Top hotels set for sale in 2015

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With hotel investments their highest level in 8 years, according to new data from Savills, 2015 will see a selection of known and new buyers enter the boutique realm. We take a look at some of the key properties currently on the market looking to continue on this wave of buoyancy.

The Old Hall (1. Pictured)
Poolside, Madeley, Crewe CW3 9DX
£1,200,000 freehold

At a glance
• Luxurious B&B
• Wedding and banqueting venue
• Set in approximately 2 acres
• Turnover c. £110,000
• Potential for development (STPP)
• EPC Exempt

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History: Originally built as a farm house within Madeley village, The Old Hall is a detached two-storey property sitting on an estate of approximately 2 acres. Over the years, the property has been extended and added to however it has been in keeping with the current building along the grounds that it sits on. This recently refurbished residence offers luxury accommodation with four individual bedrooms, each full of their own character.

Figures: The accounts for the year ending March 2014 show a net turnover in the region of £110,000.

Potential: Our clients have owned the business for the past 7 years and are wishing to sell in order to relocate. The business has operated successfully for a number of years from multiple revenue streams including the 4 bedroom luxury letting accommodation, wedding trade and also functions. There is scope to increase this trade with increased marketing of the wedding venue and also development of further bedrooms to the upper floors.

More information: E: manchester@christie.com

The Queen’s Arms (2. Pictured)
Newbury Road, East Garston, Hungerford,
Berkshire RG17 7ET
£750,000 freehold

At a glance
• Established 18th Century Inn with rooms
• Located four miles from junction 14 of the M4
• Restaurant (50) and bar area (30)
• Eight en-suite letting rooms
• Large car park and rear garden
• Potential to increase number of bedrooms.
• Energy Rating D

History: The property comprises a substantial detached 18th century Inn with a large bar area, restaurant and eight letting rooms, seven of which are on the first floor, with one family room containing a separate lounge in the ground floor extension. The rooms have been carefully designed to emphasise the heritage and tradition of the area. All of the artefacts, pictures and books at the Inn have been purchased at auctions, private sales and from dealers throughout the UK, giving great depth of character and style to the property.

Figures: Net turnover of £362,000 for an 11-month period over 2013/14.

Potential: Currently home to 8-bedrooms, there is space for a further four, which is currently used as a storage facility. The bar area has space for 30-40 covers depending on the layout, while the restaurant has space for 50 covers, which already has a good reputation for sourcing food and drink locally.

More information: E: winchester@christie.com

Westlands Hotel (3. Pictured)
160 Atholl Road, Pitlochry PH16 5AR
£850,000 freehold

At a glance
• Outstanding property in centre of Pitlochry
• 15-bedroom hotel in landscaped grounds
• Superb 3-bedroom owners bungalow
• Lounge bar, restaurant & function room
• Consistently profitable business
• Up to 70% loan available via Christie Finance,
• subject to status.
• Energy Rating G

History: A traditional stone built two storey detached property under slate pitched roof which has been tastefully extended over the years. All bedrooms are en suite and are well furnished comprising 13 double/twin bedded rooms, one four-poster and one single bedroom. There is also a further bedroom which is currently used as storage.

Figures: Sales for the year to 30th June 2013 net of VAT of £366,089 producing a gross profit of £271,622 (74%).

Potential: The current owners have owned the business for some 13 years, which is extremely well run and profitable. There is a strong level of repeat business with an average room rate of between £49 to £54 per person on a B&B basis with an average spend of £25 per head for dinner. The majority of guests tend to eat in the restaurant and bar, and currently the early Theatre dinner offered at 5.30pm does well. The average length of stay for UK guests is two to three nights while overseas tend to be a minimum of one week.

More information: E: edinburgh@christie.com

Wheatsheaf Inn (4. Pictured)
Main Street, Swinton, Duns TD11 3JJ
£595,000 freehold

At a glance
• Award winning traditional inn
• 10 comfortably furnished letting rooms
• Lounge bar, Fish Lounge and 3 dining areas
• Terrace bar & beer garden with patio area
• Strong and consistent sales
• Up to 60% loan available via Christie Finance,
• subject to status.
• Energy Rating G

History: A traditional two storey stone built building with attic rooms that has been sympathetically extended over the years. The owners have created a warm ambiance furnishing this traditional inn with a classic country house style. There are a number of eating areas each offering a different
perspective of this property, seating circa 84.

Figures: Sales for 12 months to 31st May 2014 were £471,000.

Potential: The current owners have the business built up over a number of years, offering a relaxed and informal dining experience overlooking Swinton Green. Winner of various awards including Best Restaurant in the Scottish Borders in the 2014, this business has a reputation for using fresh locally-sourced produce. With a high level of occupancy and strong growing sales, it’s ideal for an experienced operator.

More information: E: edinburgh@christie.com

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