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Central Tunbridge Wells Hotel For Sale

Tunbridge Wells, Kent, UK
Asking Price:
£2,000,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Edwardian town centre hotel
21 ensuite bedrooms
Three conference rooms
Dining room
Bar and adjoining lounge
Parking for 12 cars
Planning consent to convert to nine residential flats

Property Information

Property:

Freehold

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.

Premises Details:

Description
The Russell Hotel comprises of a fine Edwardian property, 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.


Accommodation
The hotel has 21 ensuite guest bedrooms, along with three conference rooms, dining room, bar and adjoining lounge. Fully fitted commercial kitchen suited for function and dining provision. Office, laundry, storage and workshop.

Planning Consent:

Planning consent has been obtained to convert the property into nine residential flats.

Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Management type:
This business is owner operated.
Reasons for selling:

Retirement

Years established:
80

Other Information

Related Documents: