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Elme Hall Hotel, Wisbech

Hotel for sale in Wisbech

£1,900,000 / 18,687 sq ft

by Colliers International
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Highlights

Features

Full address
Elme Hall Hotel, Elm High Rd, Wisbech PE14 0DQ – Wisbech
Asking price
£1,900,000
Links
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available. This measures 18,687 sq ft.

Sale unit Available

Unit
Sale unit
Size
18,687 sq ft
Price
£1,900,000
Price per sq ft
£101.67
  • Elme Hall Hotel is a purpose-built hotel of Georgian inspired design.
  • Constructed in the mid to late 1980s by the current owners, the galleried ballroom was added in 2003. A detached 2 storey bedroom (incorporating 34 contemporary bedrooms) was developed in 2012. The hotel is offered for sale due to retirement.
  • Due to personal circumstance, it has under traded in recent years.
  • Pre COVID, the primary revenue streams included good levels of midweek corporate business complemented by occasional weekend leisure clientele.
  • However, the hotel was not fully capitalising on the income potential of its events rooms.
  • Looking ahead, there is significant scope to grow these particular elements of the business.
  • The site extends to around 3 acres, including ample car parking.
  • Some parties may wish to consider the scope (subject to planning) for redevelopment of the property.
Sale type Investment
Tenure Freehold

Property facts for Elme Hall Hotel, Wisbech

Handsome purpose-built hotel with a strong product offering and impressive facilities to include 42 bedrooms, bar, restaurant and ballroom.

Building subtype
Hotel
Number of storeys
3
Parking ratio
7.8
Rentable building area
18,687 sq ft
Lot size
2.93 acres
Construction material
Masonry
Year built
1980
Parking
Surface: 75

This hospitality building for sale is located in Wisbech.

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Colliers International. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Colliers International for full details and further information. 11428784