Auction House London

Lot 130

Commercial Property - Commercial Property 

Elizabeth House Hotel

Wokingham Road, Bracknell, Berkshire, RG42 1PB

SOLD PRIOR

Guide Price (plus fees)

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.

Addendum

Sold Prior

Additional Fees

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.

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Sold Prior
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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