Central Hotel, 14-18 Clarence Street, Gloucester, GL1 1DP

The hotel occupies a Grade II listed Georgian/Regency-style building, recognised for its light-coloured stone façade and symmetrical window arrangements. It spans four storeys with evenly spaced sash windows and a modest cornice just beneath a taller, slightly recessed fourth floor. The entrance sits on the ground level, blending with street-front shops and other central-city properties.

Bought by the current owner in 2014 as a redundant office building it has had a complete transformation over the years to provide sixty five comfortable lettings bedrooms being offered on a room only basis.

Trade is good at the hotel offering repeat business year on year and a track record to boot. This sizeable building offers a great turn key business already generating superb revenue and profit margins.

The property could however lend itself to other purposes and the current owner has explored the idea of a turning the property into a fifty six bedroom HMO in which a pre planning application has been submitted recently.

The hotel is situated on within the heart of the city, this central position places it within walking distance of several key attractions:
- Gloucester Cathedral
- Gloucester Docks
- National Waterways Museum
- Gloucester Folk Museum
- Gloucester Quays Designer Outlet
- Gloucester Rugby Ground

The hotel is also conveniently situated near public transportation meaning it is easily accessible by train from London, Birmingham, Bristol, and Cardiff (Gloucester Railway Station – approximately a 10-minute walk). Connected by the M5 motorway and local bus services (Gloucester Bus Station – about an 8-minute walk) and serves as a gateway to the Cotswolds and South Wales.

The hotel is very close to the new university campus, due to open in September 2025, which is looking to hold some 4,000 students. The creation of the new university campus will significantly increase demand in the town, and is one of a few major projects in the area, another being a £1 billion project for a new cyber park between Gloucester and Cheltenham which will utilise the area in connection with GCHQ. It is set to be one of the country's leading organisations to combat cyber crime. A new office complex has just been built in Gloucester City Centre. At over £200 million, it is nearing completion. Fasthosts, an IT hosting company, are taking up a vast amount of office space there providing further jobs and in turn a requirement for staff and contractors to stay, drink and eat locally.

The sixty five bedrooms are clean, light and bright, and spread across all four floors offering accessible rooms on the ground floor. The ground floor reception lobby provides access to all floors via a staircase and lift, the reception area is fitted with a desk and staff office area.

The sixty five bedrooms are a mixture of doubles, twins and family rooms. All are well equipped offering microwaves, fridges, tea/coffee making facilities, flat screen TV's and working desks. All rooms benefit from ensuite shower rooms with modern sanitary ware.

Trade fixtures & fittings are included in the freehold sale, those items personal to the current owner may be excluded. Contact the selling agent for further information.

The opportunity for hoteliers at Central Hotel Gloucester is significant, especially for those seeking to operate in a growing mid-market boutique sector within a regenerating UK city centre. It presents a tremendous opportunity for a buyer to take the reins of this profitable city centre business offering a turnkey opportunity and a relatively hands-off operation should one desire. Furthermore, it offers scope to increase revenue or to continue the current business model that the owner has created. This, combined with the city’s growing demand for accommodation, F&B and event spaces present significant investment opportunities. The hotel’s strategic location and enhanced facilities position it well to capitalize on the increasing influx of tourists and business visitors to Gloucester.

Trading information can be obtained via the selling agent.

This hotel offers an array of re-development opportunities with the main one to note is the creation into a successful HMO business (STPP). The owner has already created plans and submitted a pre planning application for the creation of fifty six bedrooms with ancillary and separate kitchens. The owner believes an income of £600,000 per annum gross can be achieved - further information pack can be obtained via the selling agent.

Freehold