Hotel Restaurant Conference Centre In Northumberland | | Otterburn Northumberland | | Hotel/Conference/Restaurant Business Otterburn, Northumberland T/O: £650,000 GP: 70% Substantial premises Set in 6 acres Enviable reputation 27 letting rooms Scope for additional rooms Excellent location | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58217
ADVERT IMPRESSIONS : 12,879 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Hotels | | SALE: | Agent Sale | FREEHOLD: | £794,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Percy Arms Hotel occupies a prominent main road position in the delightful village of Otterburn, Northumberland. The business is situated on the main road through the village and is close to all local amenities. Otterburn lies on the edge of the Northumberland Moors, some of Britain's most unspoilt countryside, and just 16 miles from the Scottish border. Otterburn is famed for the historic battle in 1388 between the Scottish and English armies, immortalised in The Ballad of Chevy Chase, from which the American actor took his name. There is a stone column to mark the site of the battle known as the Percy Cross. Other local landmarks include Otterburn Hall, Otterburn Tower and of course the Percy Arms, which in the 17th century was a coaching inn. Otterburn makes an ideal base for exploring the surrounding countryside and taking part in pony trekking, golf, walking, rambling and cycling. The village lies on the Newcastle to Edinburgh road and boasts easy access to Newcastle International Airport and the railway station.
Business History
Preferred Commercial is delighted to offer for sale this superb hotel, restaurant and conference centre, which dates back to the 17th century and which has been in our client's careful hands since 1987. The business generates a turnover in the region of £650,000 per annum with a gross profit of 70%, derived from letting the 27 rooms, offering conference and event facilities as well as from the renowned restaurant and tavern. There is a former care home attached, which a new owner could convert into additional letting accommodation, subject to the necessary planning permission. The Percy Arms Hotel boasts an excellent reputation with much repeat custom, especially for conferences and seminars. The business boasts a quality web site with information about all the facilities offered as well as an online booking service. We feel this represents a rare opportunity to acquire such a well-known and renowned business in such a desirable location. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £650,000 approx.
GP: 70%
Opening Hours
Open all year round
Accommodation Details
Substantial 2-storey former coaching inn offering 27 letting bedrooms, restaurant, 2 bars, 2 lounges and function room along with a currently unused 16 bedroom care home. Situated in approximately 6 acres of land. Briefly comprising:
Ground Floor
• Reception and office
• Small bar
• Percy Lounge
• Otterburn Lounge
• Conference/function room for up to 40 persons
• Garden restaurant with 120 covers
• Ladies & Gents WCs
• Bar with 13 points of dispense and feature log fire
• Pool room
• Public bistro with bar servery with 5 points of dispense
• Meeting room
• Commercial kitchen with a comprehensive range of equipment, walk-in chiller and prep room
• Access to former care home
• 3 x letting bedrooms with en-suite facilities
First Floor
• 24 letting bedrooms with en-suite facilities
Former Care Home
Currently unused. Briefly comprising:
• Lounge
• Dining room
• Office
• WCs
• Laundry room
• Store room
• Lift
• 16 rooms
External
• Patio/beer garden
• Utility store
• Food store
• Private parking
• 4 x garages
• 6 acres of grounds with river running through and fishing rights for a mile of the river
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2170 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
