Next Auction:
13/2/2025
Lot 9
Lot 9
This double-fronted hotel consists of thirteen letting rooms with further kitchen, dining area, parking to front and spacious patio garden area. The property has recentlybeen refurbished to a good specification and includes mainlydouble-glazed windows and gas-fired central heating. The hotel is currently let on a five year agreement that started on 1-6-2010 at an initial rent of 76,500 withpredetermined annual upward only rent reviews. The property is sold with the benefit of this on-going income. The property will be of interest to investment purchasers,hoteliers and private individuals. The main body of the building is an older style brick built property under a tiled roof that has a spacious extension to the rear.
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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