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Restaurant For Sale

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Listing ID: 584

Property Name Hickman Hill Hotel
City Gainsborough
State, Province, Region Lincolnshire
Country UK
Zip/Postcode (where applicable)
Property Listed By Private Seller
Type Restaurant
Food Type
Seating Capacity
Size (sq. feet)
Gross Annual Revenue (optional)
No of Employees
Is Real Estate Included or Leased Included in Price
If leased, please state: Does not apply
Assumable Does not apply
Monthly Lease Rent n/a
Lease Terms 1
Licenses (if any)
Owner Finance
Down payment
Brief Description Restaurant/bar/function room + 10 letting rooms
Detailed Description of Business The Hickman Hill Hotel is situated on Cox's Hill, a pleasant mature residential area just to the east of Gainsborough Town Centre. Originally a Grammar School this handsome Grade II listed building has been run successfully as a small hotel, restaurant and function room for many years. Refurbishments over the last few years have resulted in the upgrade of 5 rooms. One of which is the owners accommodation. Internal Details: A lounge bar seats 26 and includes a reception area. A Minster stone fireplace. The School Room is a restaurant and function room with original pitched pine glazed dividing doors. It also has an original pine floor. The room accommodates up to 110 for a function, 60 for a wedding and 60 as a restaurant. From the School Room there is access to a part York Stone patio. Toilets are off the function room. Inner hall off the bar with ladies and gent's WC's. One of which has disabled access. Along from the bar is the main hall leading through to the original front of the property. The hall has a tiled floor and open staircase. At the end of the hall is a sitting room which is used for small meetings and private dining for up to 10. Letting Bedrooms: There are 10 letting bedrooms all with en-suite facilities. Rooms are named after former head teachers and comprise of four superior double rooms, four standard double rooms, one twin room and one triple room. The superior rooms have been superbly refurbished to a very high quality. One of these is on the ground floor is fully disabled friendly with wet room and separate WC. Owner's accommodation is in a beautifully refurbished en-suite room with large power shower and separate bath. Service Areas: Commercial catering kitchen, refrigeration and dishwasher room with walk-in refrigerator, dry goods store and laundry room with washer and two dryers.Small reception office, main office with CCTV, staff toilets and large vaulted basement cellar. There are two gas fired central heating boilers. There is easy access from the road onto a gravel car park with large well lit overspill parking for up to 30 cars. Gardens are landscaped and there is a pond to one side. There is a large flagged terrace to the rear of the property overlooking mature trees. Please note: There is a completed asbestos survey on the property and an EPC rating band of C. Competition: There are no other hotels currently in Gainsborough. There are two bed and breakfasts and these are a different market to us. Expansion Potential: We are in 2 acres of grounds. There is plenty of scope to expand the building subject to planning. Size in Sq. Feet: Ground floor: 3293 sq ft: first floor: 2433 sq ft Planning consent obtained for conversions to all rooms. New Entrance subject to approval. Years Established: 32 Employees: 4 plus casual staff. Trading Hours: 7.00am to 12.00 midnight 6 days a week. 8.00am to 11.00pm Sunday. Support & Training: We would offer 5 days on-site training & support upon agreed sale. Asking £495,000
Detailed Description of Location Situated on Cox's Hill, a pleasant mature residential area just to the east of Gainsborough Town Centre.
Reason for Sale
Price 495,000 GBP
Asking Price Business & Real Estate
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