Commodore Hotel For Sale

Business description

Offers Over: £595,000 Freehold

A commercial hotel with 16 en suite letting bedrooms.

Breakfast room and licensed bar. Main road location. Run under management – suit experienced operator. The Commodore Hotel is a well maintained commercial hotel with 16 en suite letting bedrooms, a breakfast room, licensed bar and car parking for around 12. The property is deceptively spacious with a large extension to the rear of the original building that affords the hotel both privacy and security. The Commodore Hotel occupies an elevated position on the main A610 Nuthall Road, which links junction 26 of the M1 with Nottingham City Centre. The location is ideal for attracting commercial trade during the week and leisure business at weekends. The current owner of the Commodore has several other successful businesses and as a consequence has found that he does not have the necessary time that is required to build up the trade at the Commodore. He has therefore reluctantly decided to sell. The sale represents an ideal opportunity for an experienced 'hands-on' operator to fully exploit the spacious accommodation on offer.

THE PROPERTY
A detached two storey property with brick and rendered elevations, a pitched tiled roof and a substantial extension to the rear.

PUBLIC AREAS
A secure entrance door to the side of the main building leads through to an enclosed courtyard with a pathway leading to the main entrance door. A door from the Entrance Hall leads through to a Lounge Bar area with fitted servery and fireplace and access through to the Breakfast Room with freestanding tables and chairs for around 22.

LETTING BEDROOMS
16 letting bedrooms to sleep 36 (3 singles, 3 doubles, 4 twins, 5 triples, 1 family). All the bedrooms have en suite facilities, TV, and tea/coffee facilities.

ANCILLARY AREAS
Ground floor kitchen

OUTSIDE
To the front is a car park with marked bays for around 12 cars. To the side is an enclosed courtyard with shrub borders and a raised ornamental pond.

SERVICES
Nottingham City Council. Mains gas, electricity, water and drainage

LICENCE
Premises licence

TRADE
The Owner informs us that the hotel is achieving average weekly sales of between £2,000 - £2,500. Staff costs are circa £25,000 pa. The hotel is currently run under management and the trade would undoubtedly benefit from the input of an experienced 'hands-on' operator.

PRICE
Offers in excess of £595,000 are sought for the freehold property, goodwill and trade fixtures and fittings (subject to inventory). Stock at valuation.

FINANCE
Colliers Robert Barry is in touch with different brokers and lenders specialising in all aspects of the hotel, hospitality and pub sector and will be pleased to introduce them to prospective purchasers on request.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold