Brambletye Hotel The Square 19 Room Hotel Forest Row RH18 5EZ $1,763,668 ($92,825/Room)
EXECUTIVE SUMMARY
Purchase existing 19 bedroom hotel with ground floor front of house areas totalling 16,290 square feet for £1.3m plus closing costs.
Fund 60% against monitoring surveyor’s certificates of the light refurbishment costs of converting the property over 4 months to 20 No. serviced apartments (17 No. 1 beds, 2 No. 2 beds and 1 No. 3 bed), and 1,550 square foot retail unit. Total costs of works £1.05m with Landlords costs capped at £630,000.
Lease for 35 years to Tenant at £200,000 p.a. with 12 month rent free period for refurbishment period and business commencement. Annual RPI rental uplift subject to cap and collar.
Fund 60% against monitoring surveyor’s certificates of the light refurbishment costs of converting the property over 4 months to 20 No. serviced apartments (17 No. 1 beds, 2 No. 2 beds and 1 No. 3 bed), and 1,550 square foot retail unit. Total costs of works £1.05m with Landlords costs capped at £630,000.
Lease for 35 years to Tenant at £200,000 p.a. with 12 month rent free period for refurbishment period and business commencement. Annual RPI rental uplift subject to cap and collar.
PROPERTY FACTS
| Price | $1,763,668 |
| Price Per Room | $92,825 |
| Sale Type | Investment |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 16,290 SF |
| No. Rooms | 19 |
| No. Stories | 3 |
| Year Built | 1866 |
| Parking Ratio | 1.23/1,000 SF |
| Corridor | Interior |
AMENITIES
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 19 | $165.51 | - |
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CONTACT
-
Nick Sutton - Sutton Management
