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Hotel Imperial, 16 Cornwallis Street, Barrow-in-Furness, LA14 2LG

£2,500,000

Business rates & charges may apply

Christie & Co, Hotels
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SECTOR

Hotel for sale

Key features

  • 49 bed hotel with bar & pub
  • Great town centre location
  • Excellent hotel business from local industry
  • Recently refurbished bedrooms
  • Garage with development potential
  • Function room. Energy Rating C
  • Christie & Co Ref: 6445192

Description

Description

This impressive Grade II Listed Victorian building accommodates guests across five floors. The bedrooms are situated on the upper four floors, while the function room and kitchen are located on the first floor. A passenger lift provides access to the upper floors from the ground floor reception area, and the hotel bars are also found on the ground floor.

The hotel has undergone a significant programme of refurbishment with all bedrooms and bathrooms upgraded, the bar fully refurbished and windows to the front of the property replaced.

Location

The Hotel Imperial 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.

Internal Details

Function Room
The large function room on the first floor has its own bar and access to a fully equipped commercial kitchen. This popular town centre venue has historically hosted celebrations, functions, meetings and conferences. It also serves as the hotel’s breakfast room in the mornings.

The Bar
The recently refurbished hotel bar offers a relaxed atmosphere where both residents and public guests can enjoy drinks. The bar has the potential to provide bistro-style food service in the evenings, as well as morning coffees and afternoon teas.

The Pub
An Irish-themed pub is also located on the ground floor but is currently closed. However, it has previously enjoyed strong beverage sales due to its central location and could be easily reopened to trade successfully.

Letting Accommodation

All 49 en-suite bedrooms have been refurbished in the last year to ensure they are well-presented. While all rooms are of a similar quality, they vary in size and layout. Thanks to the hotel’s proximity to the BAE Systems construction yard, it benefits from excellent occupancy.

Included in the sale is a former bus garage that provides private parking for 12 cars. The remainder of this building houses a further 34 dormant bedrooms that require complete refurbishment.

The Opportunity

With high demand for accommodation from the submarine construction yard, just a few minutes' walk from the hotel, combined with its central location in the heart of Barrow-in-Furness' regeneration area, the Hotel Imperial presents a prime opportunity for a buyer.

The new owner can capitalise on the recently refurbished bedrooms, reintroduce functions/meetings, reopen the hotel bar and food service, and revitalize the popular town centre pub. Additionally, there is potential for further development of the garage to create more letting bedrooms, significantly increasing the hotel's capacity to meet the high demand for accommodation in the area.

Trading Information

The hotel has been trading under a government contract for a period of time therefore there are no recent trading figures. More recently the hotel has re-opened to the public and enjoys excellent occupancy figures from recurring industry/contractor bookings and casual one-off guests.

Energy Performance Certificates

EPC 1

Brochures

Hotel Imperial, 16 Cornwallis Street, Barrow-in-Furness, LA14 2LG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barrow-in-Furness Station0.5 miles
  • Roose Station1.4 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

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Disclaimer - Property reference 6445192-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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