The Henley Hotel, Tanworth Lane, Henley-In-Arden, B95 5RA

For Sale by private treaty.

Offers in the region of £1,450,000 are invited for the freehold interest to include goodwill and trade contents, excluding personal items. The property will be sold by way of an asset sale.

Freehold 27 bedroom hotel with asset management and alternative use potential

This purpose built hotel was constructed in around 1984 and comprises a number of further additions, including what is now the bar, lounge, and dining area, and gymnasium.

The hotel was originally formed of 30 bedrooms, but as part of its upgrade 5 new bedroom suites were created resulting in a small reduction in the overall stock to 27 bedrooms. The hotel has attractive brick elevations formed under pitched tile roofs and the later extensions have been successfully blended into the original construction. Most of the bedrooms used to be accessed via open air' corridors, but are now enclosed to improve guest comfort during their stay. The majority of the hotel is arranged over ground and first floors, although the bar, lounge and dining area is a single storey (double height) extension.

Externally, most of the hotel's land is used for car parking, with it having a tarmac covering. To the rear of the hotel, and accessed from the public areas, there is a garden and outside seating area. This area of the hotel's site borders onto the River Alne.

Accommodation
All the bedrooms are en-suite and have flat screen televisions, tea and coffee making facilities, desks, chairs and wardrobe space. The Executive Rooms and Suites are larger bedrooms and have additional facilities. However, all the bedrooms present to broadly the same cosmetic standard. For disabled guests there are a selection of ground floor bedrooms, including a specially designed room which includes a full wet room with seated showering, grab rails and an emergency cord.

Location
The Henley Hotel occupies a predominantly rural location fronting onto Tanworth Lane, approximately 1.6 km (1 mile) from the centre of Henley in-Arden.

Henley-In-Arden is approximately 8.04 km (5 miles) west of the historic centre of Warwick, 24.14 km (15 miles) south of Birmingham and 12.87 km (8miles) to the north of Stratford upon Avon. The M40 motorway, which links Birmingham and London, can be accessed easily from the hotel.

There are nearby railway stations at Danzey and Henley-in-Arden on the Birmingham to Stratford line, which have regular services to Birmingham and Stratford upon Avon. Warwick Parkway is approximately 16.09 km (10 miles) from the hotel and provides a fast and regular service to both Birmingham and London.

Birmingham NEC and Birmingham Airport are about 20.92 km (13 miles) from Henley-in-Arden, making the hotel a convenient place to stay for travellers and visitors to the NEC.

Size
Circa 0.236 hectares (0.584 acres).

Tenure
Freehold

VAT
All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be payable where applicable. Prospective purchasers should consult their accountant for professional advice in this respect.

Proposal
Currently, the hotel operates on a room only basis and does not offer any food or beverage options. With existing bar, lounge and dining areas, together with a full commercial kitchen, reinstatement of a food and beverage offering is straight forward, thus increasing turnover.
The site and property lend itself to potential alternative use, including but not limited to, residential and care home use. Any such use would be subject to the necessary planning consents and purchaser's seeking an alternative use should make the necessary enquiries to the local authority.
The hotel formerly operated as a Best Western Plus' hotel. Therefore, the opportunity exists for a prospective purchaser to affiliate the hotel with another marketing platform or re-engage with Best Western.

Business Rates
The hotel's Rateable Value is: £46,000.

Services
We have been advised that the hotel is connected to mains electricity, gas, water and drainage. Wi-Fi is available in all areas of the hotel.

EPC
The hotel has an Energy Performance Certificate (EPC) rating B 44. A copy of the EPC certificate can be provided on request.

Legal Costs
Each party are to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.