Quality Hotel For Sale

Business description

Offers Over: £3,000,000 Freehold

Purpose built 3 star 50 bedroom hotel in an excellent trading location. Conference and leisure facilities. Extensive car parking. Turnover circa £1,243,125 net of VAT.

An impressive and substantial purpose built property, the Quality Hotel, Ashbourne has been the recipient of an award for the quality of the architecture. This 3 star graded hotel has the benefit of 50 en suite bedrooms, extensive conference and banqueting facilities, the popular 'Mildale' Restaurant and 'Black Sheep' Bar, and leisure facilities including a gym and swimming pool. As well as a popular port of call for business travellers, the hotel is a popular venue for weddings and other private functions. The Quality Hotel is conveniently located on the edge of the quaint spa town of Ashbourne in Derbyshire. Ashbourne is a gateway to the Peak District National Park, and the hotel is ideally placed for the millions of people who regularly visit the park and its attractions, including nearby 'Dovedale'. Other attractions in the area include Alton Towers, Chatsworth House and Carsington Water. In terms of commercial opportunities, close proximity to the A52 allows easy access into Derby and the south to the major conurbations of the Midlands. The hotel is offered for sale in extremely good order with many areas having undergone extensive refurbishment in the last few years. Given an established reputation, the sale represents a rare and excellent opportunty to acquire a successful hotel with no additional investment required.

THE PROPERTY
A purpose built property of brick construction beneath a pitched tiled roof.

PUBLIC AREAS
Glazed double doors lead from the front elevation into the main Reception with desk and staff office behind. To the right of reception is an attractive Lounge with comfortable seating and exposed brick walls and feature fireplace. Beyond the Lounge is the recently refurbished 'Black Sheep' Bar. A popular facility with both residents and non-residents, the bar has a substantial servery, freestanding tables and chairs and an attractive fireplace. Beyond the main area is a second room with pool table and further seating. To the other side of the hotel is the popular 'Mildale' Restaurant with freestanding tables and chairs to accommodate circa 80, an attractive double height roof space and large picture windows.

CONFERENCE & BANQUETING FACILITIES
The 'Dovedale Suite' accommodates up to 200 theatre style for conferences or can accommodate 170 for formal private functions. The Suite can be split with folding partitions to create the 'Dovedale' room and the 'Wyedale' room - both accommodating up to 100. The hotel also has two smaller rooms; the 'Brailsford' and 'Clifton' rooms that can each accommodate a maximum of 20 theatre style.

LEISURE
The hotel has a leisure facility that includes a 12m x 8m swimming pool, mixed sauna and steam room and gym with cardio vascular eaquipment.

LETTING BEDROOMS
50 en-suite letting bedrooms to sleep circa 100 guests (100 double/twin).

SERVICE AREAS
Fully equipped commercial kitchens, including prep and pot wash areas. Extensive dry storage, cold storage and cellar facilities

OUTSIDE
The hotel occupies a substantial corner plot with extensive car parking to the front and side of the hotel. Attractive landscaping including pond to the front.

DEVELOPMENT POTENTIAL
We understand that in October 2000 a previous owner obtained planning permission for an additional 23 letting bedrooms. We understand this permission has now lapsed. The current owners are currently in negotiations with the local planning authority with regard to the possibility of developing 5 houses to the left of the hotel.

LOCAL AUTHORITY AND SERVICES
Derbyshire Dales District Council. Mains water, gas, electricity and drainage.

LICENCE
Full premises licence

TRADE
Management accounts for the year ending December 2007 show an operating profit of £397,020 from a turnover £1,310,280 net of VAT. Management accounts for the year ending December 2008 show a turnover £1,243,125 net of VAT. Further information will be supplied following a formal viewing of the property.

PRICE
Offers over £3 Million for the freehold property together with goodwill and trade fixtures and fittings (subject to inventory).

PHOTOGRAPHS
Whilst every care has been taken in preparing these details, the photographs have been supplied by the vendors and may, in some instances, no longer be current.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

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

Property information

Property:

Freehold