Monday, June 16, 2014

News: "Business as usual" at Rotherham leisure sites


Operators at a Rotherham leisure complex and hotel say that it is business as usual, despite the owner of the buildings going into administrative receivership.

The Rotherham Superbowl bowling alley, Oasis Health Club and adjacent Welcome Inn hotel in Kimberworth are part of a larger portfolio of property veteran Keith Brown.

Statements on the websites of the operations, read: "On June 10 2014 Lyn Vardy & Toby Underwood of PricewaterhouseCoopers LLP were appointed Joint Administrative Receivers of Keith Brown Properties (Hull) Limited to manage its affairs, business and property as its agents. Both are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

"Business will operate as normal and opening hours will remain the same."

Called in by the Yorkshire Bank to recover the money it is owed, the receivers will look after the properties and are likely to dispose of the assets either piecemeal or as part of the sale of the business as a going concern.

The large portfolio of hospitality and leisure businesses was brought to market by specialist property adviser Christie + Co last year. The disposals mark the retirement of Keith Brown from the leisure and hospitality property industry, after 25 years in the sector.

The freehold of the Superbowl has a guide price of £395,000 whilst the health club in the same building has a guide price of £1.125m. The freehold of the 52-bedroom budget hotel is available for offers from £795,000.

The 24 lane bowling alley also includes two bars, an arcade and Wimpy outlet. Following a £500,000 fitness suite extension, the Oasis Health Club includes a gym, pool and jacuzzi, class studio, beauty salon, hairdressers and a cafĂ©.

Christie & Co website

Images: Christie & Co


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