Cley Hall Hotel, 22 High Street, Spalding, Lincolnshire, PE11 1TX
- SIZE
Ask agent
- SECTOR
Hotel for sale
Key features
- Grade II* Listed town centre hotel
- T/O Y/E 31.1.24 £523,231, EBITDA £165,000
- 24 letting bedrooms, bar & restaurant
- Significant development potential (STP)
- Car parking & outside trading area
- Energy Rating C
- Christie & Co Ref: 5740662
Description
Cley Hall Hotel is a 24-bedroom Grade II* Listed hotel which dates back to the mid-18th Century. The property which is of traditional brick construction, comprises three floors and has been extended to the side and rear. There is a separate coach house which houses 11 of the letting bedrooms and has the
potential to be extended.
The hotel has been refurbished to a high standard throughout and includes bar and restaurant trading areas. There is the potential to create up to 11 additional bedrooms, along with a new function room (subject to obtaining planning consent).
There are well maintained lawned gardens to the rear of the hotel, as well as customer car parking to the front side.
Cley Hall Hotel is located on High Street in the Lincolnshire market town of Spalding.
Spalding itself is situated approximately 20 miles north of Peterborough, 44 miles south-east of Lincoln and 36 miles south-west of Skegness.
The property briefly comprises:
• Lounge bar (20)
• Restaurant/function room (50 seated or 75 theatre style)
• Commercial kitchen
• Ladies, gents and accessible toilets
• Laundry room
• Cellar
• Office
Fixtures and fittings are included with the exception of items that are personal to our clients.
Letting AccommodationThere are 24 en suite letting bedrooms spread over the main hotel building and the adjacent coach house. All rooms have plasma TVs and tea/coffee making facilities.
External DetailsTo the rear of the property are lawned gardens with a gazebo and outside storage space. There is car parking to the front and side of the premises for approximately 15 vehicles.
Owner's AccommodationThere is an additional bedroom which is currently used by the night porter. This could easily be converted back to a further letting bedroom.
The OpportunityCley Hall Hotel has undergone significant refurbishment and development since being acquired by the current owners in 2015. There is significant scope to further develop the hotel by created up to 11 additional letting bedrooms and a new function room (STP).
Trading InformationTurnover for the year ended 31January 2024 was £523,231 with an of EBITDA £165,000.
Full trading information will be made available to genuinely interested parties who have viewed the premises.
There is validated planning permission for the coach house to be extended in order to create six additional letting bedrooms, which would bring the total number to 30.
Business RatesConfirmation of business rates payable should be obtained from the local authority.
RegulatoryPremises licence.
Energy Performance Certificates
EPC 1Brochures
Cley Hall Hotel, 22 High Street, Spalding, Lincolnshire, PE11 1TX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Spalding Station0.5 miles
We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.
If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco
Notes
Disclaimer - Property reference 5740662-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.