Winckley Stays, 10-11 Camden Place, Preston, PR1 3JL

£1,600,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Hotel

Key features

  • Luxury city centre aparthotel
  • Prime Winckley Square location
  • 14 individually themed apartments
  • Exceptional online guest reviews
  • Strong leisure & corporate demand
  • T/O c.£440k, EBITDA c. £150k, 77% occupancy. Energy Rating D
  • Christie & Co Ref: 5646846

Description

Description

Operating as a high quality boutique aparthotel, Winckley Stays offers luxury, self contained accommodation finished to an exceptionally high standard. The business is positioned firmly at the premium end of Preston’s short stay accommodation market, with strong appeal to leisure breaks, couples and business travellers seeking high spec city accommodation.

Location

Winckley Stays occupies a prime position on Camden Place, overlooking the prestigious Winckley Square Gardens, widely regarded as Preston’s most desirable residential and hospitality location. The property is within an easy walk of Preston Railway Station, city centre retail and cultural attractions, and benefits from excellent connectivity to Manchester, Liverpool and the wider North West.

Restaurant Investment

Aven, an intimate 32 cover fine dining restaurant, is located on site. The restaurant features in the Michelin Guide and has won 2 AA triple rosettes. Currently leased at a rent of £20,000 per annum. The restaurant benefits from an excellent reputation and provides steady rental income, as well as a draw for leisure guests.

Letting Accommodation

The property comprises 14 individually styled luxury apartments, each uniquely themed and offering a distinctive guest experience. Accommodation includes a mix of one and two bedroom apartments, all benefiting from Hypnos beds, high quality bathrooms, kitchenettes or full kitchens, smart TVs and complimentary high speed Wi Fi. Room décor, size and finish exceed typical aparthotel standards, supporting premium ADRs and strong repeat business.

Winckley Stays operates with efficient self service check in and check out systems, supported by professional housekeeping. The property is fully connected to mains utilities and modern IT infrastructure, including high speed Wi Fi throughout. Public parking is available nearby.

The Opportunity

A rare opportunity to acquire a proven, luxury aparthotel in Preston’s most prestigious location. Winckley Stays is well suited to investors or owner operators seeking a low maintenance hospitality asset with strong branding, excellent guest feedback and sustained demand. Further opportunity exists to enhance revenues through yield management, mid week corporate stays and portfolio expansion for multi site operators.

Trading Information

Year ending 26:
T/O over £440,000
EBITDA over £150,000
Occupancy 77%
ADR £104.34
RevPAR £80.34

The business enjoys an excellent online reputation, with strong review volumes and consistently high ratings across major booking platforms including Tripadvisor, Booking.com and Expedia.

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Energy performance certificate: C

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Winckley Stays, 10-11 Camden Place, Preston, PR1 3JL

NEAREST STATIONS

National Rail

Preston Station

0.27 miles

National Rail

Lostock Hall Station

2.22 miles

National Rail

Bamber Bridge Station

2.54 miles

About Christie Owen & Davies Ltd, Hotels

Christie Owen & Davies Ltd, Hotels

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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Disclaimer - Property reference 5646846-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie Owen & Davies Ltd, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.