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Forest Lodge Hotel, 2 & 4 Church Street, Edwinstowe, Nottinghamshire, NG21 9QA

£1,075,000

Business rates & charges may apply

Christie & Co, Nottingham
SECTOR
Hotel for sale

Key features

  • Village hotel, pub & restaurant
  • 12 letting bedrooms, restaurant (70), bar
  • Net turnover y/end 30 June 2019 £769,347
  • Planning for 7 additional letting rooms
  • Located in tourist hotspot
  • Spacious owner's accommodation. Energy Rating D
  • Christie & Co Ref: 5740650

Property description

Tenure: Freehold

Description

A well established and profitable business that is situated in a strong tourist catchment area. The Forest Lodge Hotel has been owned by our clients for 17 years and they now wish to pursue other business interests.

A predominantly two storey property of traditional brick construction with part painted, part rendered elevations beneath a primarily pitched tiled and part flat roofs.

Internally, the characterful property comprises bar and restaurant trading areas with original features including exposed beams, oak panelled walls and exposed brickwork.

There are 12 en-suite letting bedrooms which are finished to a high standard. Furthermore, there is planning permissions to create an additional 7 letting rooms.

Externally, there is a good sized car park along with two outside trading areas.

The business has a 4 Star AA rating, a Tripadvisor rating of 4.5 and has previously won CAMRA ‘Pub of the Year’, with Booking.com rating of 9, Hotels.com rating of 9, multiple awards won over the years.

Location

Forest Lodge Hotel is located in the centre of the north Nottinghamshire village of Edwinstowe. The property benefits from a strong tourist catchment area, with Sherwood Forest Visitor Centre, Sherwood Pines and Clumber Park all situated in close proximity.

Close to the hotel, there are 800 new houses being built on the former Thoresby Colliery site with the creation of a new country park.

Edwinstowe itself is located approximately 21 miles north of Nottingham, 24 miles south east of Sheffield and 25 miles west of Lincoln. The A1 is easily accessible via the nearby A614 Blyth Road.

Internal Details

Hotel reception
Public bar – with bar servery, exposed beams, wood panelling and feature fireplace
Lounge bar – with bar servery, loose tables and chairs
Barn Restaurant (70)
Commercial catering kitchen – with wash-up and preparation areas, walk-in fridge and freezer
Beer cellar and wine store
Stores
Ladies and gents WCs
Disabled WC
Staff bedroom

Fixtures & Fittings

We understand that the trade fixtures and fittings are owned outright and will be included within the sale.

Letting Accommodation

There are 12 well presented en-suite letting bedrooms situated at first floor level, which we understand to be comprised of the following:
2 small doubles
5 standard doubles
3 twins
2 family rooms

External Details

There are two outside trading areas; a patio seating terrace (20) and a covered area with bench seating and outside heaters (16). There is car parking for approximately 37 vehicles.

The site extends to approximately 0.42 acres.

Owner's Accommodation

Situated at first and second floor levels and comprising three bedrooms (one with en-suite facilities), kitchen, bathroom, living room, bathroom and an office.

The Opportunity

The Forest Lodge Hotel is a well-established and profitable businesses that benefits from occupying a strong catchment area within close proximity of a number of local tourist attractions.

The UK hospitality sector is going through a sustained period of growth and the staycation market is particularly strong. The opportunity, being situated in a tourism hotspot, is well positioned to benefit from these conditions.

The planning permission to add further letting bedrooms represents a clear opportunity to add value to this already successful business.

Trading Information

For the year ended 30th June 2019 the business produced a net turnover of £769,347 and an EBITDA in the excess of £150,000. For the disrupted trading year ended 30th June 2020 the business produced a net turnover of £536,615.

Further trading information will be made available to genuinely interested parties who have viewed the premises.

Development Potential

Planning permission exists to create a further seven letting bedrooms in the annexe of the hotel. Further information is available on request.

Energy Performance Certificates

EPC 1

Brochures

Forest Lodge Hotel, 2 & 4 Church Street, Edwinstowe, Nottinghamshire, NG21 9QA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shirebrook Station5.8 miles

About Christie & Co, Nottingham

Suite 402 Bridlesmith House 38 Bridlesmith Gate, Nottingham, NG1 2GQ

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Notes

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Disclaimer - Property reference 5740650-fh. 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 Christie & Co, Nottingham. 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.

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