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The Corner House Hotel, 72 Massetts Road, Horley, RH6 7ED

£3,950,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 34 ensuite bedrooms - Car Parking
  • Owned and operated for 35 years
  • Net t/o to 31/6/24 £1.1m EBITDA c.£376k
  • Airport parking and transfers to Gatwick
  • Restaurant/bar and lounge
  • Energy Rating B
  • Christie & Co Ref: 8846289

Description

Description

The Corner House Hotel comprises a 34-bedroom owner operated hotel business with 4 star AA rated Guest Accommodation. The hotel is the perfect place to start and finish your holiday offering transfers to and from London Gatwick, as well as secure park and fly facilities.

The hotel also offer a base from which to visit the most popular tourist attractions in London and the South and has a warm and relaxed atmosphere where guests can enjoy a meal in the onsite restaurant or a drink at the bar.

Location

The Corner House Hotel is located within Horley on the south eastern edge of Surrey, and has Gatwick Airport approximately a mile distant. The property is easily accessible via the M25 (J7/8) with direct mainline rail connections into London from both Gatwick and Horley.

Gatwick Airport is the second largest airport in the UK after Heathrow with approximately 34 million passengers transiting through.

Internal Details

The hotel is configured over three detached buildings, two of those are set within the same plot with the third (Chalet) being on a separate title and accessed by crossing Massetts Road. The main building provides the majority of bedrooms and public areas including:-

• Reception desk
• Stairs to bedrooms
• Lounge/bar area
• Breakfast/dining room

There is also access to ancillary areas including guest toilets and commercial kitchen.

Fixtures & Fittings

The majority of fixtures and fittings and furnishings are to be included within the sale save for a few personal items. A list of any items to be removed will be provided by the Vendor.

Letting Accommodation

The hotel features a selection of single, double and suites across its 34 bedrooms set over three floors and the accommodation is based across three buildings as follows:-

• Main building - 19 bedrooms (14 accessed via the main entrance (over three floors) and 5 at the rear over two floors)
• Detached building (on the same plot) – 5 rooms (over two floors)
• Detached building (across the road) – 10 rooms (over two floors)

External Details

The main hotel sits on the corner of Brighton Road and Massetts Road and is easily accessible from either road.

The property has a part covered seating area in the garden. The majority of the external areas are devoted to car parking for the park and fly guests utilising the off site airport parking facilities.

There are also the usual ancillary areas for bin storage, and loading/unloading of linens and other hotel deliveries.

The Opportunity

After 35 years of ownership, our clients are looking to sell to to retire from the business.

The hotel is owned and operated by the Vendors who have developed a highly profitable business model generating consistent revenue in three key areas:

* Accommodation
* Offsite airport parking
* Transfers to and from the airport.

The business has a 4.5 rating on TripAdvisor with over 700 reviews. The property has been maintained well during the current ownership.

Staff

The Corner House Hotel currently operates with a complement of longstanding and reliable staff. A General Manager has recently been employed, however, all staff live locally.

The current owner has stepped away from the running of the hotel in recent months.

Trading Information

Financial Statements for the year ended 30/6/24 show net turnover of £1,113,772 with a reconstituted net profit of c.£376,000.

Further trading information will be made available following the signing of an NDA.

Business Rates

Current rateable value (1 April 2023 to present) £62,900.

Energy Performance Certificates

EPC 1

Brochures

The Corner House Hotel, 72 Massetts Road, Horley, RH6 7ED

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Horley Station0.5 miles
  • Gatwick Airport Station1.1 miles
  • Salfords Station2.3 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 8846289-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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