| (REF: SE001481) 22 En-Suite Bed Bandb + Owners Flat - Prime Historic Tourist Town, E Sx |
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| Seller Reference: |
SE001481 |
| B4S Reference: |
28469 |
| Asking Price: |
Undisclosed
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
Undisclosed |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, East Sussex, United Kingdom |
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SOLE SELLING AGENTS - VIEWINGS AS USUAL BY APPOINTMENT ONLY
A UNIQUE OPPORTUNITY TO ACQUIRE A CHARACTER 22 EN-SUITE BEDROOM BandB HOTEL WITH 2 BEDROOM OWNERS FLAT LOCATED IN A PRIME TRADING POSITION IN THE HEART OF THE HISTORIC TOURIST TOWN OF BATTLE IN EAST SUSSEX
LOCATION
This 400 year old hotel is situated within the heart of Battle in East Sussex. It is located in the High Street with views from some rooms over Battle Abbey and towards Senlac Field, the site of the 1066 Battle of Hastings, and from the rooms at the front over the quaint High Street of this historic sought-after town.
The location of the property is superb for this type of business with Battle Abbey drawing tourists from all over the UK and overseas. There are also many other tourist attractions in this beautiful semi-rural area of East Sussex and Battle itself is well connected by road and rail, with its own mainline train station which runs directly to London Bridge, Ashford and Dover in Kent and many of the nearby seaside resorts in this sought after area of East Sussex. It is also a convenient and popular stop off location for many visiting Europeans.
THE PREMISES
The beautiful Grade II listed building is somewhat of a landmark building in the town and the hotel itself shares the ground floor of the building with an Italian restaurant from a well known and respected chain of Italian restaurants in the area. Currently utilities are split 1/3 to the restaurant owners and 2/3 to the hotel.
The reception to the hotel is from the side of the building and the hotel has a very large painted wall sign, as well as a traditional eye-catching hanging nameplate sign and its own rear carpark for 14 vehicles, which is an extra advantage in Battle itself.
In total, the hotel has 22 letting bedrooms all with en-suite bathrooms - most of which have baths with a shower over. All rooms are furnished with t.v. and tea and coffee making facilities, and one the most attractive features of this charming property is the central spiral staircase which is mentioned in several books on local history.
Overall, the bedrooms are decorated and furnished to a reasonable standard, two of which have 4-poster beds, one of which also has a fantastic double size jacuzzi bath and easily commands a Bed and Breakfast price of £120-£125 per night.
The family rooms are equipped with one double bed and one single, however there is also a double with bunk beds and cots are also available for guests with very young families.
Other features of the hotel include;
The Breakfast Room - with seating for 26 covers, with beamed ceiling with 4 sky light windows, stylish wall lighting, double doors out to the rear courtyard/parking area, Vent-Axia air conditioning fans and attractive furnishings throughout.
Kitchen - a small kitchen used for breakfasts and housing domestic size cooker, stainless steel sink unit, microwave, Lincat hot waterboiler, wash hand basin, fridge/freezer, stainless steel extractor, deep fat fryer, toaster and stainless steel racking, etc.
Bedroom 23 - is currently used as an office with the en-suite bathroom used as a laundry room off, but there is also the;
Private Owners Accommodation
The owners accommodation is located on the top floor and comprises of a lounge with 2 large sash windows with views over the countryside, a private kitchen, a study/spare single bedroom, 2 further bedrooms, one with en-suite bathroom and a further separate bathroom.
Although in need of some modernisation and decoration the flat provides good living accommodation with nice views.
Depending on the configuration, this flat could easily be made to provide 3 bedrooms with 2 bathrooms (one en-suite).
Ballroom - What was once the old ballroom is currently used as an extensive store room for all equipment including laundry, although it is worth noting that since re-configuration some years ago it now has a restricted head height. A washing machine and commercial dryer are situated in a separate room on the first floor of the hotel.
The whole front of property has recenty been painted, although further maintenance that has been estimated at between £12,000-£20,000 is currently required, and in our opnion further investment updating and improving the letting rooms would pay excellent dividends to a new owner.
The location is undoutedly excellent, with superb historic tourist attractions and the town centre with its wide range of cafes and restaurants, etc immediately at hand, and in our opinion with an improvement in standards it would make a very nice profitable lifestyle business.
THE TENURE
The premises are held on the balance of a renewable 20 year lease running from January 2003 to January 2023 with a current rent of £35,000 per annum. We also understand that from the vendor that the lease has the benefit of an indemnity from the landlord for any major structural repairs such as subsidence, although this does not exclude the exterior, general maintenance and other items, and it worth noting that any prospective purchaser would have to provide the appropriate references to be granted approval as the new tenant.
The current Business Rates payable are approximately £660 per month, after accounting for the 1/3 portion paid by the restaurant.
THE BUSINESS
The hotel has obviously been established for many years and apart from being located in a prime trading position, it also has contacts with a number of commercial organisations and major employers providing further continuity of trade in off-peak periods. The hotel currently has a 3 Star Bed and Breakfast rating and is registered with www.booking.com and Eviivo booking agency, as well as having its own website www.thegeorgehotelbattle.com
The business is currently run by the owner and his wife, with the assistance of a breakfast Chef and a reliable team of cleaners. Although in the recent past it was run by a manager and his wife with part time staff and some input from the owner.
The declared turnover of the hotel for the last financial year was in the region of £163,000 including VAT, leaving a reasonable profit for an owner or husband and wife partnership. However in our opinion, if a new owner was to invest in improving the current standard, then a considerably higher room rate could easily be achieved. The current room are rates inc breakfast are single £45, £60-£70 for doubles and twin bedrooms, £85 for a family room and £85 for the 4-poster bedroom.
As the hotel only provides a Bed and Breakfast service, as the major portion of the ground floor is occupied by the restaurant and with so many good local restaurants, cafes and public houses, guests are more than spilt for choice, the current kitchen facilities are limited, but as a consequence the business is easily run and ideal for a husband and wife team with help from part-time staff and in our opinion with the right approach has the capability to double the existing turnover.
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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