Hotel for sale

Grassington Lodge, 8 Wood Lane, Grassington, Skipton, United Kingdom, BD23 5LU

£995,000

Property Description

Commercial information

  • Business for sale

Key features

  • Award winning contemporary guest house
  • 12 very well appointed guest bedrooms
  • T/O Y/E 2016 c. 185k with ANP of c. 95k
  • Further opportunity to increase turnover
  • Lounge, 2 dining rooms & outside terrace
  • Car parking for 10 with secure bike lock up. Energy Rating D

Full description

Tenure: Freehold

Description

Grassington Lodge is an imposing, three storey, stone built property, set back from the main road and approached via a gravel driveway. The main guest house has 10 double bedrooms and is owned freehold by the sellers.

There are two further, 'Vendale Rooms' in a separate building across the car park which are held on a leasehold basis.

This substantial, character building is set within its own grounds and benefits from a terrace to the front with excellent views.

Location

The guest house is situated on the edge of the picturesque market town of Grassington, a popular tourist destination located within the Yorkshire Dales National Park which has a diverse range of shops, restaurants and pubs.

The town is approached via the B6265 which provides access to the Nidderdale Area of Outstanding Beauty in the east, and Skipton to the south. The affluent market town of Harrogate lies c. 24 miles to the south east.

Internal Details

A welcoming entrance provides access to a guest lounge. On the same corridor is the dining room, providing table and chair seating for 18 guests.

There is further guest lounge/sitting room offering an additional quiet area for a further six guests at the rear of the property, as well as a double bedroom and separate bathroom, currently occupied by staff. There is a single staff room on the first floor and a fully equipped kitchen/laundry room is located at basement level.

Fixtures & Fittings

All fixtures and fittings are to be included, however, any items that are owned by any third parties, or personal to our client will be exempt.

Lease option

Our clients would consider creating a new lease to a suitable tenant, on terms and at a rent to be agreed.

Letting Accommodation

There are 12 letting rooms in total, all of which are of a very high standard. There are 10 bedrooms in the main building, including one suite and four premium quality bedrooms. There are two well appointed 'Vendale Rooms' located within a separate building.

External Details

To the front of the property is a garden area with patio and seating for guests. To the right hand side of the main house is a gravel car park. Beyond the car park and in front of the Vendale Rooms annex is a further patio area.

Owner's Accommodation

Owner's accommodation at present is by way of one double bedroom and one bathroom. This is due to the owners residing elsewhere and there is scope to reconfigure the Lodge layout and provide more extensive accommodation.

The Opportunity

Grassington Lodge has been operating at a high standard since the current owners took over in 2004. The property has been extended and continuously improved and upgraded, including recently installed new windows throughout. The Lodge is a well-respected business and has for some time held the No. 1 position in the area on Trip Advisor and is highly ranked on Booking.com.

The business presents an opportunity for a purchaser looking for a change of lifestyle whilst making a healthy profit and solid return on investment.

There may be scope to convert Grassington Lodge in to a fine-dining establishment with rooms, making use of the main dining room as a restaurant.

Trading Information

Turnover for year ended March 2016 was £184,139, with a Gross profit of £159,657 (87%), and an Adjusted Net Profit of c. £95,000, presenting a 9.5% Return on Capital Invested.

Accounts can be provided to seriously interested parties upon application.


More information from this agent

Nearest station

  • Gargrave (7.8 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest station

  • Gargrave (7.8 mi)
Distances are straight line measurements from centre of postcode

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