28 bedroom hotel for sale

Aldridge Road, Birmingham, B42

£795,000

Property Description

Full description

WELL ESTABLISHED 28 LETTING ROOM HOTEL - WEST MIDLANDS
Situated in the desirable inner-city area of Perry Barr
Well maintained and equipped throughout
High amount of regular and repeat trade
HMIO Licence was granted in 2015
Ideal for a first time buyer
Walk in condition
Retirement sale
Easy to run
FREEHOLD

Location
This fantastic hotel is situated in the desirable inner-city area of Perry Barr, Birmingham, West Midlands. The business is surrounded by complimentary shops, residential properties, visitor attractions and much more which are all beneficial for the business. Perry Barr was an urban district in Staffordshire from 1894 until 1928 when it was incorporated into Birmingham, and thus also Warwickshire (this included an area which is now considered part of Great Barr). It then became part of the West Midlands in 1974 when Birmingham became a metropolitan borough. The area is easily reached via the A34, the A4040 and the A453 making commuting easy for anyone who wishes to visit.

Business History
Meridian Business Sales are delighted to offer to the market this excellent hotel which has been established since 1989 and in the careful hands of our client since 2004. The only reason this ideal business is being offered to the market is due to our
client's desire to take a well deserved retirement.

Since our client took ownership of the business he has built up a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade alongside good word of mouth recommendations.

Our client informs us that they currently generate a respectable annual turnover which is derived from offering comfortable letting accommodation and a welcoming customer service.

Our client offers to those who are studying or working in Birmingham, the comfort of hotel living without the extra cost. Rooms are rented weekly from 75-100, (minimum stay 2 months), dependent upon individual room facilities.

The hotel comprises of 21 en-suite letting rooms, 3 standard letting rooms and 3 letting rooms with showers. All rooms have colour TVs, a wash basin and tea and coffee making facilities. Our client offers a self catering service for those renting rooms in the specially designed kitchen/ diner including a fridge and a cupboard. A cooked breakfast or sandwich can be ordered at a small extra cost.

The facilities at the hotel include a lounge with a TV, a pleasant patio and garden, as well as overnight car parking. Our client has continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.

The business has been run at a pace to suit our client's lifestyle meaning that there is scope for a future purchaser to run the business to its full potential. However as our client has maintained a steady stream of custom a new hands on owner operator would be able to increase trade in a relatively short period of time.

This is a superb opportunity to purchase an established business, which is a great base to build upon therefore early viewing is highly recommended as this brilliant business is not to be missed.


Tenure
We are advised Freehold

Opening Hours
Hours to suit

Accommodation
Well maintained detached property briefly comprising:

GROUND FLOOR
Stock room
Workshop area

GROUND FLOOR
Secure entrance leading to:
Reception area
Breakfast room/ lounge
Office area
Kitchen
Toilets
6 x double en-suite bedrooms
1 x single en-suite bedroom
1 x double en-suite bedroom for the residential manager

FIRST FLOOR
2 x single shower bedrooms
3 x standard bedrooms
4 x double en-suite bedrooms
3 x single en-suite bedrooms
1 x twin en-suite bedroom
1 x twin shower bedroom

SECOND FLOOR
5 x single en-suite bedrooms
1 x double en-suite bedroom
1 x twin en-suite bedroom

EXTERNAL
Car park for 13 cars
3 x sheds in the garden
1 x large garden arbour
Covered patio area

Nearest stations

  • Perry Barr (0.5 mi)
  • Witton (1.0 mi)
  • Hamstead (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Perry Barr (0.5 mi)
  • Witton (1.0 mi)
  • Hamstead (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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