LUXURY GATWICK BED & BREAKFAST
EXECUTIVE SUMMARY INTRODUCTION Elegant Art Deco themed luxury bed and breakfast 13 individually appointed en suite bedrooms Stylish reception lounge Breakfast room Owners accommodation within grounds Onsite parking for 13 vehicles Net Turnover Y/E July 2016: 153k. Springwood Guest House is a handsome Edwardian property, located just 1.7 miles from Gatwick international Airport. Acquired by our client in 2007, they have invested in the property to create a stylish and unique product offering. Art deco rooms that have earned the guesthouse many accolades (including 9/10 Telegraph Expert Rating ) set this luxury bed and breakfast apart from local competitors and branded hotels. The Springwood s distinctive standing supports a robust, yet still strengthening trading performance. The guesthouse has good levels of repeat clients and Stay, Park and Fly business, plus relationships with holiday companies and some local corporates. The owner has established a successful approach to data base management and e commerce. A professionally presented website drives good levels of direct business. The site includes a recently commissioned video which can be viewed at http://springwoodgatwick.co.uk/why-choose-springwood/gatwickstay-park-and-fly/. Other marketing systems includes data base of 4000+ who receive periodic newsletters and special offers. The Springwood is well positioned to benefit from the expected increase on Gatwick s already impressive 44 million passengers per annum. The hotel is offered for sale as our client as our wants to focus on other interests.
LOCATION Whilst only 1.7 miles from Gatwick Airport, the hotel is located in in a conservation area. It also benefits from not being under the flightpath. Gatwick Airport is the UK s second largest airport serving more than 44 million passengers in the year ending March 2017. This marked 49 consecutive months of growth. It is also a major economic driver for the region, generating around 24,000 on-airport jobs and a further 12,000 jobs through related activities. Source: http://www.gatwickairport.com/business-community/ The guest house is also a good base for those visiting or working in the local area. Located in West Sussex, Horley is around 30 miles south from central London and 28 miles north of Brighton. Junction 9 of the M23 is around 2.5 miles from the Springwood, whilst Junction 7 of the M25 is about 16 miles to the north. Principal towns in the region include Crawley, Horsham, Reigate and Dorking. The Springwood s encourages leisure guests; a selection of attractions in the area are mentioned on http://springwoodgatwick.co.uk/discover-surrey/ THE PROPERTY Maintained to an exceptionally high standard, the main Edwardian style building is principally arranged over 2 storeys; though an attic has been converted to a triple letting bedroom. The main building incorporates the letting bedrooms and all public and back of house areas. The latter including owner s lounge, kitchen and conservatory office. A one-bedroom garden cabin is located in the garden to the rear of the property. It is currently used for owner s accommodation. The property occupies a site area of approximately half an acre. To the front, sides and rear is consented parking for 13 vehicles. Interested parties should note an option agreement applies to the some of the rear plot; this being part of other options on neighbouring properties for midscale residential development. It is envisaged execution of the option will not result in the loss of any of the guesthouse s parking spaces. A marked up site plan showing the proposed new boundary is available on request to Colliers International.
LETTING BEDROOMS 13 en suite bedrooms all stylishly finished in the art deco fashion. All feature well-appointed furnishings and lots personal design touches, the bedrooms are configured as follows: 4 Luxury Doubles 1 Luxury Twin 3 Superior Doubles 1 Superior Twin 3 Singles Triple bedroom - located to the attic. Interested parties may wish to note the guesthouse features 2 luxury ground floor doubles; spacious rooms having private access. All bar one of the en suites benefit from being recently refurbished. PUBLIC AREAS Leading off from the entrance hall are: Stylish reception lounge with seating for around 14. Other features include reception desk, character fireplace, dual aspect windows and exposed floorboards. Breakfast room with seating for around 16. In keeping with design ethos of the rest of the property, the room is decorated to a high quality art deco fashion. ANCILLARY AREAS Located to rear of the ground floor are the kitchen, owner s lounge and a conservatory office. SERVICES The property is connected to mains water, drainage, oil and electric.
WEBSITE http://springwoodgatwick.co.uk/ TENURE The property is held on a freehold basis. THE BUSINESS Currently trading as a luxury guest house with an adults only policy, the business is operated by the owner with the assistance of 2 part time members of staff. Operating on a bed and breakfast basis only, the business achieves a high adjusted net profit margin. The recent trading performance is summarised as: Y/E July 2016 2015 2014 Net Turnover 153k 128k 136k An electric car with Springwood livery is used to shuttle guests to and from the airport; the value of which will allocated to equipment upon apportionment of the sale price. FURTHER INFORMATION AND VIEWINGS Detailed financial and other information available on request to Colliers International. All formal viewing appointments must be arranged through Colliers International made through who are acting with sole selling rights.
GUIDE PRICE AND METHOD OF SALE Offers in the Region of 1.35m are invited for the freehold interest in the property and business. Stock in trade to be sold at valuation. FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Paul Barrasford 0207 344 6963 / 07826 860419 paul.barrasford@colliers.com SUBJECT TO CONTRACT 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. (May2017) Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.