Hotel Majestic, Duke Street, Barrow-in-Furness, LA14 1HP
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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
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.
LocationThe 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.
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 AccommodationAll 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 OpportunityGiven 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 InformationFrancesca’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 1Brochures
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
Notes
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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