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SAVILLS SOUTHAMPTON2 Charlotte PlaceSouthampton SO14 0TB

+44 (0) 23 8071 3900

FREEHOLD HOTEL FOR SALE – GUIDE PRICE £1,500,000

Key Highlights• Operating and fully serviced boutique

hotel with 13 en-suite letting bedrooms, café and bar.

• Views over Portsmouth Harbour.

• Grade II Listed Georgian Building.

• Conveniently located with train, coach and ferry links in close proximity.

• Potential to convert ground and uppers into a variety of uses (STP).

THE SHIP LEOPARD BOUTIQUE HOTEL, 15-16 THE HARD, PORTSMOUTH, PO1 3DT

LocationThe Ship Leopard Boutique Hotel is located on the Hard, near to Portsmouth Historic Dockyard which holds the HMS Victory, Mary Rose and HMS Warrior. Portsmouth Harbour Railway Station and The Hard Interchange Coach Station is situated opposite the hotel, both of which provides transportation to Southampton Central, Brighton and London. Portsmouth Harbour provides ferry services to the Isle of Wight. Gunwharf Quays, the premium retail outlet with the Spinnaker Tower, is also in close proximity.

DescriptionThe Ship Leopard comprises a four storey, Grade II Listed Georgian building dating back to the 19th Century. The hotel has stuccoed painted front and side elevations and brick rear elevations, set under a pitched tile roof with roof dormers to the front and side of the building.

Internally when entering the hotel you are met by an attractive reception and dining area, with bar servery to the right also. A commercial kitchen and ladies and gentleman’s WCs are also provided on the ground floor. There is customer lift which provides access from ground floor to third floor. There is a basement which contains the services for the hotel and various storage areas.

The first floor provides three letting rooms, two of which have views over Portsmouth Harbour, along with office accommodation and store. The second floor provides five bedrooms, two of which have views over Portsmouth Harbour. The third floor provides five letting rooms, again two of which have views over the harbour. All rooms have en-suite bath/shower facilities with WCs and wash hand basin.

The property has an approximate gross internal area of 7,193 sq ft (668 sq m).

Accommodation Schedule Provided below is the current breakdown of rooms.

ROOM NUMBER DESCRIPTION

11 King Suite with side view

12 Standard King with sea view

15 Deluxe King with sea view

21 Compact King with rear view

22 King Suite with side view

23 Standard King with sea view

24 Superior King with sea view

25 Compact King with side view

31 Compact Double with rear view

32 Single Room with side view

33 Standard King with sea view

34 Standard King with sea view

35 Compact Double with rear view

The BusinessThe business has been operated by the current owner since 2014. The hotel holds a good position in the market providing boutique style accommodation, alongside a food and beverage offering for guests.

The business has a strong customer base from a mixture of sectors including business, visitor and tourists to the area and The University of Portsmouth.

The owner has regularly invested in the property with all rooms providing attractive and well specified accommodation.

Typical tariff rates for the hotel are as follows:

Double £145 to £155 per room per night

Standard King £155 to £195 per room per night

Deluxe King £195 to £235 per room per night

Net turnover is in the order of £400,000. Trading information is available upon request.

The hotel website address is: https://shipleopardboutiquehotel.co.uk/home

Rateable ValueThe property is Listed on the 2017 Rating List with a rateable value of £32,250. For the year 2018 to 2019 the National Multiplier in England and Wales is 0.493p.

Premises LicenceThe opening hours of the hotel are Monday to Sunday 08:00hrs until 22:00hrs and the sale of alcohol is permitted Monday to Sunday 12:00hrs until 00:00hrs.

PlanningThe property is Grade II Listed and is located within the Old Portsmouth Conservation Area. The property currently holds a C1 hotel consent.

There may be an opportunity to provide part of the ground floor as commercial space, operated either in conjunction with the hotel or independently to the hotel, subject to the necessary planning consents. There may also be an opportunity to convert the rooms to provide C3 residential accommodation, again subject to the necessary planning consents.

TenureThe property is available freehold with vacant possession.

Guide PriceThe Guide Price is £1,500,000. VAT will not be applicable as the sale will be treated as a TOGC.

Energy PerformanceThe property is Grade II Listed therefore an EPC is not required.

ViewingFor a formal viewing, strictly by appointment with Savills.

ContactPoppy Hood+44 (0) 23 8071 3935 phood@savills.com

Adam Bullas+44 (0) 23 8071 3957 abullas@savills.com

IMPORTANT NOTICEMaps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | August 2018