For Sale The Old Mill, Langtoft Yorkshire Wolds CONTACT US Attractive easily run country hotel business Viewing is strictly by prior appointment with Colliers International through: Beautiful Yorkshire Wolds location 8 letting bedrooms and new three-bedroom cottage Peter Bean Hotels 0113 2001890 07836 719376 Established profitable trade plus high income from RHI and feed in tariff peter.bean@colliers.com Property Ref: 305616 Colliers International 1 Broad Gate, The Headrow Leeds Offers around 595,000 Freehold LS1 8EQ www.colliers.com/uk/hotels
The Old Mill, Mill Lane, Langtoft, Driffield, YO25 3BQ The Old Mill is an attractive country hotel with a recently created, fully selfcontained three-bedroom cottage, lovely rural views and a scaled-back food service, the owners preferring to operate the business on more of a lifestyle basis than previously. Situated in an area of beautiful yet easily accessible Yorkshire Wolds rolling countryside, The Old Mill is well located to attract both leisure and business based bedroom trade. Indeed, it is very handy as a base for the Wolds and numerous coastal and country towns including Bridlington, Scarborough, Malton (and Castle Howard), Driffield, Pickering and Beverley whilst for those keen on cycling and walking the quiet lanes and footpaths of the Wolds are a joy. The owners acquired The Old Mill in 2005 and have operated as a country hotel, restaurant and function venue until recently when they converted part of the premises to a superb cottage and scaled-back on the dining trade to operate more of a lifestyle business. The sale therefore, offers buyers a marvellous country lifestyle business with the opportunity to do more dining trade as preferred. THE PROPERTY The Old Mill is an attractive detached property with accommodation arranged on ground and first floors. A major project was undertaken recently, converting part of the property to create a marvellous fully self-contained cottage. Other recent works include installation of a biomass boiler and solar roof panels, creation of a new access drive, landscaping, fencing and refurbishment of the ladies and gents cloakrooms. PUBLIC AREAS Entrance from the gravel car park leading to a well-appointed and spacious L-shaped lounge with hotel reception counter, lounge seating and a bar counter with servery behind. Through to the attractive dining room for up to 45 diners. A hallway off the lounge leads to wellappointed ladies and gents cloakroom facilities. LETTING BEDROOMS 8 letting bedrooms to sleep 16 (all double or twin). All have en suite facilities, 6 with bathroom/wc with shower over the bath and 2 with shower room/wc. All bedrooms have central heating, television, hairdryer and tea and coffee making facilities. THE COTTAGE The property includes a fully self-contained cottage with a high standard of accommodation comprising a superb living kitchen, dining room and lounge on the ground floor and three double bedrooms on the first floor. Each bedroom has its own en suite facility, two having bathroom/wc with shower over the bath and one having a shower room/wc. Please note, planning permission was granted in 2015 for change of use of the hotel to form four self-catering holiday units. The owners have chosen to create one cottage and to live in it whilst retaining a scaleddown version of The Old Mill business. SERVICE AREAS Spacious well-equipped commercial catering kitchen and adjacent washup and refrigeration room. Laundry and ironing room, beer store and general store. The beer store is no longer required and provides potential for creating of a reception office. OUTSIDE Lawned frontage with mature trees and side driveway leading to the rear gravel car park, flagged patio and ornamental pond. The Cottage has its own private lawned garden. LICENCE Premises Licence.
The Old Mill, Mill Lane, Langtoft, Driffield, YO25 3BQ SERVICES The owners have heavily invested in a biomass boiler for central heating and hot water, and solar panels for electricity. Consequently the business benefits from low energy bills. The solar panels also produce feed in tariff income whilst the biomass boiler comes with its own renewable heat incentive income until May 2033 which currently averages over 10,000 pa. Mains electricity and water. LP gas for cooking. Private drainage. East Riding of Yorkshire Council at Beverley (01482) 393939. WEBSITE www.old-mill-hotel.co.uk TRADE From around November 2015 the owners scaled back the amount of dining trade they take on at The Old Mil, operating on a low-key basis to suit their own lifestyle requirements, offering B&B, evening meals to residents and doing some private functions, but on a much smaller scale than previously For the year ended February 2017 they report turnover 120,387 net of VAT. For those looking to increase turnover there is plenty of potential. PRICE Offers around 595,000 are invited for the freehold complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. FINANCE Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved. TO VIEW All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. MILEAGES & DIRECTIONS Langtoft Village about 1 mile, Driffield 7, Bridlington 11, Scarborough 15, Malton 17 and York 29 miles. Travelling north on the B1249 from Langtoft Village, The Old Mill is prominently sign-posted on the left hand side.
The Old Mill, Mill Lane, Langtoft, Driffield, YO25 3BQ Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. June 2017. Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England & Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.