15-19 Duke Street, Liverpool, Merseyside, L1 5AP
- SIZE
Ask agent
- SECTOR
26 bedroom hotel for sale
- USE CLASSUse class orders: A3 Restaurants and Cafes and C1 Hotels
A3, C1
Key features
- High performing, modern boutique hotel offering 26 bedrooms and a popular bar and restaurant on the ground floor.
- Attractive Grade II listed Georgian Townhouse situated on a prime entertainment street in Liverpool city centre with nearby occupiers including Pins Social Club and Duke Street Market.
- 12 recently refurbished and repositioned bedrooms at a cost of approximately £800,000.
- Hotel recently recognised in Sunday Times '100 Top British Hotels'.
- Less than 2 minutes' walk from Liverpool One and less than 10 minutes' walk from the Royal Albert Dock and M&S Bank Arena.
- Offers strong trading performance with the additional bedrooms now fully operational.
Description
Lock & Key Hotel is situated on a prominent position on Duke Street, a prime entertainment street in Liverpool city centre close to operators including PINS Social Club and Duke Street Market. Within a short walking distance to the hotel is Liverpool One, the Royal Albert Dock and M&S Bank Arena. Liverpool Lime Street and Liverpool Central stations are both located within 10 minutes' walk of the hotel.
DESCRIPTION
The boutique hotel comprises a stunning Grade II listed Georgian Townhouse, featuring 26 individually designed bedrooms, 12 of which have been recently refurbished at a cost of approximately £800,000. On the ground floor is the Lock & Key bar and restaurant which provides a vibrant offering throughout the week and is popular amongst residents and members of the public. Also on the ground floor is the 24-hour hotel reception and guest lounge.
TITLE
The land and buildings known as 15-17 Duke Street are held Freehold under two titles, LA217453 and MS3738. The land and buildings known as 19 Duke Street is held long leasehold. The Freeholder is Frenson Limited and the passing rent is £40,000 on a 35 year lease expiring on 27 September 2057 (with an option to extend for up to a further 35 years, subject to a minimum of 10 additional years).
GUIDE PRICE
Offers invited.
SERVICES
The hotel is connected to all mains services.
LICENSES
The Hotel has a Premises License
TUPE
The purchaser will be required to comply with the relevant legislation in respect of current employees.
PLANNING
In relation to 15-17 Duke Street, planning was obtained on 26 April 2017 for a change of use to
hotel with ground floor café/bar including a dormer roof extension to the rear (17F/0254). In relation to 19 Duke Street, planning was obtained on 15 July 2020 to refurbish and convert to a hotel providing an additional 12 bedrooms, plant and storage rooms in the basement and additional back of house space (20/0893).
VAT
Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes, such tax will be payable by the purchaser in addition to the sale price.
VIEWINGS
Strictly by prior agreement via CBRE, the retained sole agents.
Brochures
15-19 Duke Street, Liverpool, Merseyside, L1 5AP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Liverpool Central Station0.2 miles
- James Street Station0.4 miles
- Liverpool Lime Street Station0.4 miles
About CBRE Ltd, Manchester (Licensed, Leisure and Hotel Property)
10th Floor, 1 St. Peters Square Manchester M2 3DE
With an integrated network of over 300 wholly owned offices in more than 50 countries, our commercial property consultants advise more clients globally than any other commercial property adviser.
We work with occupiers, investors and developers of office, industrial, residential, retail and hotel property, providing strategic advice and execution for sales and leasing; tenant representation; corporate services; facilities, property and project management; appraisal and valuation; develo
Notes
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