COVID-19 – Important Auction Information
For Sale By Auction | 12:30, 30 July 2020 | Lot 67

The Castle Hotel, 50 New Barns Road, Ely, Cambridgeshire, CB7 4PW

Sold £625,000

  • Hotel
  • 17 Bedrooms

Call the team on 020 7625 9007 for more information

Auction Date

Thu 30/07/2020

Auction Time

12:30

Auction Venue

Live Stream Only

A Freehold Hotel Investment Providing Seventeen Bedrooms Let on an FRI Producing £48,000 Per Annum

The property comprises a well located detached hotel arranged over ground and two upper floors.

Location

The properties are situated on a residential road in Ely close to local shops and amenities also only 15 miles from the city of Cambridge. The open spaces of Roswell Pits Nature Reserve are within easy reach. Transport links are provided by Ely rail station.

Accommodation

Ground Floor 1x Superior Double Bedroom with en-suite 2x Split Level Double Bedroom with en-suite 1x Superior Family Suite (double and sofa bed) with shower room First Floor 1x Twin Bedroom with en-suite 1x Double Four Poster Bedroom with en-suite 1x Double Bedroom with en-suite 2x Family Quad Bedroom (double and two singles) with en-suite 2x Triple Bedroom (double and single) with en-suite Second Floor 3x Single Bedroom with shared bathroom 1x Triple Bedroom (three singles) with shared bathroom 2x Double Bedroom with shared bathroom

Exterior

The property benefits from off street parking for multiple vehicles.

Tenancy

The property is subject to an 21 year FRI Lease from February 2017 with no breaks at a rent of £48,000 per annum (RPI-linked rent reviews every 3-years).

Current Rent Reserved

Current Rent Reserved £48,000 Per Annum

For the Hotels website please visit: https://www.castlelodgeely.co.uk

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.