- Seller ref: 69306
- Listing ID: 190459
Hotel For Sale Park Street, Ripon, North Yorkshire, HG4 2BU
- For Sale
- Sale Type:
- For Sale
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- Development Opportunity:
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Renowned Yorkshire Hotel in a desirable trading location
Strong regular repeat custom with potential to further develop trade
40 letting bedrooms and a wide range of spacious public areas
Net turnover of in excess of GBP1.1m for year ending April 2018
EPC Rating - D
The hotel was opened in 1906, although the plans for the hotel were in place from 1898 when the creation of a spa in Ripon was begun following the discovery of suitable water only 3 miles away at Fountains Abbey. Whilst the spa status of Ripon did not last, the hotel continued to trade successfully long after the spa closed in 1947, adapting to the changing tourist requirements of the next 100 years. The property has never been on the commercial market since that time, giving potential buyers a unique opportunity to take the Ripon Spa Hotel forward and enhance the Ripon hotel market.
The hotel’s Turkish baths, which led to its ‘Spa’ name, were converted into the Turf Tavern, a public bar bistro with horse-racing decor, to complement the more formal dining room and reflect the changing environment of Ripon.
The hotel is run under family ownership and management and the owners have decided to move away from the hotel industry.
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The ancient city of Ripon sits at the eastern gateway to the Yorkshire Dales National Park and Nidderdale, designated an Area of Outstanding National Beauty (AONB). The city also boasts Yorkshire’s garden racecourse, a flat-racing magnet for locals and visiting parties alike.
The hotel’s proximity to the cathedral lends itself to being a magnificent location for weddings, with its grand setting, gardens, sprung dancefloor and spacious public rooms. In addition to Ripon’s own attractions, it is conveniently close to the magnificent ruins of Fountains Abbey and adjoining Studley Royal water gardens and parkland and the Lightwater Valley theme park. Fountains Abbey, minutes away, is a UNESCO world heritage site and is one of the largest and best-preserved Cistercian monasteries in England, attracting around 350,000 visitors a year.
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