Greenwoods Hotel & Spa Stock, Ingatestone, nr Chelmsford, Essex, CM4 9BE Grade II listed manor house Hotel with 39 en-suite bedrooms, modern spa and swimming pool, wedding and conference facilities, set in large attractive grounds.
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Executive Summary On the instructions of H A Shinners and A H Stephens of Smith & Williamson LLP acting as joint administrators of Greenwoods Hotel Limited. 39 en-suite bedrooms including 6 premier rooms Feature lounge & bar Terrace Rosewood Restaurant Millennium function room (circa 70 covers) Library & Boardroom function rooms Spa with 10 treatment rooms, 20m indoor pool, sauna, steam room & gym Attractive grounds with semi-permanent marquee (leased) Ample parking Chelmsford 5 miles, A12 Dual Carriageway 2 miles, Billericay 2.8 miles, Central London 27 miles Greenwoods Hotel & Spa Greenwoods Hotel & Spa 3
Location Greenwoods is located in Stock, a picturesque village in the heart of Essex forming part of the London/M25 catchment. Although a rural area, the hotel is just 5 miles south of the prosperous city of Chelmsford and close to Billericay which provides a fast train service to London Liverpool Street (circa 30 mins). The hotel benefits from an affluent catchment as part of the Brentwood/ Chelmsford A12 corridor, with a significantly high proportion of the demographic falling into the top three consumer classifications: Symbols of Success, Happy Families and Suburban Comfort (76.4% against a Great Britain average of 36.03%) (Source: Experian). The hotel is also easily accessible by road being a short distance from the A12 and approximately 13 miles from the M25. Stansted Airport is approximately 40 miles distant and accessible within an hour. The hotel is easily accessible by road being a short distance from the A12 and approximately 13 miles from the M25 Hitchin The Hotel Stevenage A1(M) Hatfield St. Albans M25 M1 Edgware London M25 Bishop s Stortford M11 Romford Brentwood M25 A12 Gravesend Chelmsford Stock Basildon Braintree Witham Southend-on-Sea The original parts of the hotel were built in the 19th and early 20th Century with a modern spa and bedroom extension in 2001/2. The two wings are connected by the stylish hotel reception. The original half of the hotel provides: An attractive, wood-panelled feature lounge and bar Paved terrace to the rear leading to the marquee and gardens 2 interconnecting function rooms Restaurant with 70 covers 18 bedrooms at first and second floor level Kitchen Offices The newer wing provides: 21 bedrooms at ground and first floor level Millennium function room Spa & Swimming Pool Gym The entrance of the hotel benefits from an attractive gravelled drive with landscaped pond and 150 car parking spaces. A small, single storey building is discretely located to the north of the site providing staff accommodation. To the rear of the hotel are attractive landscaped gardens. A wooden gazebo is used for wedding ceremonies. The rear lawn hosts a marquee for the busy summer and Christmas periods and is used for weddings and larger events, with 160 covers and adjacent kitchen. There is also an on-site laundry used for the spa. Greenwoods Hotel & Spa 4
Accommodation Bedrooms All of the 18 bedrooms in the historic wing have been decorated to a good standard. Six have been upgraded to a premier standard with Jacuzzi baths and all benefit from in-room cooling systems. The modern wing provides 21 bedrooms decorated in a more contemporary design. Function Space Millennium Conference Room Boardroom Library 70 covers / 120 theatre style, Air conditioned, 2 adjacent syndicate rooms 32 covers / 40 theatre style 44 covers / 50 theatre style The library and boardroom are interconnecting and can be opened up into a single venue. The restaurant also provides the opportunity to host private events. Spa & Gym The Greenwoods Spa is located on the lower ground floor. The spa is available for use by all overnight guests and is popular for day use by local visitors. The facilities include a 20 metre swimming pool, sauna, Jacuzzi and steam room. There are 10 treatment rooms providing beauty and massage treatments. A premier treatment suite is also available for private use, which features a private sauna and steam room, seating area and twin treatment beds. The spa benefits from a shop. A small gym is also provided. The Business Detailed trading information will be made available to applicants upon completion of a non-disclosure agreement which is available from Savills, through our dedicated website. Greenwoods Hotel & Spa is trading successfully with headline revenues of: Year end 31st March 2011 2.877M Year end 31st March 2012 3.002M Draft Year end 31st March 2013 3.039M Planning A detailed planning history can be obtained on the Chelmsford City Council website: http://publicaccess.chelmsford.gov.uk/online-applications/ Details of the planning consent for the modern extension are available on our due diligence website 42% F&B and Conference & Banquetting 26% Rooms 32% Spa & Gym The original parts of the hotel were built in the 19th and early 20th Century with a modern spa and bedroom extension in 2001/2. Greenwoods Hotel & Spa 5
Additional Land Within the same ownership is a nearby plot of land (but not connected physically) totalling approximately 22 acres shown outlined in blue below. This is available by separate negotiation through Savills. Tenure Freehold the hotel is shown outlined in red below General Information Services Mains electric, gas and water. Wi-Fi throughout. Licences The hotel has a Premises and Civil Wedding Licence. Rateable Value Hotel, Spa and Premises: 145,000 Inventory & Stock The trade inventory is included in the sale and a list of any third party items is available on the website. Stock at valuation on completion. Local Authority Chelmsford City Council Civic Centre, Duke Street, Chelmsford, CM1 1JE Tel: 01245 606 568 EPC An EPC is being prepared and will be available on our dedicated website TUPE The purchaser will be required to comply with the relevant legislation in respect of current employees. VAT Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes, such tax will be payable by the purchaser in addition to the sale price. Basis of Sale Offers are invited for the freehold interest of the property. Viewings Strictly by appointment with sole agents Savills. Greenwoods Hotel & Spa 6
Contacts Gary Witham 0207 409 9902 07967 555 678 gwitham@savills.com Kirsty Perrin 0207 409 8137 kperrin@savills.com www.savills.co.uk/greenwoodshotel 33 Margaret Street London W1G 0DJ Notice: Henry Anthony Shinners and Adam Henry Stephens were appointed as joint administrators of Greenwoods Hotel Limited (In administration)( the Company ) on 6 September 2013 in the High Court of Justice, 6189 of 2013. They act as agents of the Company and without personal liability. Both Henry Shinners and Adam Stephens are licensed to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Company is continuing to trade under the supervision of the joint administrators and their staff and also by their appointed agents, Licensed Solutions Ltd. Important Notice: Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 October 2013