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Grange Moor Hotel 4-8 St. Michaels Rd 50 Room Hotel Maidstone ME16 8BS $2,469,169 ($49,383/Room)
INVESTMENT HIGHLIGHTS
- 38 Ensuite bedrooms.
- Second function room for up to 40.
- Good size lounge bar and dining room.
- Generous on site parking.
- Main function room for up to 200.
- Licensed for weddings and civil partnerships.
- Enclosed garden to rear.
- Recent refurbishment program.
EXECUTIVE SUMMARY
The Grange Moor comprises of a 38 ensuite bedroom hotel located less than a mile away from the heart of Maidstone, the County Town of Kent, making it popular with tourists and business people alike. Formally a number of individual older style buildings combined to see the hotel as it is seen now. The property has red brick elevations under a predominantly plain clay tiled roof, keeping much of its original character. Externally there is an enclosed garden, ideal for use for weddings, or for guests to enjoy in the warmer months. The garden also has a children's play area. The main car park is to the rear of the hotel, with further parking available to the front, along with a further seating area for guests. The smartly presented hotel is currently closed for general trade, but has recently undergone a program of improvements, making it ready for the next owner to benefit from.
PROPERTY FACTS
| Price | $2,469,169 | Lot Size | 0.73 AC |
| Price Per Room | $49,383 | Building Size | 20,312 SF |
| Sale Type | Investment | No. Rooms | 50 |
| Tenure | Freehold/Long Leasehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1900 |
| Property Subtype | Hotel | Parking Ratio | 3.19/1,000 SF |
| Building Class | C |
| Price | $2,469,169 |
| Price Per Room | $49,383 |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 20,312 SF |
| No. Rooms | 50 |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 3.19/1,000 SF |
AMENITIES
- Restaurant
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 50 | $61.40 | - |
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Grange Moor Hotel | 4-8 St. Michaels Rd
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