0 Bed Hotel For Sale

A substantial brick-built property with accommodation on three floors which has been extended, and, very recently, refurbished with the provision of additional letting facilities which now offer 10 individual letting bedrooms together with five separate self-contained apartments. Hill Lodge occupies a sloping site and offers a large rear garden, mainly laid to lawn, with car parking for around 20 vehicles to the front, side and rear of the property.

The business was acquired by the vendors in 2017, since which time it has been remotely managed in the main. The property is being sold as our clients operate other non-hospitality businesses on which they wish to focus.

Located a short walk from the centre of the substantial Suffolk market town of Sudbury and around 16 miles from Bury St Edmunds, 20 miles from the county town of Ipswich, and seven miles from the historic medieval town of Lavenham, with Long Melford being only three miles distant. The area is well served by the trunk road network, the A131 and A134 roads being easily accessible.

• Main entrance to small ground floor reception area
• Dining room laid out for 32
• Bar & lounge area with servery for 30
• Customer WCs
• Staff room with en suite bathroom
• Well fitted out commercial kitchen, service areas and storage accommodation

Well fitted out commensurate with the trade and wholly owned.

The property has 10 letting bedrooms on the first floor of the property, all twin or double bedrooms with either en suite shower or bathroom facilities.

Car parking for around 20 vehicles. Rear garden area overlooked by three of the five studio flats with a public park beyond.

The business operates year-round as a bed & breakfast operation with no bar or food sales.

The property has 10 letting bedrooms all located on the first floor. The five apartments - four with one bedroom and the fifth with two bedrooms with each having a kitchen as well - being situated on the upper and lower ground floors.

The apartments are rented out to longer stay residents with a minimum six-month contract.

As previously mentioned, extensive refurbishment works have been undertaken by the vendors since the property was acquired and the property is now presented in an excellent condition throughout, a key strength given the very limited future capital cost requirements being required. Given the success of the business, and the clear upside in terms of additional food and beverage business which could be undertaken, we'd recommend an early viewing.

Operated by a full-time manager, part-time breakfast and housekeeping staff and a night porter. Owner operators living on-site would undoubtedly be able to reduce the present wage bill.

The business does not currently operate beyond longer staying residents, albeit rooms are let based on availability, and therefore, no trading accounts or financial records are available.

This is a genuine opportunity for a buyer to re-establish a hotel along with drink and food provisions.

Freehold.

Rateable Value £9,200 from April 2023.

The hotel does not currently hold a valid Premises Licence.