Unicorn Hotel, Sheep Street, Stow on the Wold, GL54 1HQ

The Hotel is situated at the junction of the A436 (Sheep Street) and the A429 (Fosse Way) occupying a visible corner location with the surface car park serving the property located immediately opposite. Stow-on-the-Wold is close to numerous historical towns and villages including Stratford -Upon-Avon, Moreton-in-Marsh, Bourton-on-the-Water and Cirencester.

The Hotel has been converted from a number of adjoining buildings predominantly facing Sheep Street with a return frontage along the A429 (Fosse Way). The sale includes an adjacent surface car park with capacity for approximately 40 cars. An ownership plan is included within these particulars for information purposes. The property is constructed on a maximum of cellar, ground, first and second floors and is principally built of Cotswold Stone under pitched Cotswold Stone roof tiles and various parts of the property are believed to date from 17th, 18th and 19th centuries. The property is Grade II Listed. Parts of the hotel have been refurbished over recent years including the restaurant and public bar areas in addition to the central heating gas fired boilers which are housed within a recently constructed building to the rear. The main hotel has a site area of approximately 0.24 acres (0.098 hectares) with the surface car park providing a further 0.38 acres (0.154 hectares).

Interested parties are referred to the hotel website www.birchhotels.co.uk where further information can be found. There are a total of 20 letting rooms (19 double and 1 single) in addition to attic accommodation for approximately 7 staff members. The 'Rugby Room' is unconverted and currently used as storage although it is considered that this area could be adapted for further staff or letting room accommodation. The hotel is AA 3 star (75%) rated with 1 rosette for the restaurant. The hotel mainly targets the leisure market, notably the short break market. There is some commercial business. Our client has owned the hotel since 2004 where we confirm total net turnover as follows:
£XXX (2004)
£XXX (2005)
£XXX (2006)
£XXX (2007)

Special Notes

• A premises licence prevails.
• The property is Listed Grade II and is situated within a conservation area.
• Various planning consents for alterations to the property exist although some have not been implemented.
• Cotswold District Council have recently refused a planning application to convert the listed building to residential accommodation with the application also including the provision of 10 new houses on the car park.
• The car park is included in the sale although will be sold with a restrictive covenant allowing for car park use only and also a right of access in perpetuity to the residential property adjoining the car park (Four Ways Cottage) which is owned by our client and not included in the sale.
• Our client also owns further property in Sheep Street, not included in the sale but adjacent to the Unicorn. These properties comprise Cotswold Cottage together with a part converted barn to the rear and adjoining lawned area