Located in central Teddington a short stroll from the town centre where an array of bars, restaurants, cafés and supporting retail parades are to be found in this thriving and desirable riverside town. Teddington mainline station is nearby (London Waterloo) as well as local buses to Kingston and Richmond town centres. By car the A316 is a short drive which in turn leads to the M3/ M25 and city centre.
This freehold investment property is used as a premium short-stay apartment hotel providing self-contained accommodation and consists of 10 self-catering studio apartments over three floors with forecourt providing 4 parking spaces. Recently-refurbished throughout, the hotel has been finished to exacting high-standards including Villeroy and Boch bathroom fixtures and fittings throughout, Satellite TV/Wi-fi access, Hypnos beds as standard, kitchen facilities to include induction hob, fridge, microwave and all cutlery and crockery plus many additional delightful touches, therefore internal viewing is highly recommended to see the extent and quality of the facilities. There is a private office off the reception hall and service rooms on each floor providing janitor stores, laundry and dishwasher facilities.
The hotel offers a very healthy turnover with the benefit of with very low running costs (circa 20%). Accommodation ranges from a single night to six-monthly commitments and as such benefits from repeat booking from local employers, visiting sportspersons, contractors, insurance companies and events organisers. Accounts for the business are available to serious enquirers on receipt of a signed non-disclosure agreement. The property would suit owner-managers, experienced hoteliers as well as SIPP pension investors.
ACCOMMODATION: 10 studio apartments, office and stores over 3957 sq. ft. Onsite parking.
PRICE/TENURE: offers in excess of £2,000,000 plus VAT for the freehold to include fixtures, fittings and goodwill.
Viewing strictly by appointment with the owner’s sole agents, Milestone Commercial 020 8977 5817. An EPC Is available for Inspection The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. or our clients. All equipment remains untested and any interested party should arrange inspection prior to completion