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Agent's details

Newport Pagnell, Buckinghamshire, MK16 9EY, Tickford Street, MK16 9EY

For sale: POA|Leisure Property, Hotels, Licensed & Leisure

Property details

FOR SALEPOA
ADDRESSNewport Pagnell, Buckinghamshire, MK16 9EY, Tickford Street, Newport Pagnell, MK16 9EY
TYPELeisure Property, Hotels, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON12th January 2021

Description

Unique opportunity to acquire a trading hotel and business centre within five miles of Milton Keynes town centre, that provides value-add opportunities. - Investment Highlights:

• Harben House provides hotel accommodation and a business centre including serviced office space and a conference venue

• Total NIA of approximately 140,000 sq ft

• The Hotel comprises 140 en suite bedrooms, a large modern spacious reception, lounge and bar/restaurant area

• The Business Centre comprises 42 partitioned offices and 14 flexible/conference rooms with food and beverage facilities

• Multi-faceted private leisure and corporate business

• £2.5 million hotel refurbishment and redesign program completed in 2018

• Annual net revenue of circa £2.8 million for the Year Ended 31 March 2020

• Approximately 200 car parking spaces

• Currently operates under a management agreement

• Held Freehold

• Price on Application

Location

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Location: Newport Pagnell, Buckinghamshire, MK16 9EY, Tickford Street, Newport Pagnell, MK16 9EY

Wolverton (3.9 miles)

Milton Keynes Central (4.2 miles)

Woburn Sands (5.1 miles)

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