47 BEDROOM HOTEL in East Yorkshire for Sale.
This stunning hotel has undergone a major and total refurbishment to a very high standard with virtually all areas of the hotel having been refitted and equipped with many high end fixtures. The freehold property occupies a prominent position, just off a major A road. Easy motorway access. Having completed the refurbishment in June 2022 the owners have not made any attempt to open the business due to their other, extensive, business commitments and it is now offered for sale which allows a new operator to put their own stamp on the hotel as a turn-key purchase. This four storey property offers 47 bedrooms, (with a mix of double, family and singe rooms) and four, separate, self-contained, one bedroom apartments which are already let and return £450 per calendar month per apartment. Additionally there is also an adjacent shop which is let on a six year lease from June 2019 with rent review at three years which currently returns £10,000 per annum. These two parts of the property are therefore returning £31,600 per annum. The public areas of the hotel on the ground floor are spacious and immaculate with spacious public bar which is extensive and fully fitted including beer pumps, tills etc. Large bar seating areas with restaurant dining area off, comfort cooling and heating and large screen televisions installed. French doors lad to small outside area. Ladies and gents WC’s. Spacious, completely refitted commercial kitchen with pot wash area, extensive range of new, quality catering equipment including large pizza oven, commercial dishwasher, fridges, freezers, etc. and impressive extraction system. The first, second and third floors offer a total of 47 bedrooms with brand new en-suite bath / shower rooms and electronic, door entry system. Two areas of the hotel have been geared for guests who form part of a larger party of guests with fully fitted domestic style kitchens having been fitted to enable a pseudo self-catering facility. Additionally there is a gymnasium at third floor level which has been refurbished but not fitted with fitness equipment which leaves further options available to the successful purchaser. Externally there is a private car park to the hotel which during refurbishment has been made available to the public to create a further income using pay and display facilities. This is a very rare opportunity to acquire a, fully refurbished hotel, restaurant and bar on a turn-key basis and early viewing would be HIGHLY RECOMMENDED.
EPC Band E.