15 bedroom hotel for sale

LONDON

£3,500,000

Property Description

Full description

Tenure: Freehold

REF: 8161 FREEHOLD

HIGHLY IMPRESSIVE AND SUBSTANTIAL 19th CENTURY FREEHOLD HOTEL WITH 14 EN-SUITE LETTING BEDROOMS SITUATED IN THE AFFLUENT AND HIGHLY SOUGHT AFTER LONDON DISTRICT OF HAMMERSMITH




Imposing and substantial Freehold Hotel situated in the prime London district location of Hammersmith.

14 impressive en-suite Letting Bedrooms situated over 6 floors, all having Wi-Fi internet connection, digital TV's and Tea/Coffee making facilities.

Hotel Reception and Office.

Residents Breakfast Room (circa 20 covers) and Kitchen.

1 bedroomed owner's accommodation with Lounge and Shower-room.

Enclosed Courtyard Garden with Laundry Room and Store Room. Paved Terrace at the front.

Advised current turnover circa £300,000+ (incl. VAT).

AVAILABLE FOR THE 1st TIME IN 37 YEARS.


AN INCREDIBLY RARE OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED AND PROFITABLE BUSINESS OFFERING TREMENDOUS GROWTH POTENTIAL


LOCATION

This outstanding business is situated in the highly desirable London district of Hammersmith and can be easily reached from junction 1 of the M4 motorway.

Situated very close to city of London and Heathrow Airport with easy access to the M40, M3, M4, M1 and M25 makes this highly desirable location an extremely popular commuter area for the major motorways and the major international airports of Heathrow and Gatwick.

This superb hotel is ideally situated to draw trade from Kensington, Shepherds Bush, Notting Hill, Chelsea, Earls Court and Knightsbridge.

The nearest underground station (approx. 5 min. walk) is Hammersmith which is served by the Piccadilly, District and Hammersmith and the City lines and is also only circa 15 minutes away from Piccadilly and within easy reach to other tourist attractions.

Hammersmith is not located in the Congestion Zone.

An enviable place to reside and a compelling trade opportunity.


THE PROPERTY

This delightful and substantial property occupies an excellent and strategically well positioned and extremely busy trading location.

Main entrance leading at the front leading into the Reception Hallway.

Reception Hallway with Reception Office with access to the hotel rooms, breakfast room/kitchen and the owner's accommodation.

Breakfast Room (circa 20 covers) situated on the lower ground floor and being furnished with loose tables and chairs. Access to the Kitchen.

Catering facilities, situated on the lower ground floor includes an equipped Kitchen fitted with wall mounted cupboards, base cupboards, work surfaces and domestic appliances (appliances not tested). Access to the rear Courtyard.


LETTING ACCOMMODATION

Situated over 6 floors; offering good sized rooms presented in good decorative order and briefly comprises: 14 bedrooms - all with en-suite facilities, T.V and tea/coffee making facilities.


OWNER'S ACCOMMODATION

Situated on the ground floor, presented in good decorative order and briefly comprises: 1 bedroom, lounge and shower-room.


EXTERNAL

There is an enclosed Courtyard at the rear having a Laundry Room and a Store Room.
There is also a paved Terrace at the front.


TRADING

We are advised that the current Reception hours are as follows:
Monday - Sunday - 8.00am - 11.00pm


GENERAL REMARKS

The property and business are being offered for sale freehold (although we have not had sight of the title deeds).

We are advised that the hotel benefits from all mains services (services not tested).

Business rates payable are advised as being £9,500 per annum.


THE BUSINESS

Our vendor clients operate this successful and profitable business as a 'husband and wife' team on a part time basis with the assistance of 1 full time and 3 part time members of staff.
Trade is currently derived from 100% accommodation sales with overall occupancy rates of circa 85%. Whilst emulating the current business model; there is still immense potential for a new full time hands-on owner operator partnership with previous experience of running a catering/lettings orientated operation enabling them to take this business to the next level by exploiting the catering potential that is to be found here. There are many additional areas of potential to increase sales and profitability by implementing a strategic marketing campaign and also focussing on online booking agents to further promote the superb letting accommodation.

Advised current turnover is circa £300,000 (incl. VAT). This truly is an incredible opportunity for either an owner operator to continue to build the business or for a commercial investor to enhance their existing portfolio. This delightful hotel is an extremely well-established and successful business and in our opinion with the above areas of potential we would quite easily expect a fully focussed and fully committed operator to achieve a turnover well in excess of £400,000 (incl. VAT) per annum.


The asking price reflects the current trading foundation, the location and quality of fixtures and fitting, and of course not forgetting that this is an extremely substantial freehold property.
Accounting information will be made available to interested parties after viewing.

The property was viewed by Martin McConnell who would be delighted to discuss further details.

Viewing appointments must be made via Guy Simmonds.

Details Prepared: November 2018

VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.

FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.

Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.


Energy Performance Certificates (EPCs)

Nearest stations

  • Goldhawk Road (0.3 mi)
  • Hammersmith (Hammersmith & City) (0.4 mi)
  • Hammersmith (District & Piccadilly) (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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

  • Goldhawk Road (0.3 mi)
  • Hammersmith (Hammersmith & City) (0.4 mi)
  • Hammersmith (District & Piccadilly) (0.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Guy Simmonds Business Transfers Limited , National Licensed Property

Coppice Farm, Ashby Road Melbourne, DE73 8BJ

01332 448136 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 8161. 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 Guy Simmonds Business Transfers Limited , National Licensed Property. 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.