The Sharnbrook Hotel
Bedford, United Kingdom
Property type: Hotel
Est Total Area: 4.25 acres
Est £/sqft: £4-5M
Est Net Yield: 6-12%
Available in SPV purchase
Fee Structure: 1% Buy-Side
The property is an income-producing asset. The property is a Purpose-built hotel with extensive function/banqueting facilities. Set within a substantial 1.72-hectare site, with prominent road frontage, substantial car parking and private gardens, the purpose-built hotel was constructed in 2006 with further extensions added in 2016. The two-storey property features 42 well-appointed en suite guest bedrooms, a large reception area, a lounge bar, five function and conference rooms, a high-specification commercial kitchen, and a well-established restaurant offering a high-quality menu with locally grown and sourced produce.
30 months left on lease with strong covenant company who is a preferred supplier to Home office, lease backed by Home office lease.
Home Office is very happy with the property because of the spacious rooms and living space on the property.
Lease is expected to be renewed for another 3 years after the end of the term. EBITA without home office lease expected 500k.
Located to the north of the county town of Bedford, the venue provides guests with a scenic and secluded experience whilst remaining highly accessible, fronting onto the main A6 (Luton to Leicester) trunk road. This makes it an ideal base for tourists drawn to the area. Sharnbrook Hotel has many amenities and attractions nearby with the bustling town of Bedford just nine miles to the south and the regional town of Milton Keynes 23 miles to the southwest.
Utilising the extensive outside space, the property provides the opportunity for al fresco dining, ideal to cater for the busy summertime trade and to provide an outdoor space for special occasions including weddings, anniversaries, and birthday celebrations. Additionally, the site can accommodate guest parking for approximately 200 vehicles.