Summary - THE CHACE HOTEL, 428, LONDON ROAD CV3 4EP
1 bed 1 bath Residential Development
3.1-acre freehold former hotel and manor with 66 guestrooms and large parking — refurbishment or redevelopment opportunity..
- Circa 3.1 acre freehold site
- Former hotel: 49 bedrooms, main house 17 guestrooms
- Bar, restaurant, events spaces and circa 85 parking spaces
- Vacant; immediate asset-management or redevelopment potential
- Requires substantial renovation and modernisation throughout
- Redevelopment/refurbishment subject to requisite planning consents
- Eight‑week completion available
- Local area classed as hampered aspiration; consider market constraints
A substantial freehold opportunity on circa 3.1 acres in Toll Bar End, Coventry — the former Iliffe Hotel and separate manor house occupy a prominent site with scope for conversion, refurbishment or redevelopment (subject to requisite consents).
The property comprises a former hotel building of 49 bedrooms, a main house with 17 guestrooms, bar, restaurant, meetings/events spaces and circa 85 off‑street parking spaces. It is vacant and offers immediate asset-management potential for a developer or operator prepared to modernise and reposition the buildings.
Significant positives include site scale, strong transport links (Coventry station c.2.2 miles) and an available eight‑week completion. Material drawbacks: the buildings require renovation and modernisation, planning consents for change of use or redevelopment are not yet granted, and the local area is classified as ‘hampered aspiration’ which may influence rental values or sales demand.
This is a value‑add plot for an investor or developer able to handle refurbishment, secure planning, and absorb short-term works. Due diligence is essential: full surveys, title and planning advice are recommended before committing.
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