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Ripon Spa HotelPA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

A N O U T S TA N D I N G O P P O R T U N I T Y

T O A C Q U I R E A R E N O W N E D Y O R K S H I R E H O T E L

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

Executive Summary

This is an outstanding opportunity to acquire a renowned Yorkshire hotel

in a desirable trading location.

Strong regular repeat custom based on its standing in the Ripon area with

obvious potential to further develop the trade, particularly with additional wedding

and special event business following a refurbishment to a purchaser’s specification.

40 letting bedrooms and a range of public rooms.

Net turnover of £1,169,517 for year ending 30 April 2018

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

Location

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Ripon Spa HotelThe Ripon Spa Hotel is at the heart of the

ancient cathedral city of Ripon, known as the ‘Cathedral City of the Dales’, situated on the A61 and 11 miles north of Harrogate.

Ripon is a popular destination in North Yorkshire and is noted for its scenic 7th century cathedral, home to the throne of the Bishop of Leeds; its weekly market; links with Lewis Carroll and its Police and Prison Museum; as well as its ceremonial Hornblower tradition where the Hornblower has set the watch in the Georgian and medieval market square in an unbroken tradition spanning 1,100 years.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

The ancient city of Ripon sits at the eastern gateway to the Yorkshire Dales National Park and Nidderdale, designated an Area of Outstanding National Beauty (AONB).

The city also boasts Yorkshire’s garden racecourse, a flat-racing magnet for locals and visiting parties alike.The hotel’s proximity to the cathedral lends itself to being a magnificent location for weddings, with its grand setting, gardens, sprung dancefloor and spacious public rooms.

In addition to Ripon’s own attractions, it is conveniently close to the magnificent ruins of Fountains Abbey and adjoining Studley Royal water gardens and parkland and the Lightwater Valley theme park. Fountains Abbey, minutes away, is a UNESCO world heritage site and is one of the largest and best-preserved Cistercian monasteries in England, attracting around 350,000 visitors a year.

Location

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

History and

Reason for Sale

The hotel was opened in 1906, although the plans for the hotel were in place from 1898 when the creation of a spa in Ripon was begun following the discovery of suitable water only 3 miles away at Fountains Abbey. Whilst the spa status of Ripon did not last, the hotel continued to trade successfully long after the spa closed in 1947, adapting to the changing tourist requirements of the next 100 years.

The property has never been on the commercial market since that time, giving potential buyers a unique opportunity to take the Ripon Spa Hotel forward and enhance the Ripon hotel market.

The hotel’s Turkish baths, which led to its ‘Spa’ name, were converted into the Turf Tavern, a public bar bistro with horse-racing decor, to complement the more formal dining room and reflect the changing environment of Ripon.

The hotel is run under family ownership and management and the owners have decided to move away from the hotel industry.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

the Property

The Ripon Spa Hotel comprises an Edwardian era classical high society styled hotel, operated for over 100 years without commercial sale, building a respected and reliable name for itself within Ripon and beyond.

P U B L I C A R E A S

At the entrance to the hotel is the large reception area, proceeded by a wide corridor leading right off the reception to the Fountain Room, which seats approximately 30 people. This is connected to the Garden Room that acts as a conference/meeting room for 30 people.

Along the corridor and beyond reception is the middle lounge, through which the Terrace Room is accessed, which has a timber dancefloor with a lift-out carpet section. This room is used as the hotel’s main dining room and can accommodate functions for approximately 75 people.

The Terrace Bar with bar servery can seat 20 people with ample standing room. Beyond is the Ballroom which can accommodate banquets for 180 people.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

All the public rooms previously mentioned are interconnected and can be subdivided in various ways to provide a flexible range of meeting, conference and dining areas.

The self-contained Turf Tavern Bar Bistro is a ground level single storey ‘L’ shaped building with direct access to the car park and in an ideal location to benefit from passing trade. The well-lit bar lounge can comfortably seat approximately 25, with additional standing room.

L E T T I N G B E D R O O M S

There are 40 letting bedrooms at the hotel, arranged as follows:

Four poster 2 Small Double 4

Double 13 Twin 15

Family 2 Single 4

Total 40

All bedrooms have en suite bathrooms and are equipped with telephones and televisions.

Some of the supplementary accommodation at the upper floor level offers scope to be converted to additional letting bedrooms.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

S TA F F A C C O M M O D AT I O N

There is a staff flat on the first floor, comprising of a lounge area, bedroom and en suite bathroom.

On the second floor of the building there is a spacious flat, comprising lounge, bathroom, two bedrooms and fully equipped kitchen.

In addition, there are six staff bedrooms sharing one bathroom and separate toilet on the second floor of the main hotel.

E P C

E X T E R N A L

The site extends to approximately 5.75 acres and comprises of beautifully kept gardens as well as a substantial car park suitable for 50 cars located at the front of the hotel.

Part of the grounds are currently being used by the local croquet club and are set out as 3.5 croquet lawns.

L I C E N C E S

It is understood that the hotel has a premises licence and a civil marriage license.

T E N U R E

The property is held freehold.

S E R V I C E A R E A S

The service areas are laid out on the ground floor of the property. There is a well-equipped main kitchen area with gas fired ranges and stainless-steel work surfaces. There is a pot-wash with the chef’s office in one corner.

From the ballroom in-and-out doors lead to a washing up area adjacent. There is a separate preparation room, a still room, and two large stores. In the basement there is a wine store, and an additional four storage rooms. To the rear of reception is a further store room. A separate manager’s office is also located on the ground floor close to the entrance.

We understand that the property is connected to mains gas, electricity (3 phase), water (metered) and drainage. Heating is provided by a gas fired boiler situated in the basement.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

T H E B U S I N E S S

The hotel achieved a net turnover of £1,169,517 for year ending 30 April 2018. Further financial information is available to seriously interested parties on the back of a signed NDA.

The sale of the Ripon Spa Hotel offers the opportunity to acquire a well-established and popular hotel business located in the heart of Ripon with significant opportunities to grow trade including the potential creation of a restaurant as the hotel is presently without a designated restaurant area.

P R I C E

Offers in the region of £1,750,000 are invited for the freehold with goodwill and trade contents (according to inventory), but excluding personal items. Stock in addition at valuation.

V I E W I N G S

All viewings must be arranged through the sole selling agent, Colliers International. No approach should be made to staff or customers at the hotel.

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Ripon Spa Hotel PA R K S T R E E T • R I P O N • N O R T H Y O R K S H I R E • H G 4 2 B U

DISCLAIMER 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 in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. June 2019.

Colliers International is the licensed trading name of Colliers International Property Advisers LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Julian TroupH E A D O F U K H OT E L S | AG E N C Y

D +44 161 831 3324M +44 7825 891233E julian.troup@colliers.com

Robert SmithsonS E N I O R S U RV E YO R | H OT E L S AG E N C Y

D +44 113 200 1876M +44 7825 171652E robert.smithson@colliers.com

50 George Street London | W1U 7GA

1 Broad Gate The HeadrowLeeds | LS1 8EQ

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