1. travel
2. tourist facilities
3. hotel

OPPORTUNITY TO ACQUIRE
RECENTLY EXTENDED AND FULLY REFURBISHED 4* HOTEL WITH 79 LARGE BEDROOMS,
CONTEMPORARY BAR AND RESTAURANT PLUS FIRST CLASS BANQUETING & CONFERENCE FACILITIES
• Full-service modern 4* hotel with prominent roadside frontage.
• Newly refurbished fully air conditioned with 79 quality bedrooms.
• Short walk to Sittingbourne Train Station which is within 70
minutes of London Victoria and 60 minutes of London St
Pancras (HS1).
• Located ideally between the tourist hotspots of Rochester
& Canterbury.
• Conference & events facilities with capacity for up to 300
(theatre style) in the Ballroom.
• Strong and improving trading record.
• Extensive on-site car parking.
• Convenient for coach parking.
• Opportunity to add 5/6 bedrooms STP.
• Strong non-resident F & B trade.
LOCATION
SURROUNDING AREA
Gravesend
A2
A2
Rochester
Chatham
M25
A249
M2
M20
M2
Sittingbourne
A299
M20
Aylesford
A249
M2
M20
M25
A2
A229
Sevenoaks
A2
Maidstone
Canterbury
M20
A28
A26
A229
M20
A28
A228
people a year, creating a night-time economy through
throughout the year in addition to the seasonal events
the cinema and restaurants of an estimated £1.3m of
and popular festivals. The commercial and retail hub
additional leisure expenditure.
accessible via the A249 making the hotel popular with
Nearby Chatham and the Gillingham waterfront
commercial guests.
have a development programme outlined for the next
20 years which will cover approximately 7 miles of
Sittingbourne is the focus of £100m of extensive
regeneration along the River Medway. The focus will
regeneration and redevelopment schemes. Cathedral
be improving the transport infrastructure, creating circa
Group (part of Development Securities), Quinn
16,000 new homes and supplying more than 20,000
Estates, Swale Borough Council and Essential Land
new jobs with new retail and leisure facilities.
aim to rejuvenate the town and provide leisure
A229
Royal
Tunbridge
Wells
its Roman and Saxon heritage means tourism thrives
A2
A21
Tonbridge
expected to increase footfall by more than 400,000
of Maidstone is within 10 miles of the hotel and easily
A2
M26
To the north west Rochester cathedral and castle with
Ashford
A21
facilities. Cathedral Group are to redevelop the town
M20
A26
centre with a £46m mixed-use scheme to provide
a new station square, cultural quarter and library
• Prominent frontage to A2 London Road leading to
A249 and J5 of the M2
• Regular trains from Sittingbourne to London Victoria
(70 mins) and St Pancras on HS1 (60 mins)
2
Canterbury with its Cathedral and UNESCO World
with residential. Cathedral and the council believe
Heritage designation lies to the south east in the A2/
this will generate £326m of economic improvement
M2 corridor by road with approximately 7 million
over the next ten years whilst creating approximately
visitors annually.
800 new jobs. The creation of the development is
3
ACCOMMODATION
TRADE
Full trading information is
available to bona fide parties
2012/13
2014
through the sole selling agents
following completion of a nondisclosure agreement. Headline
2015
trade numbers for recent years
There are 79 well-presented modern bedrooms, all in
contemporary design with full air conditioning. Rooms are
Extensive refurbishment & extension
categorised as Standard (61 + 4 accessible rooms),
Executive (9) and De-Luxe (5).
40% growth in occupancy and establishment as
the only full service 4* hotel in the immediate area
Continuing trade improvement and potential for
asset management to provide roadside coffee shop
and the possible addition of 5/6 new bedrooms
are provided below:
2013 ACTUAL
2014 ACTUAL
Occupancy 50.59%
70.96%
Average Room Rate (£)
£49.52
Total Revenue
£46.41
£1,328,000
£1,905,000
2015 FORECAST (3+9)
75.1%
£52.94
£2,104,336
FOOD & BEVERAGE
The Hotel has a strong food and beverage offering with the Coniston
Kitchen and Bar on the ground floor. The restaurant offers seasonal
British food with 80 covers, which can be increased by the use of the
adjoining syndicate/private dining room for larger events.
The Hotel Bar provides more informal dining throughout the day
with a lounge area offering relaxation space for guests. The Hotel
has become the hub of the local community. There is a strong
base of non-resident F&B sales for the Sunday Carvery with an
average of 120 covers sold per week in 2015 which is expected
to increase over the busier Summer months.
MEETINGS & EVENTS
The Hotel provides high quality events and conference facilities
with 8 conference suites available. All of the rooms provide LCD
screens and audio visual equipment and benefit from free Wi-Fi
throughout. The ballroom can accommodate up to 300 guests
theatre style and 200 guests for dinner and has state of the art
lighting and sound systems.
Tribute nights organized by the hotel have been successful, with
the majority sold out for 2015.
Civil wedding ceremonies can be held in the gazebo outside
within a small landscaped garden, as well as within the majority
of public rooms.
HOTEL OPERATING
STRUCTURE
The hotel currently has a management agreement with
Interstate Europe Hotels & Resorts on a base fee and incentive
remuneration basis – this has the flexibility to be terminated
with 3 months notice. There is also a membership agreement
between Interstate and Best Western Hotels. Further details
are available upon request following completion of a nondisclosure agreement.
4
5
ASSET MANAGEMENT
INITIATIVES
The recent conversion of a conference room into a
mini-gym particularly to suit mid week corporate guests
has now been completed and will be offered on a
complimentary basis to all hotel guests.
There are plans to promote the roadside frontage of
the hotel introducing a coffee shop to benefit from the
passing trade along the busy A2 London Road as well as
help increase awareness of the hotel.
POSTAL ADDRESS
Best Western Plus Coniston Hotel,
70 London Road, Sittingbourne,
Kent, ME101NT
CONTACTS
Gary Witham
0207 409 9902
07967 555 678
[email protected]
Oliver Heywood
0207 409 9939
07972 000 175
[email protected]
Pre-planning application discussions have taken place to
add 5/6 bedrooms on the roof in an area currently being
used as a large storage room.
TENURE & BASIS OF SALE
The Property is held freehold and will be sold as a going
concern (TOGC).
SERVICES
Mains electric, gas and water. High speed Wi-Fi throughout.
LICENCES
The hotel has Premises and Civil Wedding Licences.
INVENTORY & STOCK
Fixtures, fittings and equipment are included in the sale
with general stock at valuation on completion.
EPC
Rating - B
IMPORTANT NOTICE
TUPE
The purchaser will be required to comply with the relevant
legislation in respect of current employees.
VAT
Should the sale of the property or any right attached to it be
deemed a chargeable supply for VAT purposes, such tax will
be payable by the purchaser in addition to the sale price.
VIEWINGS
Strictly by appointment with sole selling agents Savills.
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.