Chadwick House Hotel For Sale

Business description

Offers over £599,000 - Freehold

Easily run highly profitable B&B. 14 attractive en suite letting bedrooms. 2 bedroom owners' flat. £83,815 net t/o - relaxed trading. Chadwick House is a well known, and long established town hotel enjoying a very profitable bedroom trade and located in a high profile trading position. The property has been extensively refurbished during the present ownership and incorporates modern facilities such as internet access for each bedroom making it ideal for business users and as well as town visitors alike. This is complemented by high quality recently refurbished private accommodation, extending to 2 bedrooms. Chadwick House is centrally located within the town and is well positioned to attract not only midweek commercial but also weekend town trade. Macclesfield itself has a population of around 51,000 and is a popular place to live being within easy commuting distance of Manchester City Centre as well as being on the edge of the glorious Peak District National Park.

The town is also very well developed as a commercial centre allowing Chadwick House to benefit from regular business and corporate clientele. The present owners acquired Chadwick House in January 1999 and during their ownership have carefully refurbished this prominent hotel and have only recently carried out extensive redecoration. The kitchen has been completely refitted with modern quality units making it very easy to run and the owner’s accommodation is both spacious and well appointed. The business trades on a bed and breakfast basis only allowing the owners to enjoy not only an easily run highly profitable business but one which also allows them an excellent quality of life. The business can therefore easily continue to run in its present form or could be developed to provide evening meals and non-residential food trade. Having enjoyed their years at Chadwick House the owners are now looking forward to their retirement.

THE PROPERTY
The property is of traditional brick construction under a slate roof with the accommodation arranged on 4 floors.

PUBLIC AREAS
Entrance vestibule leading to the reception hall incorporating a check in area. Smart dining room usually set for up to 26 diners. A spacious room with Adams-style fireplace with Victorian style grate.

LETTING BEDROOMS
14 Letting Bedrooms to sleep 23 (6 double, 3 twin and 5 single) 12 are en suite (2 with bathroom and 10 with shower). The 2 standard single bedrooms share facilities comprising of bathroom/WC and shower room/WC. All bedrooms have central heating radiator, telephone extension/internet access, colour television and tea and coffee making facilities.

STAFF ACCOMMODATION
One bedroom staff accommodation with en suite shower room.

OWNERS' ACCOMMODATION
The owners accommodation comprises of Master Bedroom with vanity wash hand basin and further good size bedroom 2 again with vanity wash hand basin. These share a lovely recently refurbished bathroom with jacuzzi bath, double shower, vanity wash hand basin, toilet and storage facilities. Lounge with delightful fireplace having a living flame gas fire and hallway/telephone area.

SERVICE AREAS
Kitchen with a range of recently fitted units and incorporating a stainless steel canopy and extractor as well as non-slip floor. Access to the serving bar in the dining room. Laundry/boiler room, workshop and office.

OUTSIDE
Rear car park.

SERVICES
Macclesfield Borough Council at Macclesfield. Mains electricity, gas, water and drainage. Gasfired central heating.

2008 LISTINGS
Michelin Guide

TRADE
Certified accounts from the owners' Chartered Accountants in the form of a Trading and Profit and Loss Account show profits of £45,659 (before finance costs and depreciation) for the year ended 30 April 2008 on (net) turnover of £83,815. This is during a period when our clients purposely reduced turnover for personal reasons. Previous years takings have been up to £113,532.

PRICE
Offers over £599,000 are invited for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DIRECTIONS
From Macclesfield town centre, turn North on to the A538 (Beech Lane) and Chadwick House Hotel will be seen on the right hand side of the road. Congleton 8 miles, Knutsford 11, Stockport 11, Manchester 18 and London 167.

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