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Hotels, Ossett, West Yorkshire

Offers in Excess of
£750,000

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Ernest Wilson & Co Limited, EW Leeds
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9 bedroom guest house for sale

Key features

  • Highly prominent and desirable building
  • Planning for nine en-suite hotel rooms
  • Well known wine bar venue with late licence
  • Many guest rooms are close to completion
  • Potential HMO rental income of £62,500 per annum

Description

GROUND FLOOR WINE BAR AND NINE EN-SUITE BEDROOMS (FIRST FIX CONDITION) in Ossett for Sale.

One of the finest buildings in Ossett town centre, directly across from the towns main public car park. The owner has operated the well-known, ground floor wine and music bar for 25 years. Most recently, planning permission was approved to convert the two upper floors to an eight bedroomed hotel. Work had begun but was curtailed at first fix stage by the pandemic. Each room is largely than the hospitality industry norm, and all have en-suite bathrooms. This is a tremendous opportunity for developers and property investors to finish off the project and begin taking reservations for the rooms, (there is a huge shortage of hotel rooms in the area), or create a substantial annual rental income offering up letting rooms as an HMO property. The wine bar below operates just two weekend nights a week and benefits from a late licence from 11am to 2am, seven days per week. New owners may choose to change the theme of this open plan venue and provide a dining room or bar lounge for hotel guests or develop daytime trade as a coffee shop or cafe bar. Alternatively, the ground floor establishment and going concern could be leased to a bar, restaurant or club operator. The owners are keen to sell the property due to serious health issues and all reasonable offers for the freehold will be considered.

THE PREMISES
Ground Floor: Open plan bar and music venue. Fully fitted and equipped. Long bar supported by a traditional basement beer cellar. DJ station, stage and dance area. Recently refurbished ladies and gents toilets.
First Floor: Wide, concrete steps lead to a landing and what was proposed to be a commercial catering kitchen (could also be used as a communal kitchen for the flats). Fully installed and operating electronic dumb waiter serves the ground floor. Four, partially finished guest rooms with en-suite bathrooms. There is an office which could also provide a laundry room.
Second Floor: Stairs to a landing, off which there are a further four partially built en-suite guest rooms, plus a large flat which was to be the managers accommodation as it would be fully self-contained with its own kitchen and bathroom. The flat also has access to a spacious, private, flat roof patio area. This would make for an additional letting studio with good rental potential should the building operate as HMO letting rooms, as opposed to a hotel with in-house manager.
There is a car parking opposite and permit parking outside the door.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

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Disclaimer - Property reference 590888. 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 Ernest Wilson & Co Limited, EW Leeds. 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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