Hotels & Motels for sale in the Reigate & Banstead, Redhill

Commercial Property in Reigate & Banstead available for sale

Hotels & Motels for Sale Within 10 miles of the Reigate & Banstead, Redhill

More details for Highbury Dr, Leatherhead - Hospitality for Sale

Federation House - Highbury Dr

Leatherhead, KT22 7UN

Hospitality for Sale
£9,000,000
103,108 sq ft

Fitness Centre
Restaurant

Leatherhead Hospitality for Sale

Freehold available with vacant possession at a guide price of £9m, representing £99 per sq ft (£1,066 per sq m) on the total gross internal area of 91,240 sq ft (8,476 sq m). The building currently benefits from 55 spacious air-conditioned ensuite letting bedrooms well supported by a restaurant bar, conference rooms and a health and fitness suite. It is well positioned in the middle of the competitive set and benefits from excellent customer reviews. In its current format, the property offers very significant upside potential to a dedicated hotel operator in terms of potential occupancy and ADR levels. In addition to this, there is ready potential to increase the number of letting bedrooms to 100, subject to detailed design, by converting easily adaptable office space centred around the high quality and well invested existing facilities. Alternatively, due to its flexible design, the building is well suited for adaptation to a wide range of uses by owner occupiers or operators. The majority of the non-hotel accommodation on the ground and first floor, together with the basement parking has minimal internal structure and can be readily repurposed.