• Listing ID: 1268714
  • (Seller ref: 210144)

Hotel In Newmarket For Sale


Location:
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Asking price:
£2,850,000 (Furniture / Fixtures included)
Sales revenue:
£1,401,915
Cash flow:
£250k - £500k

1/1


AA 3 star (78%), 43-bedroom hotel . Excellent trading location just off Newmarket high street and walking distance from the famous gallops. Good mix of trade, including weddings and conferences, with leisure trade boosted by 38 race meetings and 30 days of bloodstock sales in 2012. Very profitable and growing turnover circa £1.4m to June 2011.


Property:
Freehold
Location:
Excellent trading location just off Newmarket high street and within walking distance of the famous gallops.
Premises details:
Predominantly flat-roofed, brick built structure with accommodation laid out over ground, first and second floors.

Expansion potential:
Additional floor (subject to planning) to create 4 apartments. Reinstate some meeting rooms to additional bedrooms
Planning consent:
Planning consent granted in 1994 to add 4 apartments to the roof, also extending the lift service to this floor. We believe this consent has now expired.
Reasons for selling:
This is the most westerly hotel in a small hotel Group. Owners wish to concentrate on remaining hotels located in Norfolk.
Related documents:

For more information about this business for sale, click the Contact Seller button.


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