Igloo Hybrid Hostel, 4-6 Eldon Chambers, Wheeler Gate, Nottingham, NG1 2NS

The hostel is beautifully positioned in a courtyard and yet is only a stones through from the Old Market Square in the heart of Nottingham city centre. The city is a vibrant, two University city and has a busy varied business profile of corporate companies, regional and international businesses, thriving independents and as such, the venue has a broad guest base. It also has a well visited retail offering complemented by a good selection of events, cultural venues, bars and restaurants for all tastes.

The travel network is second to none with Nottingham benefiting from three M1 junctions, a busy tram network, access to direct trains to London’s Kings Cross and East Midlands Airport a short distance away.

Hybrid (numbers 4 & 5);
• Boat - double en-suite
• Lighthouse - double with single sofa bed
• Nest - double with single sofa bed
• Cottage - quad/family room with single sofa bed
• Barn - 6 bed dorm/family room with single sofa bed
• Trains - 3 x twin sleep pods
• Hammock - double en-suite
• Chalet - double with single sofa bed
• Treehouse - double
• Cabin - double
• Camp - 6 bed dorm/family room with single sofa bed
• Beach Huts - 3 x single or twin sleep pods
• Cave - live in staff double bedroom

Shed (number 6);
• 6 Boutique Rooms (4 with ensuites and 2 private bathrooms)
• Peapod – Double Ensuite
• Stable – Double Ensuite with single sofa bed
• Caravan – Double Ensuite with double sofa bed
• Summerhouse - Double Ensuite with double sofa bed
• Greenhouse – Twin bathroom with single sofa bed
• Yurt – Twin bathroom with double sofa bed

The Igloo Hybrid Hostel is a rare opportunity to a acquire a successful city centre accommodation business. The business has a fantastic reputation and reviews on Tripadvisor and Booking.com due to the diligent owners and staff – it is in fact, award winning.

The property is made up of two connected three storey properties (the Hybrid and the Shed) due to previous expansion following successful trading periods and continued demand for stays.

The accommodation includes a selection of private and shared rooms including double en suite rooms, rooms with single or double sofa beds, and Japanese styled sleep boxes. In total there are 23 units (plus an additional staff bedroom) with a total capacity of 68 (including sofa beds) and 16 bathrooms. There are also communal areas including a shared kitchen and a relaxing lounge area which opens to a private courtyard. The accommodation has been refurbished and is in excellent condition throughout.

The business has operated profitably for over 30 years and yet has further room to grow. The owner has several other commitments and so a new operator team with a more hands-on approach, additional marketing and a broader opening period would arguably see the turnover and profits taken to the next step.

The business has continually traded well for over 30 years. We are seeking an experienced operator who feels passionate about delivering good quality accommodation and is in a financial position to proceed.

The preference is for a freehold sale, and we will seek proof of funding from interested parties. The asking price is offers over £1,000,000 only.

A leasehold proposal would potentially be considered by similar minded operators who have experience in the sector, can show and prove their achievements and thus offer an excellent covenant strength. The asking price is a Premium of £100,000, £65,000 per annum rent and a minimum 6 months’ rent as a deposit.

We understand the Turnover for the period until 31st August 2025 was £296,712 with an EBITDA of in excess of £100,000.