Christie & Co instructed to sell Best Western-branded hotel
On the instruction of Joint Administrators, Mark Boughey and Timothy Ball of Mazars, specialist business property advisor, Christie & Co has brought to market the Best Western Plus Centurion Hotel, a four-star hotel and Former Skills Centre located nine miles outside the city of Bath, in Somerset.
Situated between Midsomer Norton and Radstock, the Best Western Plus Centurion Hotel & Former Skills Centre is well positioned at the heart of the Somer Valley, an attractive rural area between Bath and the Mendip Hills Area of Outstanding Natural Beauty (AONB). The area is considered an ideal place to live and work and a distinctive destination for leisure activities.
The hotel has been well maintained, recently undergoing a contemporary refurbishment, and has established a good reputation within the locality, drawing in a mixture of both leisure and business guests from both Bristol, Bath, the surrounding villages and further afield.
The property is spread across a circa 15.64 hectare estate, comprising the 45-bedroom hotel, along with extensive function facilities suitable for large events such as weddings, a restaurant and bar, and the Centurion Health Club which includes a gym. The grounds also feature a nine-hole golf course and club with c.140 active members.
The former Skills Centre building opposite the hotel was originally constructed as an indoor bowling facility, that has since been converted to an educational training building. The centre provides potential for redevelopment or refurbishment, subject to planning permission.
The sale of the Centurion Hotel presents a unique opportunity to acquire a substantial, well-maintained hotel in an enviable location, which is supported by the Best Western hotel brand. The site is held on a freehold basis with the benefit of two additional leases for Fosseway Bowls Club and Westfield Football Club. Additionally, the hotel offers development potential, with planning permission granted for redevelopment of the swimming pool, spa and health club facilities.
Ed Bellfield, South West Regional Director in Christie & Co’s Hospitality team is handling the sale and comments, “The Centurion Hotel has an established reputation, appealing to both leisure and business guests due to its proximity to Bath and Bristol. There is significant scope for an experienced owner/operator to invest in the site and benefit from permitted planning permission and asset manage the vacant former indoor bowling facility.
“We expect the property to appeal to a wide range of buyers, including those looking to purchase single or multiple assets as well as purchasers looking to expand their current portfolio. We also anticipate high levels of interest from both national and international investors attracted to the UK market.”
The Best Western Plus Centurion Hotel & Former Skills Centre is currently on the market on a freehold basis, with a guide price of £2,500,000.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Ed Bellfield, Regional Director – Hospitality
P: +44 (0) 7713 061171 or E: ed.bellfield@christie.com
