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Metro Inns Newcastle, Ponteland Road, Kenton Bank, Newcastle upon Tyne, NE3 3TY

£2,000,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 63 bedroom purpose built hotel
  • EBITDA in excess of £300,000
  • Superb location just off the A1
  • Run under management
  • Easily operated for a new owner
  • Energy Rating C
  • Christie & Co Ref: 6445159

Description

Description

A two storey detached purpose built hotel with approximately 45 parking spaces. The hotel sits in its own grounds and occupies a secluded position but with excellent access to the motorway.

Location

The Metro Inns Hotel is located less than a two minute drive from the A1 motorway at the Kenton Bar Interchange. The hotel is circa a10 minute drive from Newcastle city centre, circa five minutes from Newcastle International Airport and circa 15 minutes from The Metro Centre.

The hotel is ideally located for guests visiting Newcastle upon Tyne. Newcastle is renowned for its buzzing culture and attracts significant numbers of tourists for its nightlife, shopping, historic cultural sites and visitors watching Newcastle United and Newcastle Falcons. The Kingston Park Newcastle Falcons ground is located one mile from the hotel.

Internal Details

Upon entrance to the hotel is a reception area, this leads through to the letting accommodation which is arranged over two floors.

Fixtures & Fittings

Fixtures and fittings are included with the exception of items that are personal to our clients.

Letting Accommodation

The hotel has 63 bedrooms, the breakdown of the bedrooms is as follows:
3 standard doubles
20 enhanced doubles
40 doubles with extra bed.
For every eight bedrooms there are two shower cubicles and two toilets.

External Details

There is a car park for approximately 45 vehicles.

Owner's Accommodation

There is a two bedroom managers flat with kitchen and bathroom. The manager’s flat is a very useful benefit to the hotel allowing staff to stay on site if required.

The Opportunity

The Metro Inns Hotel is a very established business, having been owned by our client for the past 15 years. The hotel is run by management with very little input from the owner. It is our view that the hotel represents an excellent return on investment with minimal management input needed.

There is the opportunity to upgrade the hotel and add en suite facilities should a new owner wish to invest in this to increase the ADR.

The proximity of the hotel to Newcastle city centre, St James Park and Newcastle Airport hugely contributes to the success of the business.

The hotel website is

Staff

The hotel has an experienced manageress, in addition there are a range of full and part time members of staff.

Trading Information

Accounts to year end 31st July 2023 show net of VAT turnover of £757,878 with an EBITDA of over £300,000. Accounts can be supplied to genuinely interested parties.

Tenure

We are advised the hotel is held on a 125 year lease with approximately 95 years remaining. We are advised the rent is only £1 per year.

Business Rates

Confirmation of business rates payable should be obtained from the local authority.

Energy Performance Certificates

EPC 1

Brochures

Metro Inns Newcastle, Ponteland Road, Kenton Bank, Newcastle upon Tyne, NE3 3TY

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kingston Park Metro Station0.5 miles
  • Bank Foot Metro Station0.7 miles
  • Fawdon Metro Station1.1 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

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 discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6445159-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.

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