For Sale By Auction | 12.00, 26 March 2019 | Lot 35

Imperial Euro Hotel, 90-92 Midland Road, Wellingborough, Northamptonshire, NN8 1NB

*Guide | £550,000+ (plus fees)

  • Hotel
  • 20 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Tue 26/03/2019

Auction Time

12.00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

Viewing Times:

Tue 5 Mar

10:30-11:00

Wed 13 Mar

16:00-16:45

Sat 16 Mar

12:00-12:45

Wed 20 Mar

16:00-16:45

A Nineteen Bedroom Hotel Offered with Full Vacant Possession. Potential for Redevelopment (Subject to Obtaining all Relevant Consents).

The property comprises a mid terrace nineteen bedroom hotel arranged over lower ground, ground and two upper floors.

Tenure

Freehold

Lots 35 & 36 to be Offered Either Individually or Collectively

Location

The property is situated on a predominantly residential road close to local shops and amenities. The green open spaces of both Swanspool Gardens and Croylands Gardens are within easy reach. Transport links are provided by Wellingborough rail station.

Exterior

The property benefits from a large rear car park.

The current owners rented the rooms out to the local authority with a Net Operating Income for Nov 2017-Nov 2018 of £131,240

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 £900 inc VAT

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