FOR SALE An exciting opportunity to acquire On the instructions from Joint Administrators of BDO LLP. Mytton Fold Hotel Whalley Road, Langho, Blackburn, BB6 8AB Summary Freehold; Extensive facilities - 65 Cover 43 En Suite bedrooms; Established business with opportunity Restaurant, Bar, Lounge and Six to improve trading performance. Attractive 3 full serviced hotel; conference rooms with a maximum Fully licensed wedding venue; capacity in the main suite of 290. Set in the heart of the Ribble Valley; Extensive car parking; Mytton Fold Hotel For sale on the instructions of K Bailey and L Causer of BDO LLP, Joint Administrators of Mytton Fold Farm Hotel Ltd, Whalley Road, Blackburn, BB6 8AB (In Administration). It should be noted that adjacent to the hotel building is a substantial detached house that is privately owned and not under the control of the Joint Administrators. It is, however, available to buy by separate negotiation. Furthermore the adjacent golf course is not under the control of the Joint Administrators and, therefore, is not being offered for sale with the hotel. Nevertheless, the owners of the golf course might consider a separate sale of part, or all, of the course to parties expressing a serious interest in the hotel. Introduction Avison Young is delighted to offer for sale, on an exclusive basis, the freehold interest in Mytton Fold Hotel in the Ribble Valley, which is an attractive full service hotel with extensive facilities. The hotel provides prospective purchasers with an excellent opportunity to acquire an established business with scope to improve trading performance. Yorkshire Dales A65 National Park Forest of Bowland M6Location Skipton A59 Mytton Fold Hotel is well located in a relaxed rural setting just outside of the settlement Additionally, the south border of the Lake District is situated circa 50 miles north of the boundary of Langho in the Ribble Valley within relatively close proximity to the M6 and Mytton Fold Hotel. The Lake District is the UK’s largest National Park and has been a World wider motorway network. The closest urban area is Blackburn,A682 which is situated 9.3 Heritage Site since 2017 joining other iconic locations. Attractive towns such as Kendal M6 A56 km (5.8 miles) to the south of the hotel and has a journey time of circa 15 minutes by and Windermere, which are located within the world heritage site, can be reached from Clitheroe car via Whalley Road and 13 minutes via a direct train from Langho. Preston is situated the Mytton Fold Hotel in around 60 minutes and 120 minutes respectively. approximately 19.3 km (12 miles) to the westA59 of the hotel and is accessible by car in under Mytton Fold M65 30 minutes. Other major Hotelurban centres such as Liverpool, Manchester and Blackpool can Langho is a small rural village in the Ribble Valley, Lancashire with a population of circa Whalley all be reached within 1 hour, while the journey time to Leeds is circa 1 hour 15 minutes. 2,000 people. The village is home to Church of England and Roman Catholic Primary A671 M55 Langho Schools, a post office, convenience store, pharmacy and a couple of local restaurants. All journey times are approximateA59 and dependA680 on traffic levels. M6 Burnley Great Langho Station is a 10-minute walk from the hotel and is one of four stations along the Harwood M65 Preston A677 Ribble line from Blackburn to Clitheroe. The station has maintained transport links with Approximate Salmesburydriving distancesBlackburn & time Miles Time A56 existing bus services and has its services provided by Northern. Generally there is an hourly A646 A59 Blackpool A666 30 40 minutes service northbound to Clitheroe and southbound to Blackburn and Manchester Victoria M65 with extra trains during peak hours and on the weekends in summer. Manchester 32 55 minutes Liverpool 45 60 minutes In terms of business activity at the Mytton Fold Hotel, there is substantial industrial activity within the surrounding area. The Samlesbury Aerodrome, which is owned by defence Leeds 48 76 minutes company BAE Systems who use the site for the manufacturing of several aircraft, is situated just 13 minutes to the west of the subject hotel. Currently BAE employ 3,000 people at the site and, therefore, this gives rise to potential business opportunities at the Mytton Fold Yorkshire Dales A65 National Park Hotel. In addition the Time Technology Business Park is situated circa 6 miles to the South East of the Mytton Fold Hotel and further increases the possibility of business customers. Forest of Bowland M6 Skipton A59 River Ribble Old Langho Whalley A671 A682 M6 A56 A59 Clitheroe Whalley Road A59 Mytton Fold Mytton Fold M65 Hotel Hotel Billington Whalley A671 M55 Langho Whalley Road M6 A59 A680 Great Burnley Whalley Old Road Harwood M65 Longsight Road A677 Preston Salmesbury Blackburn A59 A56 A646 A59 A666 Langho M65 River Ribble Old Langho Whalley A671 A59 Whalley Road Mytton Fold Hotel Billington Whalley Road Whalley Old Road Longsight Road A59 Langho Description This attractive full service hotel boasts 43 en suite bedrooms and has previously been The hotel’s bedrooms are located over ground and first floors and can be reached from a winner of Lancashire’s small hotel of the year. The land on which the hotel is based the public areas. Access to the first and second floors, in the original building, is by stairs was originally farmed by the same family for over 20 years before they founded Mytton only; however there are accessible rooms located on the ground floor, and a lift in the Fold Hotel in 1982. Despite a growth in the number of rooms over the following years more recent bedroom wing to the rear of the property. The Abbey Suite is the hotel’s the key focus remained on maintaining personal family business. In 1994, Mytton Fold largest function room and can accommodate up to 290 conference guests. It is located at Hotel broadened its offering to include both a golf club and wedding facilities and we the front of the property with its own external entrance and commercial kitchen. The five understand became the first hotel in Lancashire to be awarded a licence for Weddings and additional function/meeting spaces can host from 10 – 120 guests. Civil Partnerships. In order to maintain competitiveness, Mytton Fold Hotel adopted the Best Western Hotel brand under a marketing consortium. Externally, the hotel has extensive parking. There are garden areas at various points around the hotel building. The hotel’s site is circa 6 acres. The hotel has double entrance doors that lead directly into a smart reception area from which the bar, lounge and restaurant can be accessed. Corridors lead from reception and run around the hotel making all areas of the building convenient for guests to reach. Accommodation Public Areas The hotel’s bedroom inventory is as follows: The hotel has a bar and lounge that provides guests with a range of comfortable seating and tables. At one side of the lounge is access to male and female WC’s. Category Number Adjacent to the bar and lounge is the Fold Restaurant, which is a 65 cover restaurant Family 10 offering breakfast, lunch and evening dining options. The restaurant specialises in Black Rock Stone Steaks and provides a homely dining experience, serving guests all year round. Double 15 The Fold follows the same ambience as the lounge and bar boasting exposed beams that Twin 9 present an appealing setting to dine in. Executive 9 Total 43 All of the bedrooms are en suite and have flat screen televisions, tea and coffee making facilities, free Wi-Fi and workspace with a desk and a chair. The bedrooms present to various standards and there are three rooms on the ground floor that are classified as fully accessible and were recognised with the hotel by the Access for All Tourism Award 2012 and the NAS Level 2 Award. Meeting and function facilities The hotel has a good range of meeting and function facilities as follows: All of the facilities benefit from natural light. Theatre Banquet Boardroom The Abbey Suite can accommodate up to 290 delegates for any one conference event (330 Room Capacity Capacity Capacity Wedding capacity) and the hotel has developed strong relationships with local businesses often with repeat bookings from corporate clients. The Abbey Suite (274.1 sqm) 290 270 - The Raikeside Room (123.2 sqm) 120 80 40 Service Areas The Ribble Suite (93 sqm) 60 78 40 There is a well-equipped commercial kitchen that serves the Fold restaurant. There is a further large commercial kitchen that serves the Abbey Suite. There are management The Cronkshaw Suite (60.5 sqm) 60 40 20 offices on the first floor of the hotel. Housekeeping rooms are situated in various positions The Calder Room (33.9 sqm) 35 30 15 around the hotel. The Hodder Room (22.4 sqm) 25 20 12 Trading Information Fixtures & Fittings Management accounts for the 12 month period to March 2019 show a total turnover of We are advised that, unless stated elsewhere, all trade fixtures, fittings and other items £1,299,999. associated with the running of the business are owned outright and shall be included within the sale, with the exception of normal trade items. All appliances are untested and Before administration the hotel was operated on an owner/operator basis. There is a a purchaser should satisfy themselves that the equipment is in full working order. marketing consortium agreement with Best Western. We are advised that notice was served by the owners in April 2019 to terminate the agreement with effect of 31 December 2019, although we understand that the notice has been rescinded and the hotel now benefits Licences from a rolling monthly agreement as Best Western is willing to continue supporting the We understand that the hotel has the benefit of a premises licence and relevant wedding hotel whilst the company is in administration.