7-letting bedroom Hotel in Nottinghamshire For Sale in Nottingham- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is pleased to offer for sale this well appointed hotel, which was established in 1990 and has been operated by our clients since 2002. The business is only now offered to the market due to our client's wish to emigrate. Tudor Lodge Hotel offers 7 letting rooms and is beautifully decorated and maintained throughout with a large lawned garden area and ample parking. The hotel provides accommodation for visitors and contractors and is used by Basford College, Nottingham City Council, Ashfield Council, and local police, universities and hospitals. We are advised that our client has recently secured a 5-year contract for accommodation for 12 people Monday to Friday each week. Our client has earned a reputation for a warm welcome and value for money accommodation. Turnover could be increased by offering evening meals and opening the restaurant to non-residents, along with promoting the hotel facilities for conferences, weddings and other celebrations. Should the new owner desire, there is scope to expand the business by extending the letting accommodation and restaurant area, subject to the necessary regulations. Our client currently has a web site in place containing information about the facilities, location and contact details, which has an internet reservation system incorporated. We feel this is an excellent opportunity to acquire a popular and established hotel on the outskirts of the city centre, which is well-maintained, and has opportunities to increase turnover. Early inspection and negotiations with Preferred Commercial must come highly recommended.

Property Information

	Property:	Leasehold

	Lease Terms:	Leasehold Original length: 10 years Remaining: 9 years Review: every 3 years Rent: £21,600 per annum

	Current Rent:	£21,600 per annum

	Living Accommodation:	Yes

	Details of Accommodation:	Large, detached property with 7 letting rooms set on a third of an acre plot. Briefly comprising: Ground Floor • Reception • Dining/breakfast room with tables and chairs for 20 covers • Kitchen with work surfaces, oven, microwave oven, hot plates and fryer • Double bedroom with king-size bed, television and en-suite facilities • Triple bedroom with television and en-suite facilities • Triple bedroom with television and en-suite facilities • Owner's accommodation including bed/sitting room and bathroom First Floor • Twin bedroom with television and en-suite facilities • Triple bedroom with television and en-suite facilities • Twin bedroom • Twin bedroom External • Lawned garden area to rear • Paved and planted area to front • Large car park

	Location:	Tudor Lodge Hotel is ideally located on a busy road on the outskirts of Nottingham, Nottinghamshire. The hotel boasts a large car parking area and there is a bus stop directly outside the premises, with a number of complementary shops in the vicinity. Nottingham was officially recognised as a city in 1897 and is renowned for its links with Robin Hood. There are a large number of historical buildings such as Nottingham Castle and St Marys Church, whilst the shopping centres boast designer boutiques and independent retailers. The premises are situated to the northwest of the city centre, allowing easy access to junction 26 of the M1 motorway, which is approximately 2 miles away.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Open all year round

Energy Performance Certificate

View Energy Performance Certicate

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