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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.

    For further inquiry, please complete the form below.


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
Higher Return on Investment
walkscore58 / Somewhat Walkable more details here

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