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.
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