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The Russell Hotel 79-80 London Rd 21 Room Hotel Tunbridge Wells TN1 1DZ £2,000,000 (£95,238/Room)
INVESTMENT HIGHLIGHTS
- Edwardian town centre hotel.
- Three conference rooms.
- Bar and adjoining lounge.
- Business ready to be taken to the next level.
- Rarely available purchase opportunity.
- 21 ensuite bedrooms.
- Dining room.
- Parking for 12 cars.
- Potential for conversion to nine or more flats subject to planning.
- EPC rating C.
EXECUTIVE SUMMARY
The Russell Hotel comprises of a fine Edwardian property, once three individual houses, converted some 80 years or so ago into the hotel you see now. The business has been under the current ownership for over 25 years and is now ready to be taken to its next stage in its life. Trading information can be provided following a formal viewing. It is felt that the property would lend itself to conversion, subject to planning consent, to nine good sized flats, with a possibility of a further four if the basement was to be converted too.
PROPERTY FACTS Under Offer
| Price | £2,000,000 | Total Plot Size | 0.26 ac |
| Price Per Room | £95,238 | Property Size | 10,562 sq ft |
| Sale Type | Investment | No. Rooms | 21 |
| Tenure | Freehold/Long Leasehold | No. Floors | 3 |
| Property Type | Hospitality | Year Built | 1850 |
| Property Subtype | Hotel | Parking Allocation | 1.51/1,000 sq ft |
| Costar Property Class | B | Corridor | Interior |
| Price | £2,000,000 |
| Price Per Room | £95,238 |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.26 ac |
| Property Size | 10,562 sq ft |
| No. Rooms | 21 |
| No. Floors | 3 |
| Year Built | 1850 |
| Parking Allocation | 1.51/1,000 sq ft |
| Corridor | Interior |
AMENITIES
- Balcony
- Patio
- On-Site Bar
- Public Access Wi-Fi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Suite | 2 | £144.00 | - |
| Guest Room | 19 | £122.00 | - |
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The Russell Hotel | 79-80 London Rd
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