Hotel
Prospective purchasers should be aware that the income and expenditure figures have been provided to us by the Vendor and we have not been able to confirm these prior to going to print.
9
False
Planning Permission was granted under application 15/01188/FUL on the 15th December 2015 for the erection of a further ten units in the rear yard.
This Freehold hotel investment comprises of two adjoining listed properties close to the city centre which have been converted to provide nine self-contained letting units over a basement and three floors. To the rear of the property is a yard currently used for parking but has Planning Permission to build a further ten units.
Residential Investment
A Freehold Grade II Listed Hotel Investment
Current Gross Income: £117,600 pa
We are informed that the property currently provides temporary accommodation to guests recommended by Local Authorities and the income is in the region of £9,800 per month gross. We have also been informed that the outgoings are in the region of £15,000 per annum.
We understand that the property is Freehold and is being sold subject to the existing guests.
Strictly by arrangement with the Auctioneers.
