Freehold Hotel With Private Living Space | | Birmingham West Midlands | | FREEHOLD HOTEL WITH PRIVATE LIVING SPACE Advised weekly turnover of £2,675 with good gross profit returns 25 bedroom hotel including 2 bedroom owners' accommodation Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64454
ADVERT IMPRESSIONS : 17,026 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Bed & Breakfast | | SALE: | Agent Sale | FREEHOLD: | £1,175,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | FREEHOLD HOTEL WITH PRIVATE LIVING SPACE
Advised weekly turnover of £2,675 with good gross profit returns
25 bedroom hotel including 2 bedroom owners' accommodation
Early interest and viewing is highly recommended
Sale price includes all general fixtures and fittings
Ideal trading location Hagley Road, Birmingham
Large dining room/restaurant with licensed bar
Excellent investment property/prime location
Very well presented and appointed hotel
Superb lifestyle change opportunity
Beautiful rear gardens
FREEHOLD
Location
This exceptional freehold hotel has an ideal location from being situated on Hagley Road in Birmingham. The property stands proud just on the lip of the city centre leading to the city’s main attractions and conference facilities. Hagley Road is arguably Birmingham’s busiest access roads which see a mass of motorists and city visitors on a daily basis. Close by city attractions include The National Indoor Arena, one of the busiest, large scale indoor sporting and entertainment venues in Europe as well as shopping complexes including The Bull Ring, Selfridges and The Mail Box. Further attractions include The National Sealife Centre, The ICC, Symphony Hall and world-renowned theatres. The location is also ideally situated for Broad Street and Bindley Place which offers the city’s finest nightlife, restaurants and cinemas.The city now offers some of Europe’s most desirable shopping, dining, and entertainment venues which brings a consistent flow of business and visitors to the city throughout the year. The city is also popular as its situated right in the centre of the UKs motorway network with access to the M6, M5, M40, M42 and connecting to the M1. The hotel is less than 4 miles away from the M5 making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this superb freehold hotel which has a proud history dating back to the early 1950s. Since 1985 it has been owned and run by our clients who are only now placing it onto the market due to their strong desires for retirement. The business which is run and managed by our clients with the assistance of staff achieves an advised average weekly turnover of £3,000 which is derived from offering accommodation, food and licensed beverages to a wide range of customers throughout the year. Our clients have worked exceptionally hard on the business’ reputation which has resulted in a consistent trade year on year. The hotel also benefits massively from its highly visible trading location situated on the renowned Hagley Road. Our clients are very generously including all fixtures and fittings into the sale price which is a big plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is an ideal lifestyle change opportunity for an individual or couple who are looking for a sound investment. We would like to urge very early interest in this opportunity as hotels of this calibre particularly in this area rarely appear onto the market.
Financial Profile
Turnover: £3,000
Stock approximately: £1,000
Tenure
We are advised freehold
Opening Hours
Trades all year round
Accommodation
Well presented and appointed hotel property featuring front car park, large rear gardens with garage, reception, lobby, bar, dining room, guest lounge, private lounge, kitchen, dining room, laundry, 23 guest bedrooms, 2 private bedrooms, featuring period charm and caricature throughout.
GROUND FLOOR
Secure front entrance leading to reception/welcoming area with fitted reception and rear office.
Lobby with feature fireplace and guest seating space.
Open plan dining room with traditional dining tables and chairs (ideal for private functions).
Bar area with fitted bar featuring pumps and spirit displays, seating and dining space.
Guest lounge with ample seating and lounging space
Private area
Private lounge space with easy reception access, dining room (with bar severy), commercial style kitchen featuring large extraction unit, laundry room and storage areas.
Bedroom 1 - Double with en-suite toilet, bath & wash basin
Bedroom 2 - Double with en-suite toilet, bath & wash basin
Bedroom 3 - Family with en-suite toilet, bath & wash basin
FIRST FLOOR
Reception landing
Owners’ bedrooms - 2x double bedrooms, one with en-suite toilet, bath and wash basin
Bedroom 4 - Double with en-suite toilet, bath & wash basin
Bedroom 5 - Double/twin with en-suite toilet, bath & wash basin
Bedroom 6 - Twin with en-suite toilet, bath & wash basin
Bedroom 7 - Twin with en-suite toilet, bath & wash basin
Bedroom 8 - Double with en-suite toilet, bath & wash basin
Bedroom(s) 9 to 15 – Single(s), 2 with en-suite toilet, bath & wash basin and 5 with en-suite toilet, shower & wash basin (7 single bedrooms on the first floor)
SECOND FLOOR
Bedroom 16 - Double + single bed with en-suite toilet, bath & wash basin
Bedroom 17 - Twin with en-suite toilet, bath & wash basin
Bedroom 18 - Twin with en-suite toilet, shower & wash basin
Bedroom(s) 19 to 23 – Single(s) all with en-suite toilet, shower & wash basin (5 single bedrooms on the second floor)
EXTERNAL
Front customer off road parking for 20+ vehicles.
Rear - Large open gardens, lawns, flower beds, decorative trees, hanging baskets and patio areas. Garage with large gated entrance. | | | | | | FOR SALE | | | | | REFERENCE: | 2640 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
