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UNDER OFFER

Hermitage Park Hotel, Whitwick Road, Coalville, Leicestershire, LE67 3FA

Offers Over
£995,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • Profitable town centre hotel
  • 28 en suite letting bedrooms
  • Annualised sales c. £528k, EBITDA c. £157k
  • Bar, restaurant & conference facilities
  • Close to M1 and A42
  • Car park and seating terrace. Energy Rating D
  • Christie & Co Ref: 5740656

Description

Description

A characterful property of traditional brick construction under pitched slate roofs, with a steel frame conservatory connecting separate single storey and two storey buildings.

The hotel comprises 28 en-suite letting bedrooms, bar/restaurant and conference room.

Externally, there is car parking for approximately 40 vehicles along with a paved seating terrace with bench seating.

Location

Hermitage Park Hotel is located in the Leicestershire town of Coalville.

Coalville is located 12 miles north west of Leicester, 32 miles north east of Birmingham and 21 miles south west of Nottingham. The town benefits from strong transport links, with easy access to both Junction 22 of the M1 and Junction 13 of the A42.

The hotel is situated in a predominantly commercial area. We are advised a good amount of business is generated from the nearby Stevenson College.

Internal Details

The property briefly comprises:
• Reception with office
• Lamp House conference room
• Bar/restaurant (100)
• Conference/breakfast room with carvery servery (25)
• Commercial kitchen
• Ladies and gents WCs
• Offices
• Stores

Fixtures & Fittings

Fixtures and fittings are included with the exception of any items that are personal to our client.

Letting Accommodation

There are 28 en suite letting bedrooms, which we understand to be comprised of the following:
23 doubles
5 twins

External Details

There is car parking for approximately 40 vehicles to the front of the premises, along with an enclosed paved seating terrace.

The Opportunity

Hermitage Park Hotel is a well-established business that benefits from primarily corporate trade during the week and leisure at the weekend. The hotel is run under management and our client visits the site just once per week.

Our client intends to retire from the trade and new, focussed owners will have the opportunity to further develop the business.

The opportunity exists for new hands-on owner operators to further develop the business.

The hotel can host weddings and other private events with a maximum capacity of 120 people.

Trading Information

Management accounts for the year ending 30th June 2024 show revenue of £528,080 and EBITDA of £157,186.

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

Business Rates

Confirmation of business rates payable should be obtained from the local authority

Regulatory

Premises licence.

Energy Performance Certificates

EPC 1

Brochures

Hermitage Park Hotel, Whitwick Road, Coalville, Leicestershire, LE67 3FA

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Loughborough Station8.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5740656-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, Hotels. 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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