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Greater Manchester - Hotel/function Rooms

£595,000

Business rates & charges may apply

Sidney Phillips Limited, North West
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SECTOR

6 bedroom hotel for sale

Key features

  • Direct Link to Manchester City Centre
  • Sizeable, detached property
  • Ground floor function space (150)
  • Six letting rooms
  • Trade garden (100+) and car park (25)
  • Fully refurbished throughout
  • £2,500 P/A income from leased lockers
  • Development Opportunity (STPP)
  • SELLER REF 94073

Description

The Grand Hotel, formerly known as The Hare & Hounds public house, is located in Stoneclough, a market town in Bolton, Great Manchester. The town lies in the Irwell Valley, seven miles from Manchester city centre and three miles southeast of Bolton.

In the 18th and 19th centuries, Stoneclough was an important coal and cotton town but it is now predominantly residential. The area has many amenities and plenty of walking routes and green spaces such as Moses Gate Country Park and Clifton Country Park.

Stoneclough is served by junction 16 of the M60 Manchester Ring Road and the A56 provides direct access to Manchester city centre. The M61 connects to Bolton and Preston and links to the M6 motorway.

The area is served by Kearlsey Station which is on the Manchester to Preston railway line.

This sizeable, detached building is set over two storeys with a basement. It is of brick construction under a pitched slate roof and dates back to circa 1880.

The Grand Hotel, formerly The Hare & Hounds public house, has received much investment and refurbishment over the past 12 months. It now trades as a hotel with a private function space and caters for birthday parties, anniversaries, weddings, funerals and private events. The hire charge for the function room is £495.

The letting rooms, which are marketed on Airbnb for £50 per night, have proved popular and attract business travellers and contractors visiting the Greater Manchester area.

There is potential to increase trade with more extensive marketing of both the function suite and the letting rooms.

Two post lockers also generate an income of £2,500 per annum.

Alternatively, the property may be suitable for development/conversion to residential apartments (STPP), given there is much demand for housing in the area.

All mains services are connected and the property benefits from both CCTV and an alarm system,

Rateable Value: £7,000 as at 01 April 2023 to present. Note: the business receives Small Business Rates Relief and no rates are payable.

Local Authority: Bolton Metropolitan Borough Council.

A Premises Licence is held for the retail of alcohol:

Sunday to Thursday: 10:00 - 00:30.

Friday and Saturday: 10:00 - 01:30.

FREEHOLD £595,000 to include goodwill, fixtures and fittings. Stock at valuation in addition. 

No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Brochures

Greater Manchester - Hotel/function Rooms

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kearsley Station0.2 miles
  • Farnworth Station0.7 miles
  • Moses Gate Station1.4 miles

About Sidney Phillips Limited, North West

North West

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

Notes

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Disclaimer - Property reference 94073. 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 Sidney Phillips Limited, North West. 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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