Pay & Sleep, 4,5,6,7 The Crescent South Road Southall, Middlesex, UB1 1BE
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- Primary use
- Guest house
No floor / site plan
Key features
- 79 bedrooms
- 37 with ensuite facilities
- Four buildings
- Close to Southall Rail Station
- Sub lease by negotiation
- EPC Rating: A
- Annual rent: Guide price £500,000 pax
- Christie & Co Ref: 2440283
Description
There are 79 bedrooms and and the hostel is registered with an in date HMO license (112 people). The hostel has sue generis usage.
Pay & Sleep provides emergency temporary accommodation for those in need waiting to be placed into more permanent accommodation by the local authorities. Both homeless people and asylum seekers fall into this category and can be placed here. The owners are experienced operators who have been in place since 1985. Our client has invested heavily into the infrastructure of the business e.g. state-of-the-art fire alarm system, independent sprinkler system (280 heads throughout). Secure entrance doors, exits controlled, turnstiles and automatic fire escape doors.
Pay & Sleep is ideally situated a few minutes walk from Southall Station providing easy access to Central London (15-18 minutes) and Heathrow airport in circa 10 minutes. Southall town centre is a busy and vibrant area centered on the Broadway which is known for its South Asian food restaurants, fashion and retail businesses.
Internal DetailsThere are 37 ensuite rooms and 2 further bedrooms with with exclusive use of shower rooms on the mezzanine floor. The remaining 40 rooms are in the front block and have shared facilities (on floors 1, 2 and 3).
The letting accommodation is configured as follows:
• 24 single rooms
• 52 twin bedded rooms (doubles)
• 2/3 triple rooms
Room sizes can be provided upon request.
The buildings are monitored by CCTV in the office which is situated at the entrance to the hostel. There is a laundry room, two TV rooms/lounges and a dining room.
To the rear of the hostel there is a play area for everyone's use which the current owner and the London Borough of Ealing funded.
The OpportunityPay & Sleep is not just an established hostel - it is a proven sustainable business with longstanding partnerships in the private and public sectors. Operating since 1985, it holds an up to date HMO license and provides accommodation for a wide range of clients including local authorities, housing associations, charities and private guests. The opportunity provides a secure revenue base from repeat bookings and on going public sector referrals.
Guide price £500,000 pax.
There is 24 hour security in the hostel at all times.
TenureThe current owner is looking to create a sub lease by negotiation for a minimum of 10 years.
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- Listed building
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- Business for sale
- Yes
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Pay & Sleep, 4,5,6,7 The Crescent South Road Southall, Middlesex, UB1 1BE
About Christie & Co, Hotels
We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.
If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.
Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.
Where we work
We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.
Our professional services
We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.
What makes us tick
Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.
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Disclaimer - Property reference 2440283-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.