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For Sale Upon instructions of a private client
Fairways Lodge, Bury New Road, Prestwich, Manchester M25 9WS
40 Bedroom Hotel with Banqueting & Function Facilities
- Well-presented 40 bedroom hotel.
- Newly refurbished banqueting/function hall, alongside a large bar and
restaurant.
- Leisure facilities to include squash hall with 6 x courts, two yoga/fitness
studios and sauna.
- Occupied and producing a gross annual rent of £300,000 per annum.
Potential for future redevelopment of the site to residential,
subject to obtaining planning consent.
- Further apart ments available
Landwood Group,
South Central,
11 Peter Street,
Manchester, M2 5QR
T: 0161 710 2010
F: 0161 710 2050
W: www.landwoodgroup.com
CONTACT
Holly Surplice
0161 710 2010
Location
The property is located in the popular and sought after area of Prestwich,
approximately 3 miles to the north of Manchester City Centre.
There are excellent road links into and around Manchester City Centre,
with the property being positioned just off the main Bury New Road (A56)
which provides access to junction 17 of the M60 motorway, circa 1.5 miles
to the north. In addition the property is within walking distance of local
amenities to include schools, LIDL supermarket, local retailers and Heaton
Park.
Description
The property provides a 40 bedroom hotel, with conference & banqueting
facilities, a restaurant, leisure centre and bar. The building is constructed
over two storeys with brick elevations beneath a part pitched and tiled,
and part flat roof. Externally there is a large car park, with 100 parking
spaces.
. Accommodation
Internally to the ground floor there is a large reception, accessed from the
car park which provides a front desk and leads to the main bar, restaurant
with 120 covers, catering kitchen and leisure centre. The leisure centre
includes two studios, a main gym, a squash hall with six courts (once of
which has spectator seating), a treatment room and a sauna/jacuzzi room.
The rooms are located to the side/rear of the property across both the
ground and first floor and are also accessed from the main reception. All
of the bedrooms are en-suite and are a mixture of twin and double rooms.
We note that 16 of these have recently been refurbished.
The first floor also provides a large function room with stage, separate bar
and w/c facilities. This has capacity for 150 guests and is licenced to
undertake Civil Wedding Ceremonies.
The site extends to a total area of 1.53 acres (0.62 hectares).
Tenure Information
The premises are held under Freehold title GM232244.
Tenancies
The property is currently occupied by Fairways Lodge Limited on a 5 year FRI lease from 1 April 2018 until 30 March 2023. The gross rent per annum is £300,000.
Development Opportunity
The property is positioned within a popular and sought after residential area, and would be suitable for future redevelopment to residential use, subject to obtaining the necessary planning consent. The site would be suitable for a variety of different residential schemes to include housing or apartments, and benefits from an attractive position adjacent to Prestwich Golf Course. We would highlight that the site to the rear of the property is currently being re-developed by Bellway Homes to provide 160 units.
Further Information
A sales pack is available on request.
VAT
All figures quoted are exclusive of VAT which may be applicable.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers Invited.
EPC
Available on request.
Viewings
Strictly by appointment.
Holly Surplice 0161 710 2010 [email protected] www.landwoodgroup.com
Landwood Commercial (Manchester) Ltd for themselves and for the Vendors or Lessors of this property, whose agents they are, give notice that: 1) The information contained within these particulars has been checked and is understood to be materially correct at the date of publication; 2) All descriptions, statements, dimensions, references to condition and permissions for the use and occupation or other details are given in good faith; however, they are made without responsibility and should not be relied upon as representation of fact, intended purchasers or lessors should, by enquiry to our Manchester office, satisfy themselves as to the corrections and availability, in each case, before arrangements are made to view (if the site comprises of buildings); 3) Unless otherwise stated, all prices rents and other charges are quoted exclusive of Value Added Tax (VAT). Any intended purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect of any transaction; 4) All plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of publication. They have not, however, been tested and therefore we give absolutely no warranty as to their condition or operation; 5) These particulars do not constitute part of an offer or contract; 6) The vendors or lessors do not make or give – and neither do Landwood Commercial (Manchester) Ltd, nor any person in their employment have any authority to make or give – any representation or warranty whatsoever in relation to this property
