Overview
Description
Location
Description
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.
Location
The Russell Hotel is in a central location directly adjacent to the Common close to the town's main shopping zone, Opera House and Town Hall.
Tunbridge Wells enjoys good road links connecting surrounding areas, as well as ease of access to the M25. This, together with excellent rail links to London make the town popular with commuters.
Accommodation
The hotel has 21 ensuite guest bedrooms, along with three conference rooms, dining room, bar and adjoining lounge.
EPC
Rating C.
Tenure Comments
Freehold
Rent/Price
Offers are invited for the freehold interest. For Sale Offer in excess of £2,000,000
Rateable Value / Council Tax
The rateable value of the property, effective from 1st April 2023 is £55,000. This is not what you will pay, but is used to calculate what you will pay.
VAT
Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT). Prospective buyers should satisfy themselves as to any VAT payable in respect of any purchase.
Viewing
Strictly by prior appointment through the Agents. Please contact Andrew Moore e: andrew.moore@sibleypares.co.uk. Telephone 07936 445657 or 01622 673086.
Summary
Key points
- Edwardian town centre hotel
- 21 ensuite bedrooms
- Three conference rooms
- Dining room
- Bar and adjoining lounge
- Parking for 12 cars
- Business ready to be taken to the next level
- Potential for conversion to nine or more flats subject to planning
- Rarely available purchase opportunity
- EPC rating C
Contact
Sibley Pares Chartered Surveyors
Tel: 07936 445657
Andrew Moore
andrew.moore@sibleypares.co.uk
www.sibleypares.co.uk
EPC
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