Number Four at Stow STOW-ON-THE-WOLD CHELTENHAM GL54 1JX

Number Four at Stow STOW-ON-THE-WOLD CHELTENHAM GL54 1JX

The impression of quality at Number Four starts as you pull into the well-kept car park and see the carefully manicured lawns and gardens. l Superbly appointed 18 bedroom hotel l Prominent location with easy access to the whole Cotswolds l Includes two bedroom cottage l Year ended December 2015 show sales of 687k with adjusted profit of c 160k Offers over 1.5m freehold or 250,000 for new lease

Overview The impression of quality at Number Four starts as you pull into the well-kept car park and see the carefully manicured lawns and gardens. Subject to a comprehensive refurbishment in 2010, the hotel was transformed into a beautifully presented 18 bedroom hotel with a smart two level lounge and an impressive 50 cover restaurant. An owner occupier will appreciate the excellent two bedroom cottage, although this could be used by staff or for self-catering accommodation always highly sought after in this honeypot area for visitors. Situated adjacent to the a A429 Fosse Way the Roman road that runs north/south through the Cotswolds Number Four has an enviable position. It affords easy access to the bustling towns of Stow on the Wold and also Bourton on the Water. The Cotswolds are a hugely popular tourist destination and this position makes it easy to reach the whole region with the other famous towns and villages within easy reach. Our clients bought the property when it was closed and transformed what had been a rather drab business into the smart concern found today. However, they never wanted to relocate from their home in the Thames Valley and after several years of commuting have decided that the daily journey has become too much and that Number Four should be sold. Their decision gives the opportunity for a locally based operator, or someone intending to move into the area, to acquire something rarely available, a recently refurbished business with a proven revenue stream.

The Property The original building is a two storey former public house built of stone beneath a pitched slate covered roof. This original property has been extended, possibly in the early 1980 s, to give the majority of the accommodation now on site. The extensions are also two storey, stone and slate. PUBLIC AREAS A most attractive entrance from the car park over the patio leads into Reception with Lounges on two levels, the Bar to the left and, to the right, the Restaurant, a stylish room that is normally set for 50 covers. On first floor is a Meeting Room for around 20 boardroom style, or 50 theatre style. Relatively lightly used, it offers obvious potential for more letting bedrooms. LETTING BEDROOMS 18 letting bedrooms to sleep 42 (13 double, 4 suites and 1 family room). All bedrooms are air conditioned and have en suite bathrooms. They have Wi-Fi and are equipped with flat screen TV, tea and coffee making facilities and hairdryer. OWNERS ACCOMMODATION/LETTING COTTAGE A stylish cottage with an open plan living/dining area with wood burning stove, kitchen and, at first floor, two en suite double bedrooms. SERVICE AREAS Modern commercial kitchen with wash up and preparation sections. Walk in refrigerator and freezer. Stores. Boiler room. OUTSIDE Ample car parking in marked bays, well tended gardens and a lovely patio. SERVICES Cotswold District Council at Cirencester: 01285 623000. Mains gas, electricity and water. Private drainage. LICENCE A premises licence is held. WEBSITE www.hotelnumberfour.co.uk

Further Information TRADE Accounts for the year ended December 2015 show net sales of 687,181 on which an adjusted profit of c 160,000 was made. During 2016 the family decided to scale back the days the hotel was open to reduce their travel commitment but there is obvious scope to trade more intensively given the excellent location. PRICE Offers over 1.5m for the freehold, complete with goodwill and trade contents but excluding personal items. Our client would also consider granting a free of tie lease. They would be flexible with regard to the term of the new lease that will be granted. Indicative term is a lease of 15 years on a full repairing basis inside the security of tenure provisions of the Landlord and Tenant Act 1954. Starting rent 75,000 per annum. Premium ingoing 250,000. DIRECTIONS From the A40 take the A329 Fosse Way following the route of the legionaries north towards Warwick and Stratford. After passing Bourton-on-the-Water (known as the Venice of the Cotswolds with its bridges over the River Windrush) continue towards Stow-on-the-Wold where Number Four will be seen on your right just before the traffic light junction with the A424 to Burford. The entrance to the hotel is on the A424. Stow-on-the-Wold Bourton-on-the-Water Burford Cirencester 1 mile 3 miles 9 miles 18 miles Oxford Stratford upon Avon London 29 miles 22 miles 83 miles CONTACT Peter Brunt LLB DipLE MRICS Director Hotels +44 117 917 2000 peter.brunt@colliers.com Ground Floor Templeback 10 Temple Back Bristol BS1 6FL DISCLAIMER Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending purchasers and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending purchaser 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 in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (January 2017) Colliers International is the licensed trading name of Colliers International Property Advisors LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered address is at 50 George Street, London, W1U 7GA.