Hotel Imperial, 16 Cornwallis Street, Barrow-in-Furness, LA14 2LG
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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
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.
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.
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.
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.
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.
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 1Brochures
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
Notes
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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