FOR SALE, ESTABLISHED, WELL APPOINTED HOTEL AND EVENTS VENUE THE CHICHESTER HOTEL OLD LONDON ROAD, WICKFORD, ESSEX SS11 8UE

Transcription

1 FOR SALE, ESTABLISHED, WELL APPOINTED HOTEL AND EVENTS VENUE THE CHICHESTER HOTEL OLD LONDON ROAD, WICKFORD, ESSEX SS11 8UE Offers Invited for the leasehold interest in the property and business

2 SUMMARY 36 en suite guest bedrooms; Impressive array of F&B areas; including 2 events rooms with capacities of 140 and 60 persons; Substantial car park; Established business with diverse revenue mix; Net Turnover for year ended January 2018: 1.65m. INTRODUCTION The Chichester Hotel is a charming and historic boutique venue which boasts a warm and friendly service for business and leisure travellers and the surrounding community. The hotel takes its name from Sir John de Chichester who was the original occupant of Chichester Hall, a 13th century moated farmhouse which still survives to this day. Two of the farm buildings still stand and were renovated as the Essex Barn and the Stable Inn. This former farmhouse boasts 36 en suite bedrooms, a busy bar and restaurant and three event spaces that can be used for meetings, dinners, family celebrations and weddings. The hotel lies in the heart of the countryside district of Rochford which is rich in history, boasting numerous medieval churches. connecting to notable conurbations such as Basildon (6 miles), Southend (9) and Chelmsford (14). London Southend Airport is around 8 miles to the south east. * distances based on Google Maps routes fastest drive times. Fastest direct train journey times from Wickford to London Liverpool Street are around 39 minutes. The strong trading location supports a broad mix of revenues, ranging from: corporate clientele for whom the hotel is a popular midweek base and venue to; private clientele for whom The Chichester has long been of the region s favourite venues for a wide array of events including family celebrations, theme nights and weddings. LOCATION The Chichester Hotel occupies a rural yet easily accessible position just outside the Essex town of Wickford (Estimated population 35,000). The surrounding area enjoys great transport links. Arterial roads in the vicinity include the A127, A130 and A13;

3 THE PROPERTY AND EXTERNAL AREAS With origins dating back to the 13th century when a moated farmhouse stood on the site, The Chichester Hotel is a substantial, character property. Interested parties may wish to note it is not a Listed Site with Historic England The public areas are principally set towards the northern curtilage of the site; whilst the majority of bedrooms surround a courtyard to the southern edge. PUBLIC AREAS Chichester Suite; caringly restored with Tudor beamed walls and ceilings this popular function space has capacity for around 140 persons. Features include bar, dance floor and stage for live music. The Essex Barn; most commonly used as a wedding venue and comfortably seating 60. This converted barn features high vaulted oak beamed ceilings and bars. Stable Inn; recently refurbished to a high standard in a farmhouse style, this welcoming pub / restaurant space (featuring wood burner fireplaces) has seating for around 60 persons. there is also an accessible WC located within the hotel reception. GUEST BEDROOMS In total, the hotel features 36 en suite guest bedrooms (some of which have recently been refurbished) categorised as: Standard (double, family & twin) 27 Superior (double & twin) 6 Executive Double (including Bridal Suite) 2 Accessible 1 The bedrooms are well equipped with the finishing touches expected of a modern hotel. All feature flat screen TVs, tea and coffee making facilities, bottled water, hair dryer, iron and ironing board and luxurious toiletries. Guests have use of free unlimited Wi-Fi during their stay. ANCILLARY AREAS Extensive back of house areas include 2 well equipped commercial kitchen/s, multiple store rooms, staff room, boiler room and offices. Gallery Restaurant; a more contemporary space generally arranged to around 40 covers. The Courtyard; outdoor space (accessed from the Gallery Restaurant) with seating for circa sets of Ladies and Gents WCs including dedicated facilities for the Chichester Suite and Essex Barn. There are accessible WCs located within both the men s and ladies WCs that service the Chichester Suite, Stable Inn and Essex Barn,

4 UTILITIES The property is connected to all mains services. LICENCES We understand that licences held at the property include Premises Licence. The premises are also permitted for the conduct of marriage ceremonies and civil partnerships ENERGY PERFORMANCE CERTIFICATES Hotel: B Restaurant and function: E - D WEBSITE TENURE The property is held on a leasehold basis. 25 years with effect from 27th April 2015 on full repairing and insuring terms. The passing rent is 150,000 per annum, subject to 5 yearly rent reviews. The next review is 27th April The current business mix is approximately food 42%, accommodation 30%, beverage 23% and 5% other/ venue hire. The last 3 years net turnover was as follows: Y/E January GUIDE PRICE AND METHOD OF SALE Offers Invited for the leasehold interest in the property and business. Stock in trade to be sold at valuation. VIEWING AND FURTHER INFORMATION All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. Further information including accounts and lease documentation available upon request to Colliers International (9 months period) Net Turnover THE BUSINESS The Chichester Hotel an established 3-star hotel and events venue. At time of writing, 56% of TripAdvisor reviews rank the hotel as good or excellent. The strong trading location and array of facilities allow the hotel to capitalise on demand drivers from a variety of corporate and private clientele. The Stables is popular a bar and restaurant with local clientele; Sunday lunches being a particularly busy time.

5 FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Paul Barrasford Tel: Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Insert date) Colliers International is the licensed trading name of Colliers International Property Advisors UK LLP which is a limited liability partnership registered in England and Wales with registered number OC Our registered office is at 50 George Street, London W1U 7GA.