{"loaderData":{"0-6":{"propertyListing":{"building":{"id":"752958875257889","summary":"Virtual Freehold. Award winning luxury aparthotel. Prime city centre Preston location. T/O c.£420k, EBITDA c.£150k, 77% occupancy. 14 individually styled apartments. Exceptional online reviews & ratings","archived":false,"description":"Description

Operating as a high quality boutique aparthotel, No.10 Preston offers a range of individually designed luxury apartments, branded and themed to a consistently high specification. The brand is positioned at the upper end of the city’s short stay accommodation market, appealing strongly to business travellers, couples and leisure guests seeking premium, self contained accommodation.

Location

No.10 Preston is prominently positioned on Theatre Street, in the heart of Preston city centre, within a short walk of Preston Railway Station and Fishergate shopping district. The location benefits from excellent connectivity to Manchester, Liverpool and the wider Northwest, with Junction 31 of the M6 approximately 10 minutes’ drive away. The property is ideally placed to serve corporate, leisure and short stay apartment demand in a high footfall urban setting.

Letting Accommodation

The property comprises 14 luxury apartments in total, ranging from stylish studios through to two bedroom apartments and a large presidential suite. All units are individually furnished and decorated, featuring Hypnos beds, high quality bathrooms, smart TVs, kitchenettes or full kitchens, and complimentary high speed Wi Fi. Several apartments offer generous internal areas well above typical aparthotel standards, enhancing appeal for longer stays.

All apartments are serviced via a professional housekeeping operation and benefit from self service or digital check in systems. The property is fully connected with mains utilities and offers modern IT infrastructure suitable for both short stay and extended corporate guests. Paid public parking is available close by.

The Opportunity

A rare opportunity to acquire a fully established, award winning luxury aparthotel in a Northwest city centre. No.10 Preston is well suited to investors seeking a proven, operationally efficient hospitality asset with excellent branding, scalability and reputational strength. The business offers scope for further revenue optimisation through dynamic pricing, extended stay corporate agreements and portfolio integration for multi site operators.

Trading Information

Occupancy 77%
ADR £105.82
RevPAR £81.48
T/O YE 25’ over £420,000
EBITDA YE 25’ over £150,000

No.10 Preston enjoys an outstanding online reputation, ranking #1 of hotels in Preston on Tripadvisor and achieving consistently excellent scores across OTAs. Demand is underpinned by year round corporate usage, leisure breaks and event driven city demand.

Tenure

The property is held on a 999 year lease which commenced on 16th January 1805 (777 years remaining).

","disclaimer":{"raw":"Disclaimer - Property reference 5646845-fh. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Christie Owen & Davies Ltd, Hotels. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Award winning luxury aparthotel","Prime city centre Preston location","T/O c.£420k, EBITDA c.£150k, 77% occupancy","14 individually styled apartments","Exceptional online reviews & ratings","Strong corporate & leisure demand. EPC ratings B-E","Christie & Co Ref: 5646845"],"environment":{"epcRating":"D","breeamRating":null,"environmentalDescription":null},"pricing":{"price":1100000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":true,"media":{"brochures":[{"uri":"property-brochure/6d803b11d/752958875257889/6d803b11d03c5bf4132919f01bd78377.pdf","description":"Sales Details"}],"photos":[{"uri":"property-photo/83f6e9ea1/752958875257889/83f6e9ea115cc7faba0bc3e8f2a36967.jpeg","description":""},{"uri":"property-photo/8315a5f22/752958875257889/8315a5f2259dd4afe37739bab3676e6f.jpeg","description":""},{"uri":"property-photo/7cd3fb3ee/752958875257889/7cd3fb3ee14ce108fdbcd719b7abd79b.jpeg","description":""},{"uri":"property-photo/26893040c/752958875257889/26893040cfbb8d15049f931a62bca3b8.jpeg","description":""},{"uri":"property-photo/d4f476827/752958875257889/d4f476827d806f0bcfc9bd2d630102f4.jpeg","description":""},{"uri":"property-photo/8927359e9/752958875257889/8927359e9905a0308d4f727e7aeb2f3b.jpeg","description":""},{"uri":"property-photo/af857e603/752958875257889/af857e603e90a68852ca37fa2ff9d097.jpeg","description":""},{"uri":"property-photo/0f1c386d3/752958875257889/0f1c386d32ed4cca9b4f2a343a5e514e.jpeg","description":""},{"uri":"property-photo/8af4cf24e/752958875257889/8af4cf24e2d772df2a58136969df98b6.jpeg","description":""},{"uri":"property-photo/5e7350de2/752958875257889/5e7350de26ec1576f93fbda954289fe9.jpeg","description":""},{"uri":"property-photo/0bbdb386d/752958875257889/0bbdb386dfad11b33b22680ca96a54ac.jpeg","description":""},{"uri":"property-photo/c02e8af06/752958875257889/c02e8af063342b12e87cf72408c6cfba.jpeg","description":""},{"uri":"property-photo/becc87462/752958875257889/becc874628ac01451e1beed822a4b0be.jpeg","description":""}],"floorPlans":[{"uri":"https://assets-eu-01.kc-usercontent.com/6bb3df3c-b648-01ae-2357-22fa5c7d5f19/a969336e-65a0-4e9b-82cb-88359c8d9513/F5646845-1.jpg?w=1024&a6065119-d9ea-40fe-87fe-1984e2fda464=1","description":""},{"uri":"https://assets-eu-01.kc-usercontent.com/6bb3df3c-b648-01ae-2357-22fa5c7d5f19/d54678a6-a707-4f5a-bbfa-9776288f4277/F5646845-2.jpg?w=1024&3489fbca-1d4d-42d3-ac1f-011bebd75cad=1","description":""},{"uri":"https://assets-eu-01.kc-usercontent.com/6bb3df3c-b648-01ae-2357-22fa5c7d5f19/d2e18754-31b0-48dc-8e11-126ce9687149/F5646845-3.jpg?w=1024&832c7f0e-1dce-4f50-b6ac-0b74b2f4cf8a=1","description":""}],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"No. 10 Preston, 10 Theatre Street, Preston, PR1 8BQ","showMap":true,"postcode":{"incode":"8BQ","outcode":"PR1"},"streetView":null,"latitude":53.757031,"longitude":-2.70443},"nearestStations":[{"distance":0.13930964446303523,"name":"Preston Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.396954432815822,"name":"Lostock Hall Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.736173549476386,"name":"Bamber Bridge Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"Christie Owen & Davies Ltd, Hotels","email":null,"profileUrl":"/estate-agents/agent/Christie-and-Co/Hotels-260756.html","logo":"/partner-logo/17609945-LOGO-1765963357.jpeg","id":260756,"description":"

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.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

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