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WE UNDERSTAND the turnover is slightly under the VAT threshold, approx. £56,000 p.a. however, in our opinion the business offers terrific potential for further increase in the right hands. The Hotel has only recently been operated with all rooms available and in our opinion offers terrific potential.
The Hotel has established an enviable reputation throughout the region and benefits from much regular repeat custom, without the need for any external advertising. Currently the business is operated at a pace to suit our clients, trading between March and October.
Price
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £259,995 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
Deceptively large mid terraced property, built approx. 1895.
3 Storey building on 6 split levels
Large welcoming entrance porch/hall with key pad security doors and CCTV. Recent plastic double glazed windows have been installed throughout, including front door to the property.
Full Gas Fired Central Heating throughout with separate heating unit for owner's accommodation.
All Fire, Gas & Electric certificates up to date.
It should also be noted that a new L2 fire alarm system has been installed with all the current fire certification necessary.
Licensed Hotel catering for up to 50 persons with large Dining Room and Sun Lounge.
Family bar in basement with: Fully equipped bar with 2 points of dispence, electric cash register, tables and chairs + perimeter seating, Celler store with 3 chillers.
Games area with: pool table, dart board, 3 gaming machines and rear exit door 2 separate WCs, plus laundry room.
Tool room & Gym - (potential for additional private bedroom)
Ground floor large commercial kitchen with double sink unit, recent large 8-burner double oven, heated hot cupboard, commercial gas water boiler plus ample storage cupboards.
Letting Rooms comprising 17 Bedrooms. All recently refurbished to a high standard. The majority with en suite shower room with shower, w.c. and wash hand basin. Only 2 of the bedrooms are not en suite and there is a shared shower room with shower, w.c. and wash hand basin.
The letting accommodation comprises:
1 Twin Room
6 Double Bedrooms
4 Tripple Bedrooms
4 Quad Family Rooms (1 of which converts to 5 beds when required)
1 Apartment (7 beds) this is 2 rooms converted
All the family rooms are very spacious!
Staff
At present run by a husband and wife team with additional part time staff, when required.
Accommodation
Owner's accommodation:
1 Bedroom (Other rooms used as storage also available)
Tastefully decorated with modern fitted glass door wardrobes, ceiling spotlights
Large private sitting room/dining room with new electric fire and surround
Outside
Front patio area
Rear courtyard providing parking for 3/4 cars
Tenure
Uniform Business Rates: £3,225 p.a.
RECOMMENDED FOR EARLY INSPECTION
The Mornington Hotel is an exceptional property and business, the quality of which rarely comes to the market.
