Hotel with potential for development new to market

Hotel with potential for development new to market

The Olde Farmhouse Inn public house and hotel situated within Little London, Stallingborough, North Lincolnshire has been brought to the market through specialist business property advisors, Sidney Phillips.

This substantial three storey property comprises of 9 letting bedrooms, 100 cover bar /restaurant and commercial kitchen. The Olde Farmhouse Inn is situated on the outskirts of the rural hamlet village of Little London on the B1210 Stallingborough Road which is found off the busy A180. The village lies in the north east of Lincolnshire approximately 3 miles south of the industrial town of Immingham.

Externally the property features a sizeable plot which subject to the relevant planning permission would suit a commercial development site, currently housed on the land is a large car park and trade patio alongside a detached 3 bedroom annex.

Zaine Lamont – Regional Valuations Manager of Sidney Phillips is handling the sale and comments, “The Olde Farmhouse presents an extremely rare opportunity to acquire a tired roadside village public house & hotel, The property may appeal to a multitude of buyers with the large plot attracting commercial developers looking to revitalise the current structure or to completely gentrify the land area in its entirety,  as well as this an experienced operator looking to take on a challenge could also be interested in continuing the current business while improving the marketing budgets, trade facilities and external aesthetic this in turn would lead in time to a higher turnover and subsequent increased profits."

“The Olde Farmhouse is priced to sell with very little similar property currently available within the surrounding area, although the building is in need of serious modernisation it’s extremely rare to find a property of this scale for such a relatively low cost.”

Sidney Phillips is seeking an asking price of £240,000 for the freehold interest of The Olde Farmhouse Inn.

https://www.sidneyphillips.co.uk/business-detail/3147

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