Grovefield Manor Hotel, 18 Pinewood Road, Branksome Park, Poole, BH13 6JS

Property Details: • Type: 6,782 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Attractive 13-bedroom hotel • Freehold available • Located in very sought after location • Two self-contained flats • Immaculate inside and out • GIA of 6,782 sq ft (630 sq m) • 14 parking spaces • Lapsed planning to raise roof and create additional accommodation

Location: • Nearest Station: Branksome Station • Distance to Station: 1.2 miles

Agent Information: • Address: Savills, Mountbatten House,1 Grosvenor Square Southampton SO15 2BZ

Full Description: DescriptionThe property comprises a Victorian three storey brick built building with tile hung gabled end sections, with double UPVC glazing under a pitched slate tiled roof. There is also two single storey pitched adjoining buildings. Inside the main hotel there are 13 en-suite bedrooms and two self-contained apartments. We understand there is lapsed planning permission (REF: APP/14/01096/C ) to raise the roof of the single storey element and create an additional floor of accommodation.The rooms are in excellent condition throughout and are airy and elegant, with high-end linens, modern artwork and en-suite bathrooms with power showers and designer toiletries. All have free WiFi and flat-screen TVs.LocationGrovefield is located in an excellent sought-after location in Branksome within walking distance of Branksome Chine, Alum Chine, Sandbanks and Westbourne. The immediate area is mixed with a public house, hotels, care-homes and high end residential all within close proximity.The BusinessThe hotel is a top tier guest house catering for a niche target market. It has excellent reviews including 4.5/5 stars from 340 reviews on Tripadvisor. Many of the staying guests are formed from repeat business. Tariffs fluctuate depending on the time of year but can be as high as £275 a night during peak summer months. Average Achieved Room Rate (AARR) is approximately £100 night inclusive of VAT and breakfast. Occupancy again fluctuates depending on the time of year but is close to 100% in the summer and 50% in the winter months. We understand turnover for the business is in the order of £350,000 (gross) but the hotel is run as a lifestyle venture and therefore will suit an enterprising owner operator who wishes to continue with the business.Guide PriceWe are seeking £2,250,000 for the Vendor’s Freehold interest.VATVAT is not applicable as the rate will be treated as a TOGC.PlanningWe understand the property operates under a C1 Hotel use. We understand the property is not listed nor located in a Conservation Area. Lapsed planning has been granted under REF: APP/14/01096/C.LicensingThe property has been granted a Premises Licence in accordance with the Licensing Act 2008.RatingThe subject property is entered in the 2017 Central Rating List with a Rateable Value of £15,500. Please check for up-to-date information on rates payable.ViewingsFormal viewings can be made strictly by appointment with Savills or our joint agent’s, StQuintin Property Group. Where appropriate, we recommend interested parties carry out a discreet customer inspection in the first instance. We kindly request that no approaches are made to staff or the business directly, where applicable.Anti-Money LaunderingRegulations require Savills to conduct various checks on purchasers and tenants. Further details are available upon request.