Business for sale

Business description

Nicely presented b & b hotel of character & charm located one mile from centre of city of nottingham within upmarket suburbs near four major international sporting venues

A rare and unusual trade related business offered at £485,000 freehold to include fixtures and fittings, goodwill plus s.a.v.

*Offered after 8 years of same ownership with consistent sales which only touch on the unexploited potential of this mouth watering & profitable site

*8 Bedrooms sleeping 18 guests – mixed en-suite facilities – friendly atmosphere – Cheery Breakfast room

*“Chintzy” courtyard – off street parking for 7 vehicles

*Alternative business style for those in pub trade requiring less demanding life style

*Flexible arrangement of owners accommodation

*Client base including tourists, commercial, sporting, local weddings etc

LOCATION (NG2 2HH)
Situated 1 mile from the city centre of nottingham within the upmarket suburb of west bridgeford which is like a village within the greater nottingham catchment, having an abundance of restaurants, wine bars, night clubs, boutiques, shops and of course trent bridge county cricket ground. For those of a sporting mind as well as trent bridge the hotel is convenient for nottingham racecourse, the national watersports centre, notts forest & notts county football clubs, donnington park race track, equestrian centres and double 18 hole golf course at cotgrave.

Other attractions such as the vale of belvoir, rutland waters, derby dales and national park, nottingham arena, sherwood forest visitors centre and the legend of robin hood, a multitude of historic castles and national trust properties with stately homes along with alton towers make this an ideal base to capture visitors to the region.

Communications to west bridgeford are excellent with east midlands (nottingham) airport 11 miles away, m1/m42/a50/m69/a1 within minutes drive, nottingham train station (main line london) and the bus stations of victoria/broadmarsh a short taxi ride.
The hotel is to be found on radcliffe road on a corner position with newhall grove which is a pleasant leafy cul de sac.

PROPERTY DESCRIPTION
Constructed of victorian brick towards the end of the 1800’s the property is semi detached holding an unmissable corner plot with pitched welsh slate roofs and square bay windows to its front aspect and “dorma style” windows set into the roof. The letting rooms offer modern clean tasteful accommodation within 8 individual bedrooms, sleeping up to 18 guests with inbuilt showers and hand wash basins, colour t.vs and hospitality trays.

The ground floor footprint comprises of entrance reception, breakfast room with feature exposed brick fireplace (16), family bedroom with 4 poster and bunk beds, bathroom, and residents lounge cum office cum private lounge (subject to personal requirements). First floor, 1 x triple bedroom, 2 x single bedrooms, 1 x family bedroom & 1 x double bedroom. Second floor, 2 x twin bedrooms & 1 x studio bedroom. Within the property there are separate w/cs, sep showers & bathroom facilities.

OWNERS ACCOMMODATION
Our clients live “off premises” however the flexible nature of the building allows for an owners flat to be provided to the ground floor.

EXTERNALS
Car parking is provided to the frontage for 2 cars and to the rear a further 5 spaces. The property has a delightful “chintzy” rear courtyard with mature bushes, shrubs and flowers which our clients use for their own relaxation and enjoyment. A laundry room id located off the yard.

PREMISES LICENSES
The business trades on 7 days (subject to our clients private requirements) and has relevant licensing to run the style of operation. It is not licensed for the sale of alcohol but we understand that if so required an application would be considered by the LA.

TENURE
We are instructed to offer the property and business for sale as COMPLETELY FREEHOLD.

SERVICES
We are advised that the business has mains electric, water & sewage with Central Heating by mains GAS. Business Rates payable are £866 inc water.

THE BUSINESS
Our clients have enjoyed an exceptional lifestyle out of the business over the past 8 years with regular foreign holidays and leisure time spent playing golf and horse riding It is important to view the accounts with imagination of how you would run the business and to what level. Sales for Y/E 31/03/06 show £32,404 vat exempt which are consistent with historic returns. Net profits declared show circa 50% of recorded sales. See past the “glass ceiling”.

This is truly a unique business opportunity waiting a new dedicated owner to enjoy an alternative leisure business offering an enviable trade lifestyle

Accounts information will be made available to interested parties after viewing.

Ref: G4322F