Fleurets have been instructed by Hopes Auction Company Limited to market the 22 bedroomed Golf Hotel in Silloth, Cumbria at an asking price of £695,000.
The manager, Gary Conlan, comments, “I have been running the hotel for three years and have started to make improvements in profitability. I have supervised a refurbishment program of the whole of the first floor, creating 12 letting rooms. The hotel has many potential revenue sources, firstly local trade from the bar and restaurant and especially the function room. The hotel rooms attract both leisure and business trade. Being so close to the famous golf course and Hadrian’s Wall’s cyclist route, these are just two of the local attractions that help generate business.”
All 22 bedrooms are en-suite and there is a lounge/dining room for 70 covers, a separate meeting/breakfast room for 30 covers, together with a function room. In addition the property benefits from rental income from 3 sources: Solway Private Hire taxis, a 3 bedroomed cottage and a small retail unit.
Client’s profit and loss accounts are available showing an established turnover for the last three years.
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