Hotel for sale

Five Rise Locks Hotel, Beck Lane, Bingley, BD16 4DD

Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • Well established and reputable Hotel
  • Located in the sought after town of Bingley
  • 9 en suite bedrooms
  • 50 cover restaurant, open to non residents
  • 2015 turnover in excess of 186,000
  • 3/4 bed owner's accommodation. Energy Rating C

Full description

Tenure: Freehold

Description

A former mill owners house which now operates as a well presented, family run hotel. The Hotel was originally built in 1875 and has been extended over the years, including a large conservatory which houses part of the restaurant and bar areas.

The Restaurant has gained an AA Rosette for excellent cuisine and the hotel has been awarded an extra star for accommodation, making it a three star small hotel.

The hotel was awarded a TripAdvisor Certificate of Excellence in 2016.

Location

Bingley is a highly desirable market town situated five miles north of Bradford, six miles from Haworth and 15 miles north west of Leeds. The hotel is located in a residential area, only a few minutes drive from the main A650, which leads to the M62.

The hotel is close to some of Yorkshires most desirable attractions, including the Saltaire World Heritage site, the Alhambra Theatre, Bolton Abbey and is a base for touring Bronte Country. Leeds Bradford airport is only 10 miles away.

Internal Details

The hotel is in good internal condition, with all the rooms undergoing an annual refurbishment.

A new heating system costing £35,000 was installed in 2012. The hotel was rewired in 2008, and the living accommodation in 2012. The hotel wiring was updated in 2014 and is certified until October 2019, and the fire alarm system was overhauled in 2016.

Ground Floor

A large, traditional hallway leads to the reception and owner's accommodation.

An open plan restaurant area and bar lead to the kitchen and two of the letting bedrooms.

The restaurant is well presented having been reconfigured in 2010 from two smaller eating areas into one larger, open plan space. It is also open to non hotel guests, further boosting trade.

Fixtures & Fittings

All fixtures and fittings are included in the sale.

Letting Accommodation

A double and a twin bedroom are located on the ground floor and on the first floor are a further seven bedrooms, comprising four doubles, one twin, one single and a four poster luxury room. All rooms have en suite facilities and are equipped with TV's, WiFi and tea/coffee making facilities.

External Details

The hotel has very well presented gardens with views across Bingley. There is also car parking for 10-15 cars.

Owner's Accommodation

Spacious owner's accommodation comprises: Living room, kitchen, 3/4 bedrooms and two bathrooms.

The Opportunity

This is a rare opportunity to acquire a popular West Yorkshire hotel located in the affluent town of Bingley. The hotel has views over the Aire Valley and is located a short walk from the pleasant Five Rise Locks, which is popular with tourists.

There is excellent potential for a new owner to build upon an already successful trading business with good reputation in the local and surrounding areas.

The current owners have explored the option of obtaining a wedding licence which could further boost trade. The hotel would also be an ideal venue for pre and post wedding events by utilising the surrounding grounds. The owners are selling in order to retire.

Staff

The owners currently run the hotel assisted by a chef, waitresses, and part time cleaners

Trading Information

Turnover for 2015 was in excess of £186,000.

Business Rates

The current rateable value for 2017 is £14,250. Interested parties should make their own enquiries regarding rates payable.


More information from this agent

Nearest stations

  • Crossflatts (0.5 mi)
  • Bingley (0.5 mi)
  • Saltaire (2.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Crossflatts (0.5 mi)
  • Bingley (0.5 mi)
  • Saltaire (2.1 mi)
Distances are straight line measurements from centre of postcode

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