EXCEPTIONAL SERVICED APARTMENT LEASEHOLD BUSINESS
Price:
Leasehold - £440,000
Business Type:
Commercial Property, Hotels
EXCEPTIONAL SERVICED APARTMENT LEASEHOLD BUSINESS
Situated in one of the UK’s major cities with neighbouring international attractions
Exceptionally well presented range of 1 & 2 bedroom self contained apartments
Pure turnkey investment business with solid reputation and repeat trade
Advised turnover £950,000pa with high profit returns
Business group management services option
Extremely rare business opportunity
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer for sale this truly exceptional business which was first established by our client in 2007 and is only now placing it onto the market due to his growing commitments with other business projects.
The business achieves a very respectable advised annual turnover of £950,000 derived from offering serviced apartment accommodation to a very wide range of customers throughout the year.
There are 62 apartments consisting of one and two bedroom self contained living spaces, each one acquired as leasehold with an agreed fixed monthly rental price. Each has their own kitchens, bathrooms and living rooms. Each apartment has free WIFI access with televisions and rateable telephones.
The business also offers a very popular breakfast service where visitors can pre order continental or full English breakfast foods which can be enjoyed and prepared at the visitor’s leisure.
In addition there is a grocery service where online ordered goods will be accepted at reception and unpacked at the visitor’s apartment ready for their arrival.
The apartments are situated in four neighbouring blocks with a main reception area. Each block benefits from having security access only parking for guests which is a huge advantage and very rare in the city centre.
Each block has its own key access safe, front door access code security and key drop off safe so visitors can gain access to their apartments at any time and does not need a member of staff present for checking in.
Our client is also offering a management consultancy and group marketing package for the new owners which will retain the National marketing, ensure access to a business professional at all times and will promote the business throughout the UK as other projects go live within the year.
The benefits of the management consultancy package are that a new owner has all the benefits of national advertising and National recognised project association which will inevitably continue and contribute to this very impressive turnover.
We feel that this opportunity offers a new owner an excellent base to build upon and we urge early interest in this very successful business.
Leasehold
Open to negotiation
Rent: £40,000pcm
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