Bath, Parade Park Hotel - MBI Surveyors
15975
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Bath, Parade Park Hotel

Description

38 bedroom 3* hotel. Central and enviable location. EBITDA £425,000. Includes Sotto Sotto restaurant.

Transaction

Size

Hotel sale 38 rooms

Price

Surveyor

£7,000,000 Matt Brooks

THE OPPORTUNITY

  • Freehold
  • Prime town centre, prominent period building in a beautiful setting
  • 38 bedroom 3* hotel
  • Excellent access and transport links, walking distance to the train station
  • Overlooking Parade Park Grounds
  • Huge development potential
  • Including ground floor bar and popular restaurant Sotto Sotto
  • Option to lease to Hotel at c.£200,000 pax on a new 25 year unbroken term
  • EBITDA c.£425,000 including Sotto Sotto rental (part of the freehold)
  • Available as a business transfer or investment – vacant possession of the hotel may be considered
  • Plans and tenancy schedule available on request
  • Refurbished Hotel Bar
  • Subject to lease to Sotto Sotto within the impressive vaulted basement restaurant
  • Viewing by appointment only
  • £7,000,000 producing a returning of 6.07% on current EBITDA
  • Management options also available

KEY POINTS

  • 38 bedroom 3* hotel in an enviable location and setting
  • Enormous development potential to extend and refurbish
  • EBITDA c.£425,000. Available by way of transfer, management or investment
  • To include a vaulted basement restaurant let to Sotto Sotto