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Hylands Hotel, 307 -309 Queens Road, Nottingham NG9 1JB

Lot no: 152 Sold at Auction for £795,000
 

Guide Price £725,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 30th January 2025

9.00am
Key Features
  • Substantial Victorian Building
  • Formally used as a Fifteen Bedroom Hotel
  • Can be Converted into a HMO or Flats -subject to the necessary consents
  • Within Walking Distance to Beeston Town Centre and Train Station
  • Large Car Park to the Rear
  • EPC Rating: C
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Sold at Auction for £795,000

Hotel

Property Description:

A substantial Victorian detached building formally used as a hotel.

Having been utilised as a hotel since the mid 1970s in the ownership of the same family for over 50 years, this building offers an excellent development opportunity that can be used for several purposes, subject to the necessary planning consents, or can continue as a functioning hotel.

Occupying a good-sized corner plot in a central and sought-after Beeston location, a short walk from the town centre and train station. The property has retained much of its original character and charm, with high ceilings and generous room sizes.

In brief the internal accommodation comprises: reception, three lounges, dining room, bar, office, kitchen, fifteen bedrooms, twelve of which have en-suites, further bathroom and attic space, that is currently being used as accommodation but was not converted in accordance with building regulations.

Outside the property sits on a good-sized corner plot, with gardens to the side and front and parking to the rear.

Properties of this scale and potential rarely come to the market, therefore viewings are recommended.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Satellite and Cable TV Availability

BT, Sky and Virgin are available in this location.

Broadband (estimated speeds)

Standard 17 mbps. Superfast 80 mbps. Ultrafast 330 mbps

Tenure:

See Legal Pack. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Off Street



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.