The Orchid Hotel, a well presented 31 bedroom hotel that benefits from refurbishment in 2017. The hotel is well located close to Bournemouth town centre and the sea front with spectacular views to the English Channel.
The hotel was originally a residential premises dating from the early 20thcentury. It has been significantly extended and converted into hotel use, with a detached Coach House to the rear that provides staff accommodation.
( Agency Pilot Software ref: 53402 )
Location
The Orchid Hotel is located in a prime trading location surrounded by tree-lined roads and only a couple of minutes’ walk from the East Overcliff Drive, where far reaching views to the English Channel, Isle of Wight and Isle of Purbeck can be enjoyed. Below East Overcliff Drive is the popular Bournemouth Beach, which is often considered to be one of the best beaches in the UK. The beach is situated in the middle of a c.10 mile stretch of sand running from Hengistbury Head to the east of the hotel and Sandbanks to the west. The historic landmark of Bournemouth Pier is about 15 minutes’ walk from the hotel and has a variety of indoor and outdoor activities, restaurants and cafes.
Close to the Pier’s entrance is the Bournemouth International Centre, one of the largest entertainment, exhibition and conference venues in southern England, and it has been confirmed that the hugely popular annual Bournemouth Air Festival will be taking place at the end of August 2024, which takes place between Bournemouth and Boscombe Piers.
Accommodation
PUBLIC AREAS GROUND FLOOR The hotel is entered from the front car park area through the original entrance of the main building. Doors open to a comfortable lounge area with a mix of seating. To the rear of the lounge is the hotel’s reception area that comprises a high level counter. From the rear of the lounge and reception area there is a corridor that leads to the hotel’s two function rooms, the courtyard garden and the link corridor that connects to the North Wing. To the right hand side of the lounge is the hotel’s bar area and the restaurant is to the left hand side.
The hotel provides 31 ensuite letting bedrooms located over the ground, first and second floors of the North Wing and first floor of the main building. The hotel has a range of bedroom types and all benefit from flat screen televisions with Freeview channels, a variety of in-room amenities and complimentary Wi-Fi. The hotel’s bedroom inventory includes deluxe rooms that have higher grade toiletries, Nespresso coffee machines and dressing gowns. Six bedrooms are on the ground floor of the North Wing, 23 bedrooms are located at first floor level across the hotel and two bedrooms are on the second floor of the North Wing
LOUNGE The well-appointed open plan lounge, which is at the entrance to the main building, has a range of seating including comfortable chairs and sofas, along with tables and chairs. It can accommodate around 14 people.
BAR AREA The main bar area runs along the front of the main building and is accessed directly to the right of the lounge. It is an ‘L-shaped’ area that has a large bar servery running along the back wall and opens to a seating area at the end of the bar. It is finished with wood effect flooring and has a range of comfortable seating and tables. The bar area can accommodate around 55 people
RESTAURANT To the left hand side of the lounge are doors that open to the dining room. Subject to configuration, it provides around 40 covers at tables with contemporary chairs and banquette seating. There is a service counter with cupboards below and a shelf above. The restaurant connects directly with the hotel’s back of house pantry area and the commercial kitchen.
Terms
SERVICES Chartered Surveyors and Property Consultants We have been advised that the property is connected to mains electricity, gas, water and drainage.
FIXTURES + FITTINGS We are advised that all fixtures, fittings, and other items associated with the running of the business are owned outright and shall be included with the sale, save for any items that might be leased on finance. Prospective purchasers should satisfy themselves that the equipment is in full working order.
FIRE RISK ASSESSMENT We understand that a fire risk assessment has been recently carried out under the Regulatory Reform (Fire Safety Order 2005).
BUSINESS RATES We understand that the rateable value for the year commencing 1 April 2023 is £62,600
TENURE The hotel is owned on a long leasehold basis by virtue of a lease dated 9 June 2004 for a term of 99 years from and including 25 March 2004 and expiring on 4 March 2103. The passing rent is £38,610 per annum, subject to an outstanding RPI linked review in March 2024.
TRADING INFORMATION The Orchid Hotel’s prominent location, within walking distance of the cliff area overlooking Bournemouth beach, makes it an attractive destination for leisure guests, bolstered by corporate guests. The hotel was acquired in June 2021, with the previous owner having held the hotel since 2013 and undertaking a full refurbishment in around 2017. It has been operated by an on-site management team and is run as an independent hotel. A data room containing trading information is available to seriously interested parties.
PLANNING We understand that the property has a valid consent for its current use. However, we would advise interested parties to make their own enquiries with the local planning authority (Bournemouth, Christchurch and Poole (BCP) Council) in this regard. Lease documentation is included in the data room.
ENERGY PERFORMANCE CERTIFICATE (EPC) The property has an EPC assessment of 68 | C that is valid until the 29 September 2031. A copy of the certificate is included in the data room.
VAT All prices quoted and offers made shall be deemed to be exclusive of VAT and VAT will be payable at the prevailing rate where applicable. Prospective purchasers should consult their accountant/solicitor for professional advice in this respect.
Specification
- Prominent location a short distance from Bournemouth seafront, yet within easy reach of town centre
- 31 en-suite letting bedrooms Restaurant, bar and function rooms
- Hotel benefited from refurbishment in 2017 Coach House for staff accommodation
- Car parking Long leasehold, expiring on 24 March 2103
- Offers Invited in Excess of £2,000,000