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Hotel Majestic, Duke Street, Barrow-in-Furness, LA14 1HP

£2,500,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

Key features

  • 41 bed hotel with popular restaurant
  • Located close to BAE Systems
  • Excellent contractor business.
  • Within town centre regeneration zone
  • Development potential to inc. room revenue
  • Grade II Listed. Energy Rating C
  • Christie & Co Ref: 6445193

Description

Description

This landmark Grade II Listed Victorian building is positioned on the main thoroughfare of the town centre, right in the heart of the urban regeneration zone. The accommodation spans four floors: the bedrooms occupy the upper three floors and are accessible via stairs from a reception area, while the restaurant and residents bar are located on the ground floor. The property also benefits from private parking for approximately 15 vehicles.

Location

The Hotel Majestic is centrally located in Barrow-in-Furness, in the regeneration zone, and is within walking distance of the BAE Systems plant. BAE Systems has recently secured a £3.9 billion contract to construct a new generation of nuclear-powered submarines, employing around 17,000 people in the area.

The town centre is undergoing a major urban regeneration program thanks to a £200 million government investment, £17 million levelling-up fund and an additional 900 new homes being built annually nearby.

Francesca's Italian Restaurant

The restaurant, located on the ground floor, benefits from an excellent corner location on this busy thoroughfare. With a capacity of 140 covers and featuring an Italian-themed menu, this extremely popular restaurant draws both locals and visitors, including many contractors staying in the town. In the mornings, the restaurant also serves as the breakfast room for hotel guests.

Letting Accommodation

All 41 bedrooms in the hotel feature en-suite bathrooms. While all rooms are of similar quality, they vary in size and layout, from single to triple occupancy.

The Opportunity

Given the high demand for accommodation, due to the significant workforce needed for the nuclear submarine construction yard just a short walk away, along with its prime location in the heart of the Barrow-In-Furness regeneration area, the Hotel Majestic presents a unique opportunity for potential buyers. The business can be operated as is in a town with above-average demand for year-round accommodation, combined with a successful restaurant trade.

Trading Information

Francesca’s Restaurant operates independently from the hotel and is included in the sale price. We are advised that Francesca’s has a turnover of circa £1,000.000 per annum (gross).

The hotel accommodation has been trading under a government contract for a period of time therefore there are no recent trading figures.

Energy Performance Certificates

EPC 1

Brochures

Hotel Majestic, Duke Street, Barrow-in-Furness, LA14 1HP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barrow-in-Furness Station0.6 miles
  • Roose Station1.3 miles
  • Dalton Station3.6 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 6445193-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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