34 bedroom hotel for sale

The Christopher Hotel, Restaurant and Bar

Offers in Region of £875,000

Property Description

Commercial information

  • Business for sale

Key features

  • Character property in the heart of historic Eton
  • 34 well-appointed en suite bedrooms
  • Christopher's Bar and Grill with seating for around 50
  • The Windsor Suite, boardroom style conference room for up to 12 delegates
  • Strong KPIs and profitable business
  • Net turnover year ended March 2018: 930k

Full description

Tenure: Leasehold

INTRODUCTION

The original parts of this former coaching inn date back to around 1800. Located in the heart of historic Eton, the Christopher Hotel has an interesting history. When first built, the balcony rooms of the current building were used as a magistrate's court whilst in the 1960's and 1970's the first floor was used as a music venue for unsigned bands; reputedly hosting Mike Jagger before the formation of The Rolling Stones.

Since acquiring the lease in 2007, our client has maintained the property to a high standard; including an extensive refurbishment in recent years.

The hotel is achieving a strong KPIs contributing to a net annual turnover for the year ended March 2018 of approximately 930k. It is the agent's view that clear potential exists to grow this already successful business further. For example, increasing F&B revenues to a level commensurate with such a strong trading location.

The hotel is offered for sale as our client wishes to focus on other non-competing business interests.

LOCATION

The Christopher Hotel is located in the centre of, Eton; a Royal County of Berkshire town and home to the world famous Eton college (Est. 1440 by King Henry VI) whose alumni include Princes William and Harry and no less than 20 previous prime ministers.

The name Eton is thought to derive from Eyot-tun meaning 'the settlement on the island'; thought to be a reference to the way the River Thames divided in earlier times. Today, Eton is a picturesque town with a fine array of independent shops, galleries and eateries and an ideal base for those visiting the area. On the opposite bank of the river and connected by a footbridge is Royal Windsor; its 900-year-old Castle, site of the Royal Wedding of Prince Harry and Meghan Markle and official residence of the Queen is only a mile from the Christopher Hotel. Other, notable attractions in the surrounding area include Legoland Windsor Resort (4 miles), Savills Gardens (8), Windsor Great Pak (8)and Ascot Racecourse (9).

The region is home to multiple major events including the Royal Windsor Horseshow, Windsor Dog Show, Polo at Smiths Lawn, golf at Wentworth (home of the European Tour's PGA Championship), rugby Internationals at Twickenham Stadium (just 30 minutes by fastest direct train) and horse racing at Windsor and Royal Ascot. Savill Gardens and Windsor Great Park are also amongst the area's leading tourist destinations..

In addition to leisure orientated clientele, the hotel is well placed to capitalise on the area's great transport links and proximity to London. The hotel is popular base with corporate guests; in particular, those connected with Slough Trading Estate which is only 1 mile from the hotel and believed to be one of the largest trading estates in Europe.

Junction 6 of the M4 is around 3 miles drive to the north, and Junction 2 (M3) about 10 miles south. Heathrow International Airport is around 8 miles to the east from which the Christopher Hotel also draws international guests. Fastest train journey time from Windsor & Eton Central to London Paddington is 26 minutes.

Conurbations of note in the surrounding area include Slough (2 miles), Maidenhead (8), Bracknell (13) and Reading (21) to name but a few.

THE PROPERTY AND EXTERNAL AREAS

The original Christopher Hotel was constructed in the early 1700s as a coaching inn with stabling to the rear.

The main building (fronting the High Street) is Grade II listed and has been extended over the years. It is arranged over basement to second floor and incorporates 17 of the bedrooms, public and ancillary areas.

The former stable block (not Listed) has been converted to 17 bedrooms.

A vehicular entrance leads from the High Street to the rear of the property and the carpark with around 18 spaces.

A decked patio with seating for around 20 is also located to the rear.

PUBLIC AREAS

Christopher's Bar and Grill (located either side of the entrance and overlooking the High Street) is generally arranged to a combined 50 covers though could accommodate more. It offers all day dining in a relaxed informal atmosphere and is occasionally used on an exclusive hire basis.

The Windsor Suite (located in the converted stable block) is a boardroom style conference room
for up to 12 delegates.

Ladies and Gents WCs.

GUEST BEDROOMS

In total, the hotel features 34 well-appointed en suite bedrooms; 17 being located to the converted stable block and 17 to the main building. The bedrooms (several of which have air conditioning) are categorised as follows:

Double and Twin: 17
Single: 9
Superior: 4
Junior Suite: 4

All of the bedrooms feature high speed Wi-Fi, cable TV, hairdryer, trouser press, ironing board, tea/ coffee making facilities, laptop safes and desk area. The en suites are equipped with power showers and complimentary luxury toiletries.

Several of the bedrooms are suitable for families and have either a sofa bed or space for extra beds; the hotel promoting itself as a family friendly hotel.

ANCILLARY AREAS

Well-equipped commercial kitchen with adjacent store area located to the ground floor.
Part of the basement cellar within the main building has been converted to provide office accommodation with air conditioned communication room off.

There are two boiler rooms to the rear serving different parts of the building, together with a further boiler on the roof of the main building servicing the 11 rooms in that part of the hotel. There are also 3 megaflows in the main house.

To the far end of the courtyard there is a housekeeping store. There is also a small maintenance workshop adjacent to the northern boundary wall. To the far end of the site, adjacent to the housekeeping store, is a wooden storage shed and enclosed bin store. There are various linen stores throughout the property.

UTILITIES

The property is connected to all mains services

LICENCES

We understand that licences held at the property include Premises Licence.

WEBSITE
http://www.thechristopher.co.uk/

TENURE

The property is held on a leasehold and effectively FRI basis for remaining term of 41 years.

The passing rent for the year ended March 2018 was 199,975.

Further details of the rent review terms and a full copy of the lease documentation is available upon request to Colliers International.

The Christopher Hotel is an established and successful 3-star hotel. At time of writing, 70% of TripAdvisor reviews rank the hotel as good or excellent.

The hotel is a popular base for a diverse range of corporate and leisure clientele contributing to impressive KPIs.

The current business mix is approximately 76% accommodation , 23% food & beverage and 1% other.

It is the agent's view that clear potential exists to grow this already successful business further. For example, increasing F&B revenues to a level commensurate with such a strong trading location.

GUIDE PRICE AND METHOD OF SALE

Offers in the region of 875,000 are sought for the leasehold interest in the property and business.

Stock in trade to be sold at valuation.

The sale will be conducted on an asset basis.

ENERGY PERFORMANCE CERTIFICATE

The main building is Grade II listed and therefore exempt from EPC
legislation.

Converted stable block: C


Listing History

Added on Rightmove:
19 June 2018

Nearest stations

  • Windsor & Eton Riverside (0.3 mi)
  • Windsor & Eton Central (0.4 mi)
  • Datchet (1.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Colliers International (Hotels), London

50 GEORGE STREET, London, W1U 7GA

020 8012 3670 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

  • Windsor & Eton Riverside (0.3 mi)
  • Windsor & Eton Central (0.4 mi)
  • Datchet (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), London

50 GEORGE STREET, London, W1U 7GA

020 8012 3670 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.

Disclaimer - Property reference 307686. 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 Colliers International (Hotels), London. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.