Summary
Outstanding hotel investment and development opportunity
Investment Highlights
The existing building operates as a AA 3-star hotel and offers accommodation over ground and first floor and comprises the following:
- 80 en-suite guest bedrooms (split: 62 double, 14 twin and 4 single)
- Benefits from a positive pre-application to add an additional 25 guest bedrooms
- Newly refurbished restaurant (80 covers) and bar lounge (50 covers)
- Reading is the principal commercial centre of the Thames Valley, home to some of the biggest names in international business
- Two meeting rooms with capacity for 4 - 200 people, capable of hosting various events including conferences and weddings
- Ample car parking for approximately 170 vehicles
- Available unencumbered of management
- Potential to rebrand
- Development opportunity totalling 1.81 acres (0.73 hectares)
- Potential alternative uses STPP (housing, specialist housing for older people and a care home)
- Freehold
- EPC Rating: B (46)
Price
On application.