Overview
- Updated On:
- March 22, 2023
Description
Frenchgate Restaurant & Hotel
Richmond, North Yorkshire
Offers Over £1m
Summary
Award winning, highly regarded, well established luxury hotel in the heart of Richmond town centre
Grade II listed, dating back as early as 1650, there is fantastic opportunity to develop the property further and increase trade further
Key Features
Fantastic opportunity
Nine letting rooms
Boutique hotel
Fine dining restaurant
Stunning location
Profitable business
Finest hotel in Richmond
Impeccably presented
Private car park
FULL planning
Opportunity
Frenchgate Restaurant & Hotel is the finest boutique hotel in Richmond
Beautifully presented, offering the highest standard of accommodation, food and service
Wonderful opportunity for an owner operator and or a welcome addition to a boutique hotel portfolio
The property lends itself for further development, with FULL planning permission for adding 3 more guest bedrooms, expansion of public areas
Potential for a further property in the garden, offering a significant increase in expected revenue
Location
Frenchgate is a cobbled road within Richmond town centre, offering stunning views throughout
The hotel has private off street parking for up to ten vehicles
Richmond, gateway to the world-famous Yorkshire Dales, is one of Britian’s most beautiful towns, voted Best Town in Britain (2009) and founded nearly 1,000 years ago, boasting it’s ‘Norman Castle’, one of the finest tourist attractions in North Yorkshire together with the oldest fully restored and operating Georgian Theatre in the world
Internal Details
Originally two properties, number 61 dates back to 1650, number 59 1750
Please see the attached floorplans for more details
External Details
Stunning walled gardens, west facing
There are two private car parking areas
Fixtures & Fittings
All fixtures and fittings not personal to our clients are included in the sale
Development Opportunity
FULL planning is currently in place for adding three further letting rooms and extending the public areas
The property could be converted into holiday flats, subject to planning permission being granted
Drawings for four – two bed apartments, and two – three bed apartments are available
Tenure
Nationwide Business Sales are delighted to offer ‘Frenchgate Restaurant & Hotel’ to the market at ‘Offers Over £1m’
Please call or email to arrange your viewing now, as offers close no later than Monday 17th April
We expect the property to achieve circa £1.2m
Staff
All staff are subject to TUPE
Financial
Average rooms rates are £150 per night
Occupancy rates are over 70%
Full accounts are available upon viewing the property
