COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 24 March 2021

Elizabeth House Hotel, Wokingham Road, Bracknell, Berkshire, RG42 1PB

*Guide | £1,500,000+ (plus fees)

  • Commercial Property
  • 17 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 24/03/2021

Auction Time

12:00

Auction Venue

Live Stream

Two Large Link-Detached Buildings Arranged as a 17 Room B&B. At Full Occupancy Total Rental Income of £192,600 Per Annum

The property comprises two large detached buildings arranged over ground and first floors. The property is currently arranged as seventeen letting rooms.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Pope's Meadow are within easy reach. Transport links are provided by Bracknell railway station.

Accommodation

Elizabeth House Ground Floor Communal Conservatory/Dining Area Communal Kitchen Four Bedrooms each with En-Suites (Room numbers 1,2,3 4) Communal WC First Floor Four Bedrooms each with En-Suites (Room numbers 5,6,7,8) Elizabeth House 2 (Beulah) Ground Floor Four Bedrooms each with En-Suites (Room numbers 9,10,11,12) Laundry Room First Floor Five Bedrooms (Nos 13, 14, 15,16,17) with En-Suites or Private Bathrooms Private Staff Room/Storage Room

Exterior

The property benefits from a rear garden with three storage sheds and off street parking. There is an additional self-contained 1 bed unit with kitchen and en-suite.

Tenancy

The rooms are currently let on a 'per month' basis. The current occupancy rate is approximately 90% and the combined rent when fully occupied equates to £192,000 per annum.

A third detached building (Charnwood) is also available by separate negotiation.

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.