Popular hostel in Nottingham city centre for sale
Specialist business property adviser Christie & Co has been instructed to market Igloo Hybrid Hostel in Nottingham.
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Located in the city centre, Igloo Hybrid Hostel is an independently owned and operated hostel which offers 23 bedrooms and has a capacity of 68 guests. The accommodation includes a range of private and shared rooms, including double en suite rooms, rooms with single or double sofa beds, and Japanese-style sleep boxes. The accommodation has been recently refurbished and is in excellent condition.
There are also several communal areas, including a shared kitchen and a relaxing lounge area which opens to a private courtyard.
Situated just a short distance from the Old Market Square, the property is comprised of two connected three-storey properties, Hybrid and Shed, as a result of previous expansion work following successful trading and continued demand for stays.
The hostel attracts a wide range of guests and has a strong reputation, consistently receiving excellent reviews on TripAdvisor and Booking.com.
The sale of the hostel presents a rare opportunity to acquire a successful city centre accommodation business. The current owner has several other commitments and is looking to hand over the reins to a hands-on new operator.
The hostel’s owner commented, “It has been an absolutely privilege and a great adventure bringing derelict city buildings back to life, and for me and my awesome team to offer unique and colourful budget digs to visitors over these last 30 years. I am excited to see how a new passionate operator will continue to grow this much-loved gem of a small business for many more decades to come.”
The sale is being managed by Matt Hill, Senior Business Agent at Christie & Co, who said, “This is a unique and attractive opportunity for an experienced operator to acquire a prime city centre accommodation business. The business has a proven track record and offers a different profile to most traditional hotels, but is a model that is growing in popularity, and therefore one that should be seriously considered. We are already receiving viewing requests and would encourage interested parties to get in touch for more information.”
Igloo Hybrid Hostel is on the market with a freehold asking price of offers over £1,000,000. Leasehold options will also be considered.
For more information about the property, visit: https://www.christie.com/5740710/
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