51 North Hill, CO1

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Central City location • Fully refurbished period property • 17 excellent en-suite bedrooms • Newly equipped Bar. Lounge/restaurant for 90 • Retirement sale • Sales YE 31.03.2024 £577,648 ex VAT. Energy Rating C.

Location: • Nearest Station: Colchester Town Station • Distance to Station: 0.5 miles

Agent Information: • Address: 2 De Grey Square De Grey Road, Colchester, CO4 5YQ

Full Description: An excellently refurbished city centre property providing year round hotel accommodation and generating substantial food and beverage sales. The new and impressive lounge bar was created in 2022/23 from a former meeting room space adjacent to the conservatory, and its addition will undoubtedly rebalance the business and increase wet sales over time given, not only the standard of fit out, but by greatly improving customer flow through the public areas. We accordingly recommend an early viewing of the property.A period property, Grade II listed, with ground Floor public areas and letting rooms on the ground, first and second floors. The property has been in our clients' ownership since 2008 and has been refurbished throughout to an excellent standard, this upgrading programme includes a newly created lounge/hotel bar, which greatly improves the efficiency and layout of the ground floor areas.Entrance leading to reception/lounge area seating 16 Restaurant/dining areas formed from several linked rooms for 40+ Conservatory dining area. Newly equipped lounge bar with servery for 20 Kitchen, service & storage accommodation, Customer WCs and Cellar storage area.Total seating capacity is around 90 covers at any one time across all of the public areas.External public seating to the rear and storage areas.