A rare opportunity to purchase a well-established leasehold tourist hostel with a central location in London.
Built in 2005 the hostel run by the current ownership since 2009. It provides a safe and comfortable place to stay for tourists with free breakfast included. The hostel enjoys strong recognition and has a significant base of repeat clients. The business has a solid reputation and fantastic online reviews. In addition, there is a highly efficient website in place.
The hotel for sale features a prime location just off the main road. The commercial area is extremely busy with plenty of tourist attractions including Big Ben, the London Eye, the Houses of Parliament, and so on. Strong public transport links and parking are available.
The building is on an FRI lease. The current 20-year lease began in 2012 at a cost of £3,365 a week.
The hostel for sale operates from a large 4-story terraced property. The ground floor includes a large lobby/reception area with 30 seats, a guest kitchen, 3 dormitories, and shared toilets and shower rooms. The basement is utilized for storage but could be reestablished into rooms. There are 13 dormitories/bedrooms in total housing up to 105 guests. All rooms are well-designed and equipped. All beds will be encompassed in the sale price.
Please note: interested parties should enquire with relevant local authorities to confirm the rates payable. This opportunity would be perfect for an owner-operator who could take the business to the next level.