Auction House London

Lot 67

Hotel - Commercial Property 

The Castle Hotel

50 New Barns Road, Ely, Cambridgeshire, CB7 4PW

Sold for £625,000

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

Joint Agent

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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No Internal Viewings For further information, please register for the legal pack. For all enquiries, please contact Jamie at Jamie.weir@auctionhouselondon.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 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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*Withdrawn Prior

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