Lot 67
    Hotel
    The Castle Hotel
    50 New Barns Road, Ely, Cambridgeshire, CB7 4PW
    Sold for £625,000
     
    Number 1
    A Freehold Hotel Investment Providing Seventeen Bedrooms Let on an FRI Producing £48,000 Per Annum

    Description

    The property comprises a well located detached hotel arranged over ground and two upper floors.

    Location

    The properties are situated on a residential road in Ely close to local shops and amenities also only 15 miles from the city of Cambridge. The open spaces of Roswell Pits Nature Reserve are within easy reach. Transport links are provided by Ely rail station.

    Accommodation

    Ground Floor
    1x Superior Double Bedroom with en-suite
    2x Split Level Double Bedroom with en-suite
    1x Superior Family Suite (double and sofa bed) with shower room

    First Floor
    1x Twin Bedroom with en-suite
    1x Double Four Poster Bedroom with en-suite
    1x Double Bedroom with en-suite
    2x Family Quad Bedroom (double and two singles) with en-suite
    2x Triple Bedroom (double and single) with en-suite

    Second Floor
    3x Single Bedroom with shared bathroom
    1x Triple Bedroom (three singles) with shared bathroom
    2x Double Bedroom with shared bathroom

    Exterior

    The property benefits from off street parking for multiple vehicles.

    Tenancy

    The property is subject to an 21 year FRI Lease from February 2017 with no breaks at a rent of £48,000 per annum (RPI-linked rent reviews every 3-years).

    Current Rent Reserved

    Current Rent Reserved £48,000 Per Annum

    Note

    For the Hotels website please visit: https://www.castlelodgeely.co.uk
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Administration charge: £1,500 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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