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For Sale:Portfolio,Cannock, Birmingham,with net Profit: £ 1.1m p.a.

GBP 12,999,950
Birmingham, Cannock
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Property Details
  • Price: 1.29 bln
  • Tenure: Freehold
  • Location: Cannock, Birmingham,
  • Type of Property: Hotel
  • Property Size: 120,000 SQF
  • Going Concern: Yes
  • Overseas investors: Welcome
  • Description: A portfolio includes a multistory hotel (Holiday Inn). in Cannock, Birmingham which is a Newly refurbished hotel, with retail units and block of apartments. A new shopping centre similar to Oxford’s Bicester Village has been approved and works have already started for Mill Green Designer Village. This is expected to be a £160M project. It will open later in 2019 and which will uplift the demand of the location and hotel to another level. Assets include the freehold of: 1. Newly refurbed hotel with 95 rooms. It is very well established and a well run hotel with almost 95% occupancy. The hotel also includes a banqueting facility for a 300 person capacity which is always in very high demand. 2. 26 apartments 3. 8-commercial retail property surrounding the hotels and has potential for an additional floor thus adding more rental income. Viewings strictly by appointment only and please refrain from asking questions to staff member. The owners would like to see a non disruptive asset disposal that may cause concern to the current employees. Turnover: £ 2.5m Net Profit: £ 1.1m Accounts available upon request.

Disclaimers: Information provided here for illustration purposes only and may be subject to change from time to time. Prices shown here always will be the prices to pay in local currency. Please contact the agent to be certain for pricing, specification, viewing, booking and reservation process and for any other queries you may have. Any viewings are strictly subject to the due process and pre-orgasined with the agent only. All purchases are subject to a sourcing fee, payable to The BBPEstates Global, as mutually agreed, unless otherwise stated within the description area.  BBPEstates may not be the exclusive agent and this can be sourced from one of its various channels, please inquire for further details.

Area:
State/County:
Zip: WS11
Country: United Kingdom
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Property Id : 21595
Price: GBP 12,999,950
Property Size: 120 000,00 ft2
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walkscore58 / Somewhat Walkable more details here

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