Luxury Hotel for Sale in Reading, United Kingdom

– Unique luxury property that provides short-term private and business venue/accommodation.

– The property was a prominent church of victorian architecture and we have converted it into a luxurious space with a functional interior and modern design.

– Venue is located in a pleasant and rural area that is easily accessible and is 30 minutes away from London.

– Venue can accommodate up to 70 people for events. For private stays, we have 9 bedrooms to accommodate 24 people and a formal dining table that can seat 20.

– Before the pandemic, the venue was booked for 3-4 days every week and we generated a monthly revenue of about GBP 17,000. During lockdown, we had to refund all bookings and have invested GBP 100,000 to further develop the property, almost doubling our capacity to 24 and our daily rate to GBP 1,975.

– We have just re-opened and are receiving huge levels of enquiries and bookings at GBP 1,975/night.

– Our venue has been booked by many A-listed celebrities, and our corporate clients include Microsoft, Waitrose, and Matel.

– We manage most of the caretaking ourselves and hire staff on a contractual basis as required.

– Asset-backed Investment with excellent yield potential in excess of 12% excluding appreciation. As a business, the.

Forecast operating margin is over 70%.

– Business is managed by 2 promoters as the business structure is more of a large house than hotel but we have good assistance with cleaning.

– Property is in the name of one of the promoters and investor will get 1st charge over the property, will be transferred upon successful deal closure.