BOUTIQUE HOTEL, BAR AND RESTAURANT in Rotherham for Sale.
A stunning and unique hospitality venue, with seven superior en-suite rooms, including a bridal suite with super king size bed, a restaurant and bar doubling up as a private function room, and three beautiful and individual outdoor courtyards. The hotel was extensively reconstructed in 2020, from the remains of a semi-derelict but very historic Grade Two listed building. No expense was spared in the concept planning and construction of this very unique, boutique, luxury hotel and high class restaurant.
LOCATION: Set in the very heart of Rotherham’s civic district, in an area known locally as The Crofts, between the Minster and the Town Hall, the location is exceptional.
THE BUSINESS: On finishing the construction project, the owner leased the property to tenants and a high end restaurant and bar was established, enhancing the wedding venue business and hotel hospitality business. Currently, due to unforeseen circumstances, the business has been closed and now stands vacant, in readiness for new, enterprising and ambitious new operators. The property is still predominantly fully furnished and equipped, ready to restart operations and fulfil the demand for forward bookings, which continue to be strong. In fact, there have already been enquiries for weddings and events to the tune of £40,000 in potential revenue this year.
THE OFFER: Our client is the owner and seeks offers from experienced hospitality or leisure professionals to take on a new lease on the property. Offers are sought for an ingoing leasehold premium for the existing fixtures, fittings and equipment in situ, and a new lease (length to be negotiated) and initial passing rent of £45,000 per annum. Alternatively, our client would consider selling the freehold interest in the property, guided at circa £1 million. The property is in outstanding condition and our client is eager to have it leased to capable operators who can reinstate the business without delay. We would like the website to do the talking, as any written description here, would simply not do justice to the quality and elegance of this phenomenal boutique hotel and restaurant property. George Wright Boutique Hotel | Rotherham (www.gwboutique.net)