site of circa 3.5 acres (not measured). To the front is a huge car park together with extensive lawns which can accommodate overflow parking. To the rear of the Inn is a magnificent terraced trade garden with wooden seating to accommodate circa 100, the terraced garden has unrivalled views across the River Severn and is a real draw for customers. To the side of the property is a further area of garden which would be perfect for marquee wedding and events etc.

PLANNING PERMISSIONS

We understand that Planning Permission exists for an additional 10 letting bedrooms in an old stable block to the left hand side of the main property. Further information is available upon request.

SERVICES

Mains electricity and water. Drainage to septic tank. LPG gas.

TRADE

Financial information supplied by the owners for the year ending 30th June 2017 shows a turnover of 650,465 net of VAT.

Further information will be supplied to bonofide prospective purchasers following a formal viewing of the premises. We should point out that the Riverside Inn is run very much to suit the lifestyle of the existing owners and out of choice they do not fully exploit the Inn's full potential and "hands on operators or pub chain" will undoubtedly have the opportunity of easily exceeding the current levels of trade.

PRICE

1.6m for the freehold property together with trade fixtures and fittings (subject to inventory). Stock additionally at valuation.

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 lender or broker involved.

TO VIEW

All appointments to view must be made through the vendor's agents who are acting with sole selling rights.

DIRECTIONS

The Riverside Inn is prominently located at Cound on the main A458 that links Shrewsbury, seven miles to the North West, and Bridgenorth.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Wellington (6.5 mi)
  • Shrewsbury (6.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Birmingham

12th Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP

0121 396 0119 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 stations

  • Wellington (6.5 mi)
  • Shrewsbury (6.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Birmingham

12th Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP

0121 396 0119 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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