Commercial properties

Due to unprecedented demand of buyers and sellers alike, combined with the massively changing economic climate of recent years, more commercial property is coming to the market at more reasonable pricing, attracting investors, established businesses and new entrants into business, has seen Town and Country enter this exciting market.

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Croft Spa Hotel, Croft-on-Tees

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Address :

Croft Spa Hotel, Croft-on-Tees, DL2 2ST
DL2 2ST DARLINGTON

Area : Croft-on-Tees

Selling price	: £ 1,100,000
Charges	: Consult us
Fees	: Consult us

Description :

Croft Spa Hotel, Croft-on-Tees, Darlington, DL2 2ST

For Sale due to Retirement - £1,100,000

Download the PDF for this property

20 en-suite bedrooms with 10 themed rooms
"Raffles" rain forest themed restaurant, seating 70
Two self contained function rooms (250 and 120)
Idyllic Village location
EBITDA 2009 £120,000

The Croft Spa Hotel is in the idyllic village of Croft-on-Tees, close to the North Yorkshire border. The hotel is ideally located for most North Yorkshire tourist attractions. The hotel has been extended over time and offers an imposing facade with rendered elevations under pitched roofs and extending over two floors.

The accommodation comprises main entrance porch through to spacious reception with reception desk and manager’s office to the rear. There is an imposing staircase to the first floor together with ladies, gents and DDA compliant W.C.'s.

Raffles restaurant is set out in a rain forest style and can accommodate 70 covers.

The hotel provides two self contained function rooms (250 and 120 in “Theatre” style), with private entrance to the rear of the hotel.

Fully equipped catering kitchen with all the appliances owned out right by the vendor. Pot wash area and additional preparation space.

Letting Accommodation

Extends over two floors with a total of 20 bedrooms, 10 of which are specifically themed from “Manhattan” style to “Oriental” style.

External

The hotel provides ample parking to both front and rear with additional delivery space to the rear.

The property is connected to all main supplies of electricity, gas and drainage to main sewer.

Purchasers should make their own enquiries as to the state and current supply of such services.

Rating

From an enquiry made of the Government Web Site we were informed that the property is currently entered in the 2010 Rating List with effect from 1 April 2010 at a Rateable Value of £46,500 and described as Hotel and Premises.

Prospective purchasers should check the precise rates payable with the Rating Authority.

Licenses

The Premises Licence allows the opening from:

Monday to Sunday 11am to 2am

Tenure

The hotel is for sale freehold.

TRADING INFORMATION

Trading information to December 2009 shows a net turnover of £741,844 producing an EBITDA of £120,000.

Full trading information will be made available to interested parties who have viewed the business.

Costs

Each party will be responsible for their own legal costs involved in this transaction.

Stock in Trade & Trade Glass

The successful purchasers will contract to pay for stock, glassware, cleaning materials and catering utensils. These will be assessed and valued on completion.

Trade Fixtures & Fittings

The property is to be sold inclusive of trade fixtures and fittings.

VAT

All figures within these terms are exclusive of VAT where chargeable.

Viewing

Strictly by appointment.