Guide price
£2,850,000
(£201.04/sq. ft)
Hotel for salePeterborough PE1
14,176 sq. ft
About this property
• Freehold investment opportunity.
• Sale and leaseback of a substantial detached property arranged as a 45 Bedroom Hotel (previously a care home).
• The property is a detached building of 14,176 sq ft.
• 1.28 Acre Site including 50 Off-Street Parking Spaces.
• Arranged as 45 ensuite bedrooms, 1 bedroom flat, offices and ancillary accommodation.
• Current planning consent is C1 Hotel Use.
• Let to Verve Hotels Ltd on a new 15-year Fri lease.
• Passing rent of £285,000 per annum.
• lha £132.33 per unit per week/ £316,533 p.a.
• Guide Price - £2,850,000 plus VAT and equating to a Gross Yield of 10% and a low Capital Value of £201 psf.
• Sale and leaseback of a substantial detached property arranged as a 45 Bedroom Hotel (previously a care home).
• The property is a detached building of 14,176 sq ft.
• 1.28 Acre Site including 50 Off-Street Parking Spaces.
• Arranged as 45 ensuite bedrooms, 1 bedroom flat, offices and ancillary accommodation.
• Current planning consent is C1 Hotel Use.
• Let to Verve Hotels Ltd on a new 15-year Fri lease.
• Passing rent of £285,000 per annum.
• lha £132.33 per unit per week/ £316,533 p.a.
• Guide Price - £2,850,000 plus VAT and equating to a Gross Yield of 10% and a low Capital Value of £201 psf.
Mortgage calculator
Monthly repayment
£14,257 per month
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