Hotel / Motel for sale in Newmarket

Newmarket, Suffolk


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Sought after country area, outskirts of SUFFOLK

WE ARE INFORMED the turnover currently averages in the region of £2,000/£2,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. In our opinion there is potential for an alternative type of cuisine, possibly English or Italian.

We understand the business is held on a secure renewable Council lease having approximately 147 years unexpired at a rental of £25,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £10,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

FIRST FLOOR 6 LETTING BEDROOMS COMPRISING:

2 Double Bedrooms each with en suite bathroom with bath, w.c. and wash hand basin
4 Additional Double Bedrooms each with en suite shower room with shower, w.c. and wash hand basin

Storeroom
1 office (could be converted into an additional bedroom)
Cloakroom with w.c.

ADDITIONAL LETTING BEDROOMS in the form of a Chalet block comprising:

6 Double Bedrooms each with en suite bathroom, with bath, w.c. and wash hand basin. All with electric central heating.

Restaurant area mainly evenings - 6 p.m. - 11.30 p.m. seven evenings per week. As will be appreciated the staff are preparing during the day and therefore will accommodate customers for lunch, if required.

OFFERS INVITED TO INCLUDE THE VALUABLE LEASE, GOODWILL, FIXTURES, FITTINGS & FURNISHINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £195,000
Tenure : Leasehold
Status: Available
Sectors:
Restaurants
Bed & Breakfasts
Guest Houses
Hotels and Motels
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