The Mour Hotel, Lake View Drive Annesley, Nottingham, NG15 0EA
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- SIZE
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- SECTOR
Hotel for sale
Key features
- 92 bed boutique style hotel
- EBITDA c. £800,000, independent of branding
- 969 years remaining on lease
- Run on a hands off basis
- Multi function site, near J27 of M1
- Function room & large car park. Energy Rating A
- Christie & Co Ref: 5740697
Description
The Mour Hotel is a purpose built, four-star, 92 key boutique style hotel which ideally positioned and produces a strong financial performance through its broad offering of rooms, designer bar and restaurant, and function rooms.
The Hotel is currently run as an independent hotel on a ‘hands off’ basis. Potential branding option for an incoming purchaser would arguably further increase its already strong EBITDA performance.
The hotel is ideally positioned on the busy Sherwood Business Park just off J27 of the M1 within a corridor of major cities, excellent road links and corporate businesses close by including Pure Offices, Dell, Pendragon PLC, Eddie Stobart, Eon, Countrywide and L’Oreal. The business park is also expanding significantly which will provide further opportunities.
Nottingham is 11 miles away, Mansfield seven miles away and Derby, Chesterfield and Sheffield are all a short distance away.
The extensive and broad ranging facilities the hotel has to offer include its relaxed bar and restaurant which is an ideal meeting place for those passing by, function rooms including ‘The Wing’ with a capacity up to 150 ideally suited for Weddings, with a fitness suite and a large outdoor terrace.
The hotel is offered on a Virtual freehold with a 975-year lease from 2019 with a peppercorn rent.
Restaurant 86 covers
Bar 36 covers
Three suites
The Wing up to 150
The White Lounge 30
The Boardroom 15
Fitness suite and large terrace
92 en suite rooms including 5th floor suites.
External DetailsCar parking for 94 vehicles.
The OpportunityThe hotel is subject to a Long Leasehold with 969 years unexpired and a peppercorn rent.
It boasts a strong and consistent financial performance and EBITDA. This has the opportunity for further growth through potential branding and marketing of its broad offering and its thriving location.
The property has a relaxed and glamorous feel and would impress any operator with its efficient purpose-built layout, independent and self-contained guest spaces and generous back of house areas.
We highly recommend arranging a formal tour to fully appreciate the scope and style of this outstanding asset.
We understand that the sale will be on a Transfer of Going Concern basis with VAT elected.
2024 turnover £2.44m, gross operating profit £1.28m, EBITDA c. £620,000.
2023 turnover £2.45m, gross operating profit £1.35m, EBITDA c. £576,000.
2022 turnover £2.39m, gross operating profit £1.37m, EBITDA c. £710,000.
Brochures
The Mour Hotel, Lake View Drive Annesley, Nottingham, NG15 0EA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newstead Station1.3 miles
- Kirkby in Ashfield Station2.2 miles
- Hucknall Station3.1 miles
Notes
Disclaimer - Property reference 5740697-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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