Characterful hotel in Loughborough town centre comes to market

Comprising 85 en suite letting bedrooms, the characterful, purpose-built property features a reception area, bar and restaurant trading areas as well as versatile conference and banqueting facilities.

The venue occupies a central position in the Leicestershire town, benefitting from its proximity to other retail and commercial premises as well as student accommodation. The town itself benefits from excellent transport links to nearby cities such as Nottingham, Leicester and Birmingham.

The site, which extends to approximately 0.8 acres, features car parking for approximately 58 vehicles to the rear of the property which is accessed via an archway beneath an adjoining property. There is also an enclosed courtyard with feature fountain. 

Subject to planning permission being obtained, plans have been prepared to convert the premises to a 150-bedroom student apartment development. 

Matt Hill, Senior Business Agent – Hotels at Christie & Co, who is managing the sale process, commented, “We are exciting to be instructed to market such a well-positioned, town centre hotel. Loughborough is vibrant University town combined with a central of England location and easy access to the M1.

“These factors of its size and position offers an experienced hotelier an opportunity to acquire an asset to compliment any portfolio with multiple income opportunities. We have received excellent feedback to the initial marketing and would ask that any seriously interest make early direct contact with myself to express their interest."

The former Ramada hotel in Loughborough is on the market freehold with an asking price of offers over £3,000,000.

For more information about the property, visit: https://www.christie.com/5740721/ 

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