Property Auction House and RICS Registered Valuer

Next Auction:
11/4/2024

Current Lots

Venue:
Remote bidding only

Remote bidding
THIRTEEN ROOM HOTEL WITH CURRENT INVESTMENT INCOME

Lot 9

Kingswood Hotel, 33 Woodlands Road, Isleworth, Middlesex TW7 6NR

Photo of Kingswood Hotel, 33 Woodlands Road, Isleworth, Middlesex TW7 6NR
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THIRTEEN ROOM HOTEL WITH CURRENT INVESTMENT INCOME

Lot 9

This double-fronted hotel consists of thirteen letting rooms with further kitchen, dining area, parking to front and spacious patio garden area. The property has recentlybeen refurbished to a good specification and includes mainlydouble-glazed windows and gas-fired central heating. The hotel is currently let on a five year agreement that started on 1-6-2010 at an initial rent of 76,500 withpredetermined annual upward only rent reviews. The property is sold with the benefit of this on-going income. The property will be of interest to investment purchasers,hoteliers and private individuals. The main body of the building is an older style brick built property under a tiled roof that has a spacious extension to the rear.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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