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Hotel With Separate Development Site In Hereford For Sale

Hereford, Herefordshire, UK
Asking Price:
£1,585,000 Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
£50K - £100K

* Popular and profitable Hotel & Restaurant in 4 acres

* Detailed planning approval for 5 dwellings

* Willing to sell the Hotel and Development site separately. £895k and £745k respectively

* Further scope to expand/develop

* Loyal customer base for both accommodation and food

* Interior Designer refurbishment of 10 bedrooms in 2019

* 5 bedrooms and all Public Areas refurbished during Lockdown 3

* 2 bed owners flat and 4 further en-suite staff bedrooms

* Stunning views and sunsets

This Country House Hotel in the Wye Valley of Herefordshire is offered as a retirement sale. Originally a Rectory, the building was converted around 40 years ago and is now a thriving business with good occupancy levels and a loyal restaurant trade. A successful "takeaway" offering has been established during the series of lockdowns and is highly rated by locals.

We offer "Room Only", "B&B, "DBB" and have recently introduced our version of an "All Inclusive" package which has proven very popular with our guests, who are about 75% leisure. There is scope to capitalise on the lack of Wedding Venues in the area and also to generate more conference business.
The views from the terrace and decking area are some of the best in Herefordshire and quite unique.

This is an ideal opportunity for a family or business syndicate to take the business forward and develop the building potential of the site.

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Living Accommodation:

A lovely 2 bedroom owners loft apartment, a managers' studio flat and 3 en-suite staff bedrooms are included.

Location:

Set back from the A49 between Hereford & Ross on Wye in 4 acres of parkland with uninterrupted views of the Black Mountains & Brecon Beacons. The historic centres of Hereford, Ross on Wye & Monmouth are all within a 20 minute drive.

Premises Details:

Former rectory, extended to include 20 en-suite bedrooms, bar seating 24, restaurant with approx 70 covers, residents lounge, meeting room. 16 bedrooms have lovely views over the valleys into Wales. A residents lounge and meeting room for 46 [theatre style] complete the property. The Hotel infrastructure has been much improved with recent upgrades to room stock, public areas, roofing and drainage.

Planning Consent:

Planning was approved in October 2020 for 5 dwellings in the grounds of the Hotel. The 2 entities [Hotel & Development Land] can be purchased separately and are priced at £745k for the land with detailed plans approved and £895k plus SAV for the Hotel.

Business Operation

Expansion Potential:

There is clear potential for more bedrooms, more residential development in the extensive gardens and/or conference/wedding facilities.

Competition / Market:

There is little competition for accommodation in the local area and limited opportunities to eat out locally, which encourages guests to dine "in house". There is also a shortage of wedding venues in the area, which may be of interest to a new owner when the current restrictions are lifted. Since October 2019, no less than 130 bedroom nights have been lost in the immediate area due to the closure of 3 large sized competitor Hotels. This has allowed us to increase our room rates by significant levels. All 3 properties had a strong wedding bias.

Reasons for selling:

Retirement

Trading hours:

7.30am to 11.00pm daily, 365 days of the year.

Employees:
17
Years established:
Approx 50 years as a Hotel Restaurant, 19 years in the same hands

Other Information

Support & training:

Owner willing to negotiate a handover if required.

Website:
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