Hobart Hall Hotel - Savills

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4 Hoba rt Hall Hotel 43-47 Petersha m Road , Rich mond -upon- Thames , Surre y TW10 6UL Description Hobart Hall is an imposing historic house, constructed in circa 1690 with further additions in 1752. The house and its gardens descend gently to the River Thames embankment and moorings. The hotel is arranged over four floors within two inter-connected buildings. Accommodation includes 39 bedrooms together with breakfast room and lounge. Richmond Bridge 200m 39 14 Otterman House 1 to 11 Mallard Court 13 The whole sits in approximately 0.62 acres of attractive gardens with direct access to the riverside path. Tenure Freehold. ing P os ts Gaucho Grill 43 Richmond Loading Stage PETERSHAM ROAD Planning / Development Potential Hobart Hall is Grade II listed and lies within the Richmond Hill Conservation Area. 47 16 The hotel and site have significant potential for development although no planning consents are in place. Richmond Council has historically supported hotel development on the site, but we have not made recent formal enquiries. RIVER THAMES An overage provision relating to residential development is in place with the London Borough of Richmond upon Thames. If residential development of the site is consented before 2031, 50% of the uplift in value shall be payable to the council. This applies to residential development only. 49 18 Works 20 Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2011. Not to Scale - For Identification Purposes Only.
5 Trading Potential The property offers substantial opportunity for development, including enlarging and redeveloping the existing hotel (subject to planning permission). The scenario below illustrates the potential of an 80-bedroom hotel and restaurant development. View of Richmond Bridge Savills Trading Forecasts Year 1 Year 2 Year 3 Year 4 Year 5 Number of Rooms 80 80 80 80 80 Rooms Available 29,200 29,200 29,200 29,200 29,200 Occupancy 70.0% 75.0% 80.0% 80.0% 80.0% ARR £110.00 £120.00 £130.00 £140.00 £145.00 RevPAR £77.00 £90.00 £104.00 £112.00 £116.00 Rooms Revenue (£ 000) £2,248 £2,628 £3,037 £3,270 £3,387 Food & Beverage (£ 000) £450 £526 £607 £654 £677 Other Revenue (£ 000) £112 £131 £152 £164 £169 Total Revenue (£ 000) £2,811 £3,285 £3,796 £4,088 £4,234 EBITDA (£ 000) £984 £1,232 £1,518 £1,635 £1,694 % 35.0% 37.5% 40.0% 40.0% 40.0% Restaurant Income (£ 000) £225 £230 £235 £240 £245 Total (£ 000) £1,209 £1,462 £1,753 £1,875 £1,939 Source: Savills SUBJECT TO PLANNING AND RECONFIGURATION AND FOR INDICATIVE PURPOSES ONLY Method of Sale / Viewings The property will be sold as a going concern by private treaty. At present the sale is confidential and no approach whatsoever should be made to any staff member. Viewings must be arranged through Savills and will be strictly by prior appointment. Price Please enquire for guide price. View of Hobart Hall Hotel and its gardens
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Hobart Hall Hotel - Savills

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