Tue, 01 Feb 2022 | COMMERCIAL PROPERTY
The Moorhill House Hotel in the town of Burley in the New Forest National Park has been put up for sale with an asking price of £2.975 million. The 31-bedroom hotel, which dates back around 150 years and was originally built as a private residency, is set in 1.4 acres of land.
The 31 bedrooms are fully fitted and en-suite, with 23 rooms set across the first floor of the hotel and eight on the second floor. In addition, the hotel features a swimming pool, sauna, bar and restaurant, landscaped gardens, parking for 45 vehicles and three staff bedrooms.
The hotel is also a well-established wedding venue, with a pavilion in the gardens licensed for civil marriage ceremonies. It hosted 33 weddings in 2018 and a further 46 in 2019. According to property agents Christie & Co, who are leading the sale: “There is significant scope to develop the wedding business at Moorhill either on an exclusive letting basis or for smaller weddings in the two function rooms whilst trading the accommodation to hotel guests.”
The sale represents the first time the hotel has been on the market for close to 40 years, after it was most recently acquired by New Forest Hotels in the early 1980s. In 2018, the current owners undertook £140,000-worth of refurbishment to the majority of the hotel’s bedrooms, as well as the bar and restaurant area.
Moorhill House Hotel is well located in the picturesque New Forest National Park, near the popular tourist destination of Burley. The hotel is situated in a secluded setting, offering extensive forest views, but also enjoys good access to the A31, the main road through the New Forest.
In addition to its busy tourist trade, the hotel also sees strong demand from business guests, with an 80 per cent to 20 per cent mix of leisure and corporate business. The hotel’s conference facilities and event space help drive corporate business, which peaks in the summer months. Overall occupancy peaks during school holidays, with the hotel popular among families, while off-peak months see the most repeat bookings, with a strong customer base among an older demographic.
One of the best ways to find properties below market price is to look at recent administrations.
The well established business opportunity originally opened its door over 25 years ago, and has been under the current ownership. During that time, they built up an excellent reputation and loyal customer base within the local area.
LEASEHOLD
An opportunity has arisen to acquire a reputable and successful business operating at the forefront of the leisure market. Supplies an extensive range of products for trade and DIY vehicle conversions, including roofs, fittings, wood, and complementa...
LEASEHOLD
Due to the affluent location, an excellent local reputation and diverse treatment offering, the company has shown resilience to wider economic troubles and has increased turnover consistently – showing highly profitable and optimistic opportunities f...
LEASEHOLD
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources