A former Ramada hotel in Loughborough has been brought to market with an asking price of more than £3m for the freehold.
The 85-bedroom property, which is located on an 0.8-acre site, was purpose-built and includes an enclosed courtyard with a feature fountain, a reception area, a bar and restaurant trading areas, as well as conference and banqueting facilities.
Parking for approximately 58 vehicles is also included to the rear of the hotel, with access via an archway beneath an adjoining property.
Situated in the town centre, the former hotel benefits from transport links to Nottingham, Leicester and Birmingham, as well as proximity to local businesses and student accommodation.
Plans have been prepared to convert the premises into a 150-bedroom student apartment development, subject to planning permission.
Matt Hill, senior business agent for hotels at Christie and Co, who is handling the sale, said: “Loughborough is a vibrant university town combined with a central England location and easy access to the M1. These factors of its size and position offer an experienced hotelier an opportunity to acquire an asset to complement any portfolio with multiple income opportunities.
“We have received excellent feedback to the initial marketing and would ask that any serious interest make early direct contact with myself to express their interest.”
A former Ramada hotel in Loughborough has been brought to market with an asking price of more than £3m for the freehold.
The 85-bedroom property, which is located on an 0.8-acre site, was purpose-built and includes an enclosed courtyard with a feature fountain, a reception area, a bar and restaurant trading areas, as well as conference and banqueting facilities.
Parking for approximately 58 vehicles is also included to the rear of the hotel, with access via an archway beneath an adjoining property.
Situated in the town centre, the former hotel benefits from transport links to Nottingham, Leicester and Birmingham, as well as proximity to local businesses and student accommodation.
Plans have been prepared to convert the premises into a 150-bedroom student apartment development, subject to planning permission.
Matt Hill, senior business agent for hotels at Christie and Co, who is handling the sale, said: “Loughborough is a vibrant university town combined with a central England location and easy access to the M1. These factors of its size and position offer an experienced hotelier an opportunity to acquire an asset to complement any portfolio with multiple income opportunities.
“We have received excellent feedback to the initial marketing and would ask that any serious interest make early direct contact with myself to express their interest.”
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
Copyright BlazeThemes. 2023
