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APPLE TREE HOTEL Viewing Is Strictly by Appointment Through Colliers FOR SALE CONTACT US APPLE TREE HOTEL Viewing is strictly by appointment through Colliers. • 16 en suite letting rooms Ed Jefferson BSc (Hons) MRICS Hotels Agency • Net sales in excess of £245,000 pa 0117 917 2011 • 1.5 acre site [email protected] • Near the Quantock Hills AONB & Exmoor National Park www.colliers.com/uk/hotels • Prominent roadside location Offers in the region of £795,000 – Freehold APPLE TREE HOTEL KEENTHORNE, NR NETHER STOWEY, BRIDGWATER, SOMERSET, TA5 1HZ INTRODUCTION a pitched tiled roof. Superb opportunity to purchase this attractive 16-bed Country Hotel PUBLIC AREAS with a main road location. Set on the main A39 between Bridgwater and Minehead and at the foot of the Quantock Hills AONB, England's A welcoming reception area leads into the main bar with comfortable first designated area of outstanding natural beauty, our clients have seating for 28 with room for more standing around the bar servery. owned the Hotel since 2001. During this time they have transformed This includes a number of alcoves filled with shelves of books and the product and standards into an extremely respected Hotel, referred to as the library. achieving AA 3-star status. The conservatory restaurant can easily accommodate 30 covers and The Hotel currently operates with 16 en-suite bedrooms, an a la carte is accessed from the main bar. This is a space of significant character restaurant, bar and conference room. Current market mix is split that is split over two levels. between corporate and leisure. The Apple Tree offers customers good The meeting/conference room can seat up to 20 theatre style and 12 quality standards in an individual atmosphere. The current owners boardroom style and could easily be used for private dining, it also have chosen to operate the Hotel as a ‘lifestyle’ business only features a large inglenook fireplace. operating for certain aspects of trade, however there is plenty of potential to explore further markets including daytime passing trade, SERVICE AREAS weddings and conferences. The owners have now decided to sell to Large commercial catering kitchen which is comprehensively pursue their retirement plans. equipped. On level cellar and ample storage facilities. There is a one-bedroom owners flat which could be utilised or LETTING ACCOMMODATION converted into further accommodation, there is also an excellent detached 3 bed house in the grounds available for separate purchase The property has 16 en suite letting rooms of the following types: if required. LOCATION The Apple Tree Hotel sits at the foot of the Quantock Hills approximately 5 miles from the busy commercial town of Bridgwater and the M5 motorway. Bridgwater has enjoyed a resurgence lately, one of which is the development of the Hinkley Point Power Station just a few miles away, one of the biggest builds in Europe. As a result of it’s proximity, the Coast, Exmoor and Glastonbury are just a few of the leisure draws. THE PROPERTY Originally a cottage dating back a few hundred years and sympathetically extended over the years the conference room boasts an original inglenook fireplace. The main 2 storey hotel building comprising of rendered colour washed elevations to a series of pitched roofs. The latest additions of a large conservatory restaurant, single storey garden bedrooms and owners flat are built to brick with APPLE TREE HOTEL KEENTHORNE, NR NETHER STOWEY, BRIDGWATER, SOMERSET, TA5 1HZ All the rooms are of a good standard, 6 are located at ground floor Further accounting information will be available only with the and 5 are accessible directly from the exterior making them ideal for vendors permission and after a formal viewing. those working locally or attending weddings. All rooms are equipped with; https://appletreehotel.co.uk/ • En-Suite Bathroom LICENSE • Freeview LCD TV We are informed a premises license is held. • Direct Dial Telephone SERVICES • Luxury Toiletries and tissues We are informed main electricity and water are connected. • Free High Speed Wi-Fi LPG Tank gas is used for cooking and there is oil fired central • Hairdryers heating, drainage is via the properties own bio plant system. • Mineral Water/boiled sweets PRICE • Tea and Coffee making facilities Offers in the region of £795,000 is sought for the freehold • Lightweight yet toasty duve property complete with goodwill and trade contents (subject to inventory), but excluding personal items. Stock at valuation in addition. PRIVATE ACCOMMODATION One bed owners flat. There is also an excellent 3-bed detached house available for separate purchase. OUTSIDE Set in grounds of approx. 1.5 acres and mainly set to lawn, the mature well-established gardens are plentiful with shrubs, flower beds and several trees including a feature Eucalyptus. There is also an outside seating area overlooked by a modern water feature. Tarmac parking area. BUSINESS Our clients trading profit and loss accounts show net sales of £245,742 to the year-end 31st August 2018. A gross profit of Owner’s House £202.981 was shown equating to a gross profit percentage of available via separate negotiation 82.6% an enviable margin. A net profit for the year of £54,739 was shown however once costs specific to our clients are added back to the calculation it is possible to show an adjusted net profit of £93,155. APPLE TREE HOTEL APPLE TREE HOTEL KEENTHORNE, NR NETHER STOWEY, BRIDGWATER, SOMERSET, TA5 1HZ IDENTITY CHECKS In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser at the relevant time. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved. TO VIEW All appointments to view MUST be made through the vendors’ agents who are acting with sole selling rights. DIRECTIONS The property is located on the A39 approximately 5 miles from Bridgwater and just a short distance from the Quantock Hills AONB. FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Ed Jefferson BSc (Hons) MRICS, FAVLP Tel: 0117 917 2011 Email: [email protected] Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. AUG20. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509. Our registered office is at 50 George Street, London W1U 7GA. www.colliers.com/uk/hotels.
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