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25 Main Street, Crawfordsburn , Bt19 1Jh

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25 Main Street, Crawfordsburn , Bt19 1Jh CRAWFORDSBURN ESTABLISHED 1614 15 - 25 MAIN STREET, CRAWFORDSBURN , BT19 1JH FOR SALE BY WAY OF PRIVATE TREATY INTRODUCTION The Oldest Thatched Inn in Ireland dating back to 1614 has become available on the market for a ‘once in a generation’ esteemed purchase. The hotel has remained under the same ownership for over 37 years and, due to retirement of the owner, is now available to purchase. LOCATION Situated in a very desirable commuter village in North Down, which has recently seen a new housing development of 44 houses and more planned. Set in a very picturesque area on the edge of the ancient woodlands of Crawfordsburn Country Park and waterfalls, 3 and only 10 miles north east of Belfast city centre, The Old Inn is Ariel View perfectly situated for local and passing trade for these attractions as well as the Ulster Folk and Transport museum, Bangor Marina and eleven golf courses, including Royal Belfast, all within a few miles of the Hotel. Nearby Bangor has recently seen a £50million Waterfront Development approved. HIGHLIGHTS • Unique opportunity to acquire one of Northern Ireland’s Landmark Hotel Complexes. • Highly attractive business proposition with a well-established and diverse income stream. • Demonstrable profit proven over a number of years capable of growth in several directions. • Attractive historic building dating back to 1614 in outstanding condition requiring minimal initial capital expenditure due to investment in excess of £10m by the current owners in their 37-year tenure. • Unrivalled food and drink offering, impressive accommodation sales and an established wedding / events business. Leading the NISRA wedding statistics for the highest number of non-ecumenical weddings in Northern Ireland for several years. • 4-Star rating from Tourism NI and 4 Silver Star rating by the AA Hotel’s Guide. DESCRIPTION The accommodation is provided within a landmark mid nineteenth- century building, which has been substantially restored and developed over the years to provide a modern 33 bedroom 4-star hotel. While the bedrooms, dining and banqueting rooms are all maintained to a very high standard, further development of the hotel is possible for future owners to capture emerging growth markets in Northern Ireland tourism and hospitality, with Full Planning already in place for an exciting treetop garden vista (further details available in the information pack), there is plenty of scope for new projects. • 33 En-suite bedrooms - Individually designed with immaculate, decorations and attention to detail • The Parlour Bar – Traditional lounge bar capable of accommodating c.100 customers. • The Lewis Restaurant – This 97-seater restaurant has held x2 AA Rosettes since 2000 and is fitted with outstanding architectural designs. The floor layout is designed to flex with the business and can cater right through to the Parlour Bar and Gallery Lounge on peak days giving a seated capacity of 213 . • Kitchens – 1 Main Kitchen with air conditioning handling over 1000 covers per week, 1 C&B Satellite Kitchen to handle weddings, corporate dining and private family functions. 1 Pastry Kitchen with marble countertop and speciality Oven for sugar/ pastry work and 1 prep kitchen – all with modern equipment throughout, such as Rational Ovens, a ‘Bonnet Maestro’ Cooking Suite, gas hobs and state of the art extraction. • The Majestic Gallery Lounge – Vaulted ceiling and French Georgian décor, licenced for weddings, is the perfect setting for exchanging vows when required and also acts as pre dinner cocktail and piano lounge. With integral bar and garden terrace access. • The Contemporary Verina Suite – Capable of holding up to 200 guests, this superb function suite was redeveloped in 2015 at a cost of £1.75m. • The White Suite – Accommodating smaller weddings and events of around 40-60 guests, this suite and the Verina Suite are both fitted with state-of-the-art audio/visual equipment including apple TV and screen casting. • Garden Terrace – Located to the rear of the property including a stand-alone period cottage with bespoke furnishings and vaulted ceilings, this is where CS Lewis honeymooned in 1958. • Ancillary – Superb back of house facilities including extensive chilled beer and wine stores, laundry room, dry goods, wash up, prep area, staff changing, lockers, toilets and shower facilities. Kitchen refrigerated stores and freezers are monitored by an electronic, cloud-based telemetry system for HACCP and temperature text alerts. • Attractive self-contained offices / admin area located in a stand- alone building capable of conversion to private residential use (subject to planning) • The property is not listed but is located in an Area of Townscape Character. Planning approval LA06/2018/0237/F already in place for an exciting Tree Top Vista which will further develop the banqueting and Wedding trade. Potential change of use could include spa facilities in this development (subject to planning). Further information on the full history of The Old Inn can be found at https://www.theoldinn.com/Our_History. TITLE The title is unregistered and is available for inspection at the offices of O’Reilly Stewart Solicitors (Contact Linus Murray), 75-77 May Street, Belfast, BT1 3JL. Tel no. 028 9032 1000. Email – [email protected] SITE AREA The property sits on a site extending 1.0 acres / 0.41 hectares. An ordnance survey extract is detailed below with the boundaries outlined in red (for identification purposes only). FIXTURES & FITTINGS The Old Inn will be sold with the benefit of all fixtures and fittings. Bidders should inspect the premises. The large appliances are mostly owned outright, however a small list of items such as printers and coffee machines is available on request. STAR RATING / AWARDS The hotel is licensed and has been granted a 4 star rating by the Northern Ireland Tourist Board (NITB). Further information is available in the information pack. The Old Inn was named Hotel of the Year 2017 / 18 (NI) by AA. Visit the following link to view all awards : https://www.theoldinn.com/Awards FLOOR PLANS Floor plans detailing the current layout of the property are available on request. SERVICES The current owners have invested significantly in the services and infrastructure at the hotel. Detailed information on the IT, heating, plumbing and electrical systems are available in the information pack. FINANCIAL INFORMATION Financial information is available to genuinely interested parties only through the selling agent. TUPE The hotel is offered for sale as a going concern and the purchaser will be required to comply with the current TUPE legislation and employment transfer. Information on staff is available through the selling agent. EXISTING BOOKINGS The new owner will be required to honour all existing event bookings / weddings and deposits. RATES The property currently has a Rateable Value of £170,000 (which is due to increase to £180,000 in April 2020), giving a rates liability of £96,872 approx. for the year 2019/20. TRANSACTION The business is being sold via a SPA (Share Purchase Agreement) whereby the shares in Crawfordsburn Inn Limited will be acquired on a debt free / cash free basis. Further details available from the agent. PRICE On application. SALE PROCESS Written offers (soft or hard copies) are to be received at the offices of GVA NI before 12 noon on Wednesday 8th April 2020. Offers to include the following:- • The identity of the purchaser; • The level of offer in a monetary amount; • Details of any conditions (if applicable); • Details of the solicitor who will be acting on your behalf; • Confirmation that your solicitor has inspected title and that they are satisfied in this respect. Please note the vendor is under no obligation to accept the highest or indeed any offer made. The vendor also reserves the right to withdraw the property from the market and deal privately with any party at any stage of the process. CONFIDENTIALITY AGREEMENT A full information pack is available to genuinely interested parties upon signature and return of the relevant confidentiality agreement. A copy of this agreement is available from the selling Energy Performance Certificate Northern Ireland agent. Non-Domestic Building The Old Inn Certificate Reference Number: 15-25 Main Street 0020-0330-5542-0192-5006 Crawfordsburn BANGOR CUSTOMER DUE DILIGENCE BT19 1JH This certificate shows the energy rating of this building. It indicates the energy efficiency of the building fabric and the heating, ventilation, cooling and lighting systems. The rating is compared to two benchmarks for this type of building: one appropriate for new buildings and one appropriate for existing buildings. There is more advice on how to interpret this information on the website for As a business carrying out estate agency work we are required to verify the identity of both the Department of Finance at www.finance-ni.gov.uk. Energy Performance Asset Rating the vendor and the purchaser as outlined in the following:- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - http://www. legislation.gov.uk/uksi/2017/692/made. FOR FURTHER INFORMATION PLEASE CONTACT:- Gavin Weir Director VIEWING [email protected] Telephone: 028 9031 6127 Strictly by appointment only through the selling agent. Mobile: 07795 806315 Technical Information Benchmarks Main heating fuel: Natural Gas Buildings similar to this one could have rating as follows: Building environment: Heating and Mechanical Ventilation If newly built Total useful floor area (m²): 2558 If typical of the Building complexity (NOS level): 3 existing stock Building emission rate (kgCO2/m² per year): 92.59 Primary energy use (kWh/m² per year): 494.46 CRAWFORDSBURN ESTABLISHED 1614 GVA NI Ltd is a subsidiary company of GVA Donal O’Buachalla and a member of GVA Worldwide for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract.
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