North Hill Hotel 51 North Hl 16 Room Hotel Colchester CO1 1PY £1,195,000 (£74,688/Room)
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- Grade II Listed
- Solid Transport Links
EXECUTIVE SUMMARY
The property is available to purchase Freehold with Vacant Possession at an asking price of £1,195,000 (One Million One Hundred and Ninety-Five Thousand Pounds). An excellently refurbished city centre property providing year round hotel accommodation and generating substantial food and beverage sales. The new and impressive lounge bar was created in 2022/23 from a former meeting room space
adjacent to the conservatory, and its addition will undoubtedly rebalance the business and increase wet sales over time given, not only the standard of fit out, but by greatly improving customer flow through the public areas. We accordingly recommend an early viewing of the property.
adjacent to the conservatory, and its addition will undoubtedly rebalance the business and increase wet sales over time given, not only the standard of fit out, but by greatly improving customer flow through the public areas. We accordingly recommend an early viewing of the property.
PROPERTY FACTS
| Price | £1,195,000 |
| Price Per Room | £74,688 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 4,000 SF |
| No. Rooms | 16 |
| Number of Floors | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.25/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Public Access Wi-Fi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | £152.00 | - |
| Guest Room | 15 | £107.00 | - |
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