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Unconditional Lot

Lot 12 - Chesford Bridge

Guide Price*

£3,500,000 Plus fees

  • Warwick Kenilworth Hotel, Chesford Bridge, Kenilworth, Warwickshire, CV8 2LN

68 bedroom Warwick Kenilworth Hotel

Features

The Warwick Kenilworth Hotel is a purpose built 68 en-suite bedroom hotel which stands on a substantial freehold 9-acre site.

There is significant scope to re-brand the hotel to several different branding options which can include the development of additional bedroom and public areas, subject to the necessary consents.

Due to the hotel’s highly accessible and well connected location, it has become a popular destination for both business and leisure travellers from the local, regional and national area. Located a short 25-minute drive to Birmingham International Airport, the NEC and Stoneleigh Business Park the Warwick Kenilworth is an established conference and meeting venue. With nearby local attractions such as Warwick Castle, Shakespeare’s House and Warwick Racecourse, the hotel also commands a strong leisure guest base. The University of Warwick is also a close seven-minute drive away. The opportunity to acquire the hotel and large 9-acre site provides an investor with multiple asset management opportunities including demolition and redevelopment of a new hotel increasing the density on the site, thus generating additional revenue and profit streams.

Accommodation

Arranged over ground and two upper floors, this purpose-built property offers 68 en-suite letting bedrooms. The bedrooms are spacious in size and configured as follows:

37 double rooms

9 executive rooms

2 single rooms

18 twin rooms

1 disabled room

Food and Beverage Facilities

The Kavi’ restaurant provides seasonal dishes for breakfast, conference lunches and dinners throughout the week. The restaurants bar also provides a space popular with guests dining in the restaurant and conference guests during breakout sessions.

Conference and Meeting Facilities

The Warwick Kenilworth Hotel is an ideal location for meetings or conferences with four flexible meeting and function rooms of which the largest is the Chandelier Ballroom, accommodating up to 500 guests for a special event or conference. The hotel is also a popular wedding and social event venue, catering for variety of weddings, birthdays and other SMERF related business.

The Site

The hotel sits in a c. 9-acre freehold site with car parking for up to 250 vehicles. The substantial site lends itself to asset management and development opportunities, subject to securing the necessary planning consents.

The Business

The Warwick Kenilworth Hotel is well established within the local area as one of the most popular choices for meeting, accommodation and conference facilities. The local market drives significant corporate business and weekend leisure with all key demand generators being located within a 13-mile radius. Transient business maintains weekly occupancy rates due to the hotels location just off the M40 which provides direct access to the UK’s busiest motorways and A roads.

The Business has generated total revenues in excess of £1.9m over the last two years with year-ending 31 December 2019 Total Revenue of £1,010,918. Detailed trading information will be made available to interested parties upon request and via legal documents from the Town & Country website.

There is the opportunity to employ capital investment into the business whether it be extension, redevelopment or repositioning, which would drive top line revenues and profit. Given the Hotel’s location there is scope to develop and rebrand the business through another international recognised hotel group.

Commercial EPC Rating C

Online auction date: 27th April 2021 – bidding closes at 12:30pm.

All bidders must register beforehand by clicking ‘Log in / register to bid’ and following the prompts.

Bidding is also available by way of telephone and proxy.

Please note that wherever possible viewings will be by virtual tour. Any viewings that we do conduct in person will follow current Government guidelines.

For further information please contact our auction team on 02030 111499.

Additional Information

*The guide price may not always be the same as the reserve price .The guide is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Warwick Kenilworth Hotel, Chesford Bridge, Kenilworth, Warwickshire, CV8 2LN

For Sale at our Upcoming Auction

27th April 2021

  • PUBLIC ONLINE AUCTION
  • Starts at 12:30pm

To enquire or view, please contact

London

  • 63-66 Hatton Garden, London, EC1N 8LE
  • london@townandcountrypropertyauctions.co.uk
  • 02030 111499

View Contact Details

Auction Finance

Unconditional Lot

UNCONDITIONAL LOT Exchange And administration fee information: (plus fees)

Buyers Admin Fee Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyer's Admin Fee of £900 inc VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs, buyer’s premiums or reservation fees.

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