The Dubrovnik Hotel is an attractive detached three storey traditional former mill owner’s residence with a contrasting two/three storey extension. The property appears to have been well maintained and is well presented. The public areas are mainly laid out over the ground floor with the letting bedrooms located on the ground, first and second floors.
( Agency Pilot Software Ref: 50499 )
Location
The Dubrovnik Hotel is situated close to the award winning Lister Park, just 1.5 miles from the centre of Bradford and 0.5 miles from Bradford football stadium, 9 miles from Leeds Bradford International Airport and 9 miles from Leeds city centre. The hotel is well located for both commercial and leisure visitors to the area given that it is conveniently situated for a wide range of amenities and attractions including Bradford Royal Infirmary, Bradford football Stadium, the University of Bradford, the National Media Museum, Odsal Stadium and the White Rose shopping centre.
Accommodation
Public Areas
The hotel is approached via a covered entrance foyer with automatic doors leading to a large open plan reception lobby which in turn provides access to the hotel’s public areas including the lounge bar, restaurant, conference & banqueting facilities and the letting bedrooms. The business offers a comfortable lounge bar with a feature bar servery and seating for approximately 35 guests. The hotel’s restaurant has a number of attractive original features including a feature fireplace and original ornate ceiling cornices with contrasting contemporary décor. Circa 110 covers. The Dubrovnik Hotel has built up a good local reputation as a conference and banqueting venue hosting many regional conferences, events and parties. The conference and banqueting facilities include the impressive Corinthian suite which is Licensed for 350 however can seat up to 250 guests with its feature circular room, independent bar, dancefloor and separate WC facilities. For smaller events, the Times Suite can host up to 80 guests, also with its own bar and WC facilities
Terms
Business Rates The business rates are payable to Bradford Council. We understand that the rateable value for the year commencing 1st April 2017 is £31,500.
Planning We understand that the property has a valid consent for its current use. However we would advise interested parties to make their own enquiries with the local planning authority in this regard.
Trading Information The business generates revenue from a range of income streams including letting accommodation, food & beverage as well as conference & banqueting. The net turnover for the 12 months to the 31st March 2020 was £761,176 excluding VAT.. Further detailed trading information will be made available to seriously interested parties upon request and upon receipt of a completed and signed non-disclosure agreement (NDA).
Alternative Use Whilst it is likely that the hotel will be of interest to hoteliers and operators for continued use, it is conceivable that the property might also be of interest to speculators and developers for alternative use subject to obtaining planning permission and any other necessary consent.
Stock in trade The stock in trade is to be purchased in addition at cost and at valuation upon the day of completion
. Fixtures, Fittings and Equipment We are advised that all fixtures, fittings and other items associated with the running of the business will be included within the sale. All appliances are untested and the purchaser should satisfy themselves that all equipment is in full working order.
Fire Risk Assessment We have assumed that suitable and sufficient fire risk assessment has been carried out under the regulatory reform (Fire Safety Order 2005). This assessment needs to be recorded in writing where there are five or more employees.
Specification
- Lounge bar 35 & restaurant 110
- Conference & banqueting facilities for up to 350 guests
- 2 bedroom staff apartment
- Scope to grow and develop trade
- Possible Alternative Use (STPP)
- Circa 40 car parking spaces
- Net turnover £761,176 for the year ending 31st March 2020