SIC Code: 70110300 HOTELS
Country of Origin: United Kingdom |
Target Areas: Worldwide
Small hotel in Earls Court, London SW5
This hotel is a well presented boutique hotel consisting of a mixture of 17 x single, double and twin rooms over basement to 3rd floors, with a passenger lift providing access to all floors except for the 3rd. The hotel also benefits from a large west facing garden, reception and guest breakfast room. The property will be sold vacant or as a going concern with the benefit of any future bookings which are in place prior to completion.
The property is located on Eardley Crescent, approximately five minutes walk from Earls Court Tube Station and close to other local amenities. Earls Court is serviced by the Picadilly and District lines with regular trains to Heathrow Airport and Central London, whilst the A4 and M4 arterial roads are also within a short drive of the building.
Room types: 6 x Double, 4 x Single, 2 x Twin, 3 x Triple, 2 x Family
This is a listing by MIT.
Asking Price: 5,400,000 EUR
It is in our opinion that subject to the necessary planning consents, the property could be converted into five residential apartments, or continued use as a successful boutique hotel.
We understand that VAT will not be charged on the sale.
Occupancy: - Profit Margins:
2013 77.0% ........ 35%
2014 85.4% ........ 25%
2015 83.2% ........ 42%
2016 79.0% ........ 41%
2017 84.0% ........ 45%
2018 86.5% (forecast 31.12.2018)
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