Freehold Hotel in Warwickshire For Sale

Business description

Bag a Business is delighted to offer to the market this hotel/development property. The Grapevine Hotel is a quality period property, retaining a wealth of its original charm and features, which include large rooms with high ceilings, fireplaces and ceramic floors. The hotel has 10 letting rooms set over two floors. The current owner has kept all rooms in good order. The business is currently being run at a pace to suit our client, achieving a turnover of £62,000 per annum with a gross profit margin of 90%. Our client only now wishes to place the business on the market due to his strong desire to retire. The building would also lend itself to the creation of apartments and our client has planning in place for 6 one and two bedroom luxury dwellings. The property has in the past been a very successful restaurant, with a 60-cover capacity, and we feel that with its prime location and local advertising, it could once again be a very lucrative option. The property has been maintained to a high standard by our client, with uPVC windows and doors and a quality refit to the kitchen, making this a true walk in and trade option. Bag a Business urge early viewing to appreciate the quality and scope of this business.

Property information

Property:

Freehold

Living accommodation:

Large brick built 4-storey period property. Briefly comprising: GROUND FLOOR Entrance hall with original tiled floor 2 dining rooms with in excess of 60 covers Bar area with fixed seating and doors to the garden and patio Fully fitted large commercial kitchen with 6-burner range, Salamander grill, extraction hood, deep fat fryer, various refrigerators and freezers, and stainless steel preparation tables Utility and laundry area Staircase to basement Large lounge Small room, could be an office or a bedroom Double bedroom with built in wardrobes Kitchenette Bathroom with shower FIRST FLOOR Large landing 1 x double en-suite 1 x family room en-suite 2 x shower rooms 1x family room 2 x single rooms 1 x double room 2 x toilets SECOND FLOOR 2 x double rooms 1 x family room 1 x single room W/C EXTERNAL Car parking Courtyard garden Al-fresco dining area

Location:

The Grapevine Hotel is ideally located on a quiet street, just off the city centre. The property is situated amongst other complementary period buildings at the top of this pretty and sought after cul-de-sac. The centre of Coventry is just a few minutes walk, making the position ideal for contractors and tourist visitors as well as an ideal location for the creation of quality apartments. The main shopping precinct, Belgrade Theatre and nightclubs are approximately 5 minutes' walk away. Coventry is a city of great history, with its fine cathedral and university bringing large numbers of tourists to the area. The city also has strong road links to Birmingham and Leicester.