Thu, 06 Sep 2018 | BUSINESS SALE
A luxurious four-star boutique hotel in Cambridge is up for sale for the first time ever.
The freehold of Hotel Felix, located just off Huntingdon Road in the city, has been put up on the market by business property adviser Christie & Co. in conjunction with property consultants Knight Frank LLP for a staggering £8.5 million.
Known for “consistently [achieving] high occupancy and levels of trade from a strong corporate and leisure base,” Hotel Felix boasts 52 guest bedrooms, four function rooms that serve a number of purposes, three dining facilities including the Orangery and the 2 AA Rosette Graffiti Restaurant, spacious gardens and a gazebo.
The property blends traditional Victorian architecture with contemporary designs and was fully refurbished in 2002. This year, consent to build a further 16 bedrooms and a newly-renovated foyer was granted, which is hoped will continue after the sale.
Current owners, Jeremy and Vivien Cassel of Cassel Hotels initially set up the business, but believe it is time to move on to another venture.
Head of Brokerage at Christie & Co., Jeremy Jones said: “The Hotel Felix represents a unique opportunity for an investor to acquire a substantial, unencumbered freehold hotel in Cambridge, one of the most sought-after hotel markets in the UK.
“With significant asset management and value enhancement options, we anticipate a strong level of interest from domestic and international purchasers.”
Henry Jackson of Knight Frank hopes that the new buyer will “drive the business forward.”
Conveniently situated close to the A14 and M11 motorways, as well as the train station with direct train service to London King’s Cross, Hotel Felix has proved popular for weddings, events, meetings or simply those looking for a weekend away.
The hotel is available with no third-party management for offers and 100 per cent of the company’s issued share capital.
For more news stories about commercial properties click here. For all our commercial property listings, click here.
Specialises in yacht refits and surveying, providing exceptional service and high levels of efficiency for international clients. Benefits from a wealth of industry-specific experience, with its expertise encompassing a variety of vessels, including...
FREEHOLD
This is an opportunity to acquire a market leading supplier of beekeeping equipment, clothing, accessories and advice. This socially responsible business has demonstrated impressive and consistent growth since inception. The business enjoys rep...
LEASEHOLD
This company specialises in the design and installation of a variety of bespoke swimming pools, spa pools, saunas, and steam rooms; it is now for sale.
LEASEHOLD
|
15
|
|
Aug
|
Trainer reseller Kick Game exploring £150m sale | BUSINESS SALE
Trainer reseller Kick Game is reportedly considering a sale,...
|
12
|
|
Aug
|
Aviva to complete Succession acquisition and support further consolidation | BUSINESS SALE
Aviva is poised to complete its acquisition of wealth manage...
|
11
|
|
Aug
|
Flotek acquires Swansea-based legal and professional services IT provider | BUSINESS SALE
IT and Managed Service Provider (MSP) Flotek has acquired Sw...
Sign up to receive our acquisition alert emails to get your FREE guide
|
15
|
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
|
12
|
|
Feb
|
Victorian hotel set in Devon estate up for sale | COMMERCIAL PROPERTY
The Highbullen Hotel Golf and Country Club, which is set on ...
|
07
|
|
Feb
|
Sunderland restaurant up for sale | BUSINESS SALE
The owners of Sunderland-based restaurant D’Acqua have...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources