A Tenanted Hotel & Function Room Complex Producing £150,000pa/£12,500pcm

A Tenanted Hotel & Function Room Complex Producing £150,000pa/£12,500pcm This Grade II Listed Building, built in 1849, was formed by combining the original Unicorn Hotel and adjacent Town Hall to provide 14 en-suite Bedrooms and 2 Function Rooms. The entire building is let for a term of 10 years at a rental of £150,000pa/£12,500pcm. See legal pack for copy of the lease. Comprising approximately 14,000sqft/1,300sq m the refurbished building is perfectly located for easy access to both Altrincham Town Centre, Manchester City Centre and the Airport thus ensuring that it will remain an attractive destination for guests. With interest rates so low this is the perfect high yielding investment for the professional investor.

Tenure

See legal pack

Description

Not inspected by Auction House Manchester but we are advised by the vendor that it comprises the following:

Ground Floor

Pub, Restaurant, Kitchen, Office/Small Function Room and external Store Room.

First Floor

8 En-suite Bedrooms, Large Function Room, Meeting Room, Office & Kitchen

Second Floor

6 En-suite Bedrooms.

Basement

4 Rooms with external access, formerly a Night Club.

Outside

There is parking to the rear.

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

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

Local Authority

Trafford Metropolitan Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT

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