HOTEL | BUSINESS INVESTMENT

The Parade Park Hotel, North Parade, Bath, BA2 4AL

THE OPPORTUNITY

  • Freehold
  • Prime town centre, prominent period building in a beautiful setting
  • 38 bedroom 3* hotel
  • Excellent access and transport links, walking distance to the train station
  • Overlooking Parade Park Grounds
  • Huge development potential
  • Including ground floor bar and popular restaurant Sotto Sotto
  • Option to lease to Hotel at c.£200,000 pax on a new 25 year unbroken term
  • EBITDA c.£425,000 including Sotto Sotto rental (part of the freehold)
  • Available as a business transfer or investment - vacant possession of the hotel may be considered
  • Plans and tenancy schedule available on request
  • Refurbished Hotel Bar
  • Subject to lease to Sotto Sotto within the impressive vaulted basement restaurant
  • Viewing by appointment only
  • £7,000,000 producing a returning of 6.07% on current EBITDA
  • Management options also available
  • KEY POINTS

    ONE

    38 bedroom 3* hotel in an enviable location and setting.

    TWO

    Enormous development potential to extend and refurbish.



    THREE

    EBITDA c.£425,000. Available by way of transfer, management or investment.

    FOUR

    To include a vaulted basement restaurant let to Sotto Sotto.


    Parade Park Hotel, Bath


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    About

    MBI Surveyors are RICS Regulated and have signed the Conflict Avoidance Pledge with the RICS. MBI therefore act with the upmost integrity in handling all instructions in a transparent manner and to proactively avoid conflict.The value of collaborative working with a commitment to resolving any issues early. As such, parties are requested to provide full details upon submission of any offer so that relevant checks can be made, followed by full heads of terms in draft for all parties to consider in their own time and with professional advice as required. 

    Floor plans and technical information is available on request to fully disclosed parties and are to be held and treated in strict confidence. All statements and associated documentation are made subject to contract and without prejudice.

    The Money Laundering Regulations 2003 require estate agents and solicitors to formally identify parties to a transaction. Interested parties will therefore be required to provide proof of identity. MBI (Surveyors) Limited for themselves and for the vendors or lessors of this property whose agents they are, give notice that: i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute (nor in part of) an offer or contract; ii) all descriptions, dimensions, reference to condition, permissions for use / occupation and other details are given in good faith and believed to be correct - not to be relied upon as statements of fact and should be inspected by themselves; iii) no person in the employment of MBI has any authority to make or give any representation or warranty whatsoever in relation to this property. 

    Contact Us

    Matt Brooks

    MBI Surveyors

    Phone: 01235 828239

    Email: mattbrooks@mbiproperty.co.uk | joebutler@mbiproperty.co.uk

    Website: mbiproperty.co.uk