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16/7 New North RoadExeterEX4 4HF
Hotel in city centre location
The Clock Tower hotel is a grade II listed stucco fronted property forming the end of a terrace of similar properties built in the 1850’s. It is a short walk to the city centre and either of the city’s main railway stations.
Set within St David’s Conservation Area, the building comprises 18 en-suite bedrooms set out over 4 floors. The ground floor provides for reception, lounge and dining room, kitchen, two letting bedrooms and an independent 1 bedroom managers flat.
The hotels trades year round on a bed and breakfast basis. Latest accounts to year end December 2017 show a turnover of £265,656. Accounts will be made available to applicants following a viewing of the premises and the signing of a non-disclosure agreement.
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Highlights
• City centre hotel
• Grade II listed building built in 1850’s and located within a Conservation Area
• 18 en- suite bedrooms comprising 10 double/twin, 5 single, 2 family and one double with adjoining child's room
• 1 bedroom managers/owners flat
• Resident lounge and dining room
• Patio and garden to front. Private garden to rear
• Net turnover (year end December)• 2017 £255,656• 2016 £275,651• 2015 £248,530
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Clock Tower Hotel Site Plan
CONTACTTENURE AND GUIDE PRICE: Freehold Offers InvitedIncludes trade inventory and goodwill. Stock at valuation.
EPC: Exempt
PROCESSJLL have been appointed to sell the freehold interest in the Clock Tower Hotel as a transfer of a going concern for which TUPE will apply. No contact should be made with the operating company or any of their employees. Please contact JLL who are retained as sole and exclusive selling agents.
OVERAGEThere will be an overage provision. This will pertain to any use other than as a hotel (C1) and is based on the difference between 1) the site with the benefit of alternative planning permission and 2) the site as a hotel.If planning is gained within the term, our client will benefit from a 100% payment of the difference between the two values. Further information is available on request.
Michael EastonDirector+44 (0) 1392 [email protected]
Alexandra DeereGraduate Surveyor +44 (0) 1179 [email protected]
Audrey Moore-HaineSecretary+44 (0) 1392 [email protected] 5
