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The Russell Hotel 79-80 London Rd 21 Room Hotel Tunbridge Wells TN1 1DZ $3,686,386 CAD ($175,542 CAD/Room)
INVESTMENT HIGHLIGHTS
- Edwardian town centre hotel.
- Three conference rooms.
- Bar and adjoining lounge.
- Business ready to be taken to the next level.
- Rarely available purchase opportunity.
- 21 ensuite bedrooms.
- Dining room.
- Parking for 12 cars.
- Potential for conversion to nine or more flats subject to planning.
- EPC rating C.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
| Price | $3,686,386 CAD | Lot Size | 0.26 AC |
| Price Per Room | $175,542 CAD | Building Size | 10,562 SF |
| Sale Type | Investment | No. Rooms | 21 |
| Tenure | Freehold/Long Leasehold | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1850 |
| Property Subtype | Hotel | Parking Ratio | 1.51/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $3,686,386 CAD |
| Price Per Room | $175,542 CAD |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 10,562 SF |
| No. Rooms | 21 |
| No. Stories | 3 |
| Year Built | 1850 |
| Parking Ratio | 1.51/1,000 SF |
| Corridor | Interior |
AMENITIES
- Balcony
- Patio
- On-Site Bar
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $265.42 CAD | - |
| Guest Room | 19 | $224.87 CAD | - |
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The Russell Hotel | 79-80 London Rd
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