The Royal Hotel is a full service 36 bedroom hotel situated in an excellent trading location on the main A534 Nantwich Road in Crewe town centre between the market towns of Sandbach and Nantwich. This attractive three storey end of terrace Victorian property has recently undergone considerable refurbishment and improvement to many aspects of the property. 17 of the 36 letting bedrooms have been fully refurbished and tastefully decorated in a contrasting contemporary design whilst still retaining many of the original features. The hotel is not listed but is classed as locally listed and heritage asset. Other recent construction and development projects have included the corner bar, Langtry’s function and event suite, as well as a newly refurbished commercial catering kitchen, hotel reception area, resident’s lounge and other public areas.
( Agency Pilot Software Ref: 50530 )
Location
The hotel is situated in an outstanding trading location fronting the A534 Nantwich Road just 150 metres from Crewe Mainline railway station, which is a major interchange for the West Coast Mainline service providing direct and regular services to London and Manchester with journey times of approximately 1 hour 30 minutes and 30 minutes respectively.
Accommodation
36 letting bedrooms
Terms
Fixtures, Fittings and Equipment We are advised that all fixtures, fittings and other items associated with the running of the business will be included within the sale. All appliances are untested and the purchaser should satisfy themselves that all equipment is in full working order.
Fire Risk We have assumed that a suitable and sufficient fire risk assessment has been carried out under the regulatory reform (Fire Safety Order 2005). This assessment needs to be recorded in writing where there are five or more employees.
Business Rates The business rates are payable to Cheshire East Council. We understand that the rateable value for the year commencing 1st April 2017 for the hotel is £42,500 and for the corner bar is £20,250.
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 in this regard.
Licenses We understand that the hotel benefits from a premises license. Stock in trade The stock in trade is to be purchased in addition at cost and at valuation upon the day of completion.
Asking Price The hotel is to be sold by way of an asset sale of the freehold interest in the property as a going concern hotel, bar and function business off a guide asking price of: Offers in the region of £1.6m to include the goodwill and trade contents
EPC Available upon request
Specification
• Busy Corner bar with 300 Capacity with seating for 50
• Langtry’s function & event suite with a capacity of 300 and up to 150 covers for weddings and functions
• Comfortable Residents’ lounge
• Possible alternative use STPP