DescriptionThe Albany Hotel is a Georgian grade II mid-terraced period town house, beneath a pitched, tiled roof. Arranged over 5 floors the hotel currently offers, 12 letting rooms and an additional two double bedrooms that are currently used as staff rooms.
LocationThe Albany hotel is centrally located on Tavistock Place and within circa 0.2 miles from Russell Square underground station (Piccadilly Line). Kings Cross and Euston stations are also situated approximately 0.4 miles from the hotel.
Internal DetailsThere are 12 letting rooms in the building and one bedroom with en suite facilities. There are four bathrooms that service the basic rooms.
There is also a breakfast room and kitchen in the basement of the building and two additional staff rooms (one basic bedroom and one ensuite bedroom)
The owner has considered converting these rooms to an additional four letting rooms (subject to obtaining the relevant planning consents) which could potentially increase the letting rooms to 15.
External DetailsThere is a rear patio garden with a surrounding wall and a large store room to rear that has been converted to an ensuite room.
The OpportunityThe Albany Hotel is a family run bed & breakfast that is in need of modernisation. There is also huge potential to add additional letting rooms and to expand the business with an extension to the rear of the building as a number of neighbouring buildings have done so (subject to obtaining the relevant planning consents). Guests are made up predominantly from tourists and tradesman visiting the area.
Trading InformationTrading information will be provided to interested parties once a formal viewing has taken place.