Auction House London

Lot 16

Commercial Property - Commercial Property 

Elizabeth House Hotel

Wokingham Road, Bracknell, Berkshire, RG42 1PB

Sold after auction for an undisclosed amount

Two Large Link-Detached Buildings Arranged as a 17 Room B&B. At Full Occupancy Total Rental Income of £192,600 Per Annum

Description

The property comprises two large detached buildings arranged over ground and first floors. The property is currently arranged as seventeen letting rooms.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Pope's Meadow are within easy reach. Transport links are provided by Bracknell railway station.

Accommodation

Elizabeth House
Ground Floor
Communal Conservatory/Dining Area
Communal Kitchen
Four Bedrooms each with En-Suites (Room numbers 1,2,3 4)
Communal WC

First Floor
Four Bedrooms each with En-Suites (Room numbers 5,6,7,8)

Elizabeth House 2 (Beulah)
Ground Floor
Four Bedrooms each with En-Suites (Room numbers 9,10,11,12)
Laundry Room

First Floor
Five Bedrooms (Nos 13, 14, 15,16,17) with En-Suites or Private Bathrooms
Private Staff Room/Storage Room

Exterior

The property benefits from a rear garden with three storage sheds and off street parking. There is an additional self-contained 1 bed unit with kitchen and en-suite.

Tenancy

The rooms are currently let on a 'per month' basis. The current occupancy rate is approximately 90% and the combined rent when fully occupied equates to £192,000 per annum.

Note

A third detached building (Charnwood) is also available by separate negotiation.

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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