Victorian House Hotel Broadgate 19 Room Hotel Grasmere LA22 9TA £1,875,000 (£98,684/Room)
INVESTMENT HIGHLIGHTS
- Riverside position with glorious fell views
- 20 high quality ensuite letting bedrooms plus riverside shepherd’s hut
- Stunning Lake District hotel in a honeypot village location
EXECUTIVE SUMMARY
Management accounts for the year ended 31 March 2024 show turnover (net of VAT) of £485,838 on which there trading profits (before finance costs and excess items) of £99,761, on a fully managed basis.
However, should an owner/operator choose to fully operate the business themselves, very significant savings could e made, particularly in wages and management costs which would boost adjusted profits to in the region of £175,000.
Please note that in the immediate aftermath of the Covid outbreak for the year ended 31 March 2022, Victorian House turnover was £702,463, with profit levels accordingly.
Offers around £1,875,000 are invited for the freehold complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation.
However, should an owner/operator choose to fully operate the business themselves, very significant savings could e made, particularly in wages and management costs which would boost adjusted profits to in the region of £175,000.
Please note that in the immediate aftermath of the Covid outbreak for the year ended 31 March 2022, Victorian House turnover was £702,463, with profit levels accordingly.
Offers around £1,875,000 are invited for the freehold complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation.
PROPERTY FACTS
| Price | £1,875,000 |
| Price Per Room | £98,684 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 7,718 SF |
| No. Rooms | 19 |
| Number of Floors | 2 |
| Year Built/Renovated | 1872/2018 |
| Parking Ratio | 0.91/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 19 | £124.00 | - |
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