The Red Kite House Hotel, situated in Berkshire village of Burghfield Common, near Reading, has been brought to the market off a guided price of £1.2m.
The 300 year old property features 10 recently refurbished ensuite letting rooms, a reception hall, breakfast room, guest lounge, large private kitchen and laundry room. The site also provides three bedroom owner’s accommodation, but planning permission has been obtained to create a separate manager’s flat.
Having owned the business for eight years, the current owner, Paul Hutchman, said the hotel enjoyed “excellent levels of repeat trade”, and he decided to sell in order to pursue a similar business opportunity in Europe and to repeat the success of this “winning formula”.
Tom Orchard, business agent at Christie and Co’s Reading office, who is handling the sale, said: “Red Kite House Hotel provides a fantastic opportunity to acquire a business which has potential to grow and will appeal to either a hands-on owner operator or a multiple operator looking to add to their portfolio.
“There is scope to develop the business through the planning permission granted which will increase bedroom capacity and also the opportunity to extend the main building to create a larger restaurant and bar, subject to planning permission. This is an exciting opportunity to acquire a hospitality business in a desirable area and we anticipate high levels of interest.”