Available by Informal Tender - Substantial Country House Hotel - Offers Invited

Extra Details

FEATURES
• Substantial country house hotel
• Offers invited
• Set in parkland grounds
• Turnover Oct 2020 to Dec 2022 £5,000,000
• Opportunity to acquire existing lease
• Freehold may be available to purchase
• Existing lease expires 2026
• Centrally located in the UK
• Potential to extend the existing lease
• 100+ bedrooms plus leisure and conference

OVERVIEW

The opportunity has the following multiple facets for parties to consider and explore by way of tripartite discussions with our client and subject to reaching an agreement with the Landlord.

The purchase of the residue term of the existing lease which expires in 2026 subject to Landlord approval.

The purchase of the residue term of the exiting lease and the right to enter into the tripartite negotiations to discuss securing a new long lease under terms to be agreed with the landlord.

The purchase of the residue term of the exiting lease and the right to enter into negotiations to discuss the acquisition of the Freehold interest at a price to be agreed with the landlord.

Such rights title and interest the company possess in the F&F and stocks in the hotel.

The hotel is operated by a dedicated on site team of Directors and staff.

The property is centrally located in the UK.

Offers
Offers are invited for all such right title and interest the Company has in the current lease and the ability to enter into discussions to explore the other options as mentioned above.

Timescales
The Administrators are not under short timeframe pressure in respect of treating with parties desirous of looking at this opportunity, however given we anticipate there will be strong interest expressed in this business we would recommend that parties wishing to look further at the Company and its assets do so in a timely manner. Any sale will be contracted by the Administrator and will exclude Company liabilities other than the employees who would transfer under TUPE.

Further Information and Contact Details
Further Information will be provided on receipt of a signed Non-Disclosure Agreement.

To register your interest and receive the Non-Disclosure Agreement please contact chris.roper@johnpye.com