For Sale
GROUND FLOOR WINE BAR AND NINE EN-SUITE BEDROOMS (FIRST FIX CONDITION) Highly prominent and desirable building Planning for nine en-suite hotel rooms Well known wine bar venue with late licence Many guest rooms are close to completion Potential HMO rental income of £62,500 per annum Weekly turnover £5,000 to £6,000 from over two nights per week only REF 590888. Business and Property, Offers Over £750,000 Ossett
£750,000
ID:
590888
Listed:
31/01/2025
Tenure:
Freehold
Details
GROUND FLOOR WINE BAR AND NINE EN-SUITE BEDROOMS (FIRST FIX CONDITION) in Ossett for Sale.
One of the finest buildings in Ossett town centre, directly across from the towns main public car park. The owner has operated the well-known, ground floor wine and music bar for 25 years. Most recently, planning permission was approved to convert the two upper floors to an eight bedroomed hotel. Work had begun but was curtailed at first fix stage by the pandemic. Each room is largely than the hospitality industry norm, and all have en-suite bathrooms. This is a tremendous opportunity for developers and property investors to finish off the project and begin taking reservations for the rooms, (there is a huge shortage of hotel rooms in the area), or create a substantial annual rental income offering up letting rooms as an HMO property. The wine bar below operates just two weekend nights a week and benefits from a late licence from 11am to 2am, seven days per week. New owners may choose to change the theme of this open plan venue and provide a dining room or bar lounge for hotel guests or develop daytime trade as a coffee shop or cafe bar. Alternatively, the ground floor establishment and going concern could be leased to a bar, restaurant or club operator. The owners are keen to sell the property due to serious health issues and all reasonable offers for the freehold will be considered.
THE PREMISES
Ground Floor: Open plan bar and music venue. Fully fitted and equipped. Long bar supported by a traditional basement beer cellar. DJ station, stage and dance area. Recently refurbished ladies and gents toilets.
First Floor: Wide, concrete steps lead to a landing and what was proposed to be a commercial catering kitchen (could also be used as a communal kitchen for the flats). Fully installed and operating electronic dumb waiter serves the ground floor. Four, partially finished guest rooms with en-suite bathrooms. There is an office which could also provide a laundry room.
Second Floor: Stairs to a landing, off which there are a further four partially built en-suite guest rooms, plus a large flat which was to be the managers accommodation as it would be fully self-contained with its own kitchen and bathroom. The flat also has access to a spacious, private, flat roof patio area. This would make for an additional letting studio with good rental potential should the building operate as HMO letting rooms, as opposed to a hotel with in-house manager.
There is a car parking opposite and permit parking outside the door.
One of the finest buildings in Ossett town centre, directly across from the towns main public car park. The owner has operated the well-known, ground floor wine and music bar for 25 years. Most recently, planning permission was approved to convert the two upper floors to an eight bedroomed hotel. Work had begun but was curtailed at first fix stage by the pandemic. Each room is largely than the hospitality industry norm, and all have en-suite bathrooms. This is a tremendous opportunity for developers and property investors to finish off the project and begin taking reservations for the rooms, (there is a huge shortage of hotel rooms in the area), or create a substantial annual rental income offering up letting rooms as an HMO property. The wine bar below operates just two weekend nights a week and benefits from a late licence from 11am to 2am, seven days per week. New owners may choose to change the theme of this open plan venue and provide a dining room or bar lounge for hotel guests or develop daytime trade as a coffee shop or cafe bar. Alternatively, the ground floor establishment and going concern could be leased to a bar, restaurant or club operator. The owners are keen to sell the property due to serious health issues and all reasonable offers for the freehold will be considered.
THE PREMISES
Ground Floor: Open plan bar and music venue. Fully fitted and equipped. Long bar supported by a traditional basement beer cellar. DJ station, stage and dance area. Recently refurbished ladies and gents toilets.
First Floor: Wide, concrete steps lead to a landing and what was proposed to be a commercial catering kitchen (could also be used as a communal kitchen for the flats). Fully installed and operating electronic dumb waiter serves the ground floor. Four, partially finished guest rooms with en-suite bathrooms. There is an office which could also provide a laundry room.
Second Floor: Stairs to a landing, off which there are a further four partially built en-suite guest rooms, plus a large flat which was to be the managers accommodation as it would be fully self-contained with its own kitchen and bathroom. The flat also has access to a spacious, private, flat roof patio area. This would make for an additional letting studio with good rental potential should the building operate as HMO letting rooms, as opposed to a hotel with in-house manager.
There is a car parking opposite and permit parking outside the door.
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