Freehold Hotel Investment with Development Potential
Hotel/Leisure - Grantham
Long established independent hotel in a prominent location close to a full range of town centre amenities. 19 letting rooms plus 2-bedroomed owners/managers accommodation and car park to rear. Grantham is an attractive and popular market town with a resident population in the order of 38,000 serving a large catchment area. The town is well served with excellent communication links being at the junction of A1 & A52 trunk roads and via the East Coast main rail line to London.
- Long established independent 19 bed hotel – current tenants have been in-situ since 2006.
- Busy & prominent edge of town centre location
- Potential for Residential development (subject to planning)
- Potential for income growth from outstanding rent review – currently producing £37,000 p.a.
- FOR SALE £475,000 + VAT