This commercial property for sale in London’s Ealing Broadway is a mixture of old and new and is currently let to hotel business. The hotel comprises 20,000 sq ft. and offers 46 stylishly appointed rooms and two executive suites, including a restaurant and bar on the ground floor with Food & Beverage license already in hand.
Property investment in Ealing is on the rise, across both the commercial and residential property markets. This area is seeing regeneration with five new Crossrail stations popping up across the borough. In 2019, once the east-west line opens, the West End will be just 11 minutes away.
The hotel, a member of the Preferred Hotels & Resorts Lifestyle Collection, has been operational since 2008 and is ideally situated 5 minutes walk from Ealing Broadway, with convenient transport links to Central London, Heathrow Airport and Crossrail once completed.
The 46 bedrooms and two executive suites with 24-hour room services are equipped with flat screen TV’s with Freeview, complimentary hospitality tray, complimentary WiFi or high-speed Internet, air-conditioning, work desk, shower or bathroom hairdryer and an in-room safe.
The executive suites are larger, including a bedroom as well as a lounge with a sofa bed. The bathrooms include a shower and a bath. The commercial property for sale also have teamed up with Eden Fitness, a stunning fitness centre with pool & spa just 5 minutes walking distance, enabling free access to the guests.
- 4.25% Net Return
- Occupation rate: 89%
- £650,000 Lease agreement at current income. The profit is from 2015.
- Can be bought with vacant possession if required.
- F&B leased on £120,000 pa.