Liverpool aparthotel placed on the market

George Sell George Sell Uploaded 08 March 2021

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UK: Slater Street Apartments, an aparthotel in Liverpool city centre, has been brought to the market with an asking price of £1.5 million for the freehold going concern.

Comprising 17 bedrooms across six apartments, the site is spread over three floors and a basement.

Each apartment contains additional bedding via a sofa bed, with five of the six offering a private kitchen and lounge space. The sixth apartment is fitted with a kitchenette and the top floor unit comprises a terrace.

The building also includes a separate ground floor retail premises, currently let out to Potts Coffee and producing a rental income of £15,000 per annum.

Marketing agent Christie & Co described the sale as "a great opportunity for a new operator to acquire a well-established business in a sought-after city location, that historically performed exceptionally well. The business has been unable to trade for much of the past 12 months due to the ongoing COVID-19 pandemic and restrictions around travel however, it is available as a turn-key opportunity once restrictions are lifted. There is also plenty of opportunity to grow the business by reviewing how the hotel is marketed on various social media platforms".

Ryan Lynn, director of Christie & Co, who is handling the sale, said: “Christie & Co believe this is a fantastic opportunity for a new buyer to acquire a modern property which is situated in a great location, fully fitted out and furnished to a high specification throughout. Hospitality businesses in Liverpool are always in high demand due to the city's appeal with visitors coming for the nightlife, shopping and football. With the market in general becoming busier each week, we feel now is a great time to pick up a business that is ready to go, but also offers room for a new owner to put their own stamp on, and take forward. There is also the benefit of the rental income from the retail premises situated on the ground floor.”

 

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