Summary - BROOK STREET PLAYING FIELDS, MARKET STREET M26 1GF
6 bed 1 bath Hotel
Established income property with function room, large garden and 25-space car park.
Victorian detached hotel, circa 1880, recently refurbished throughout
A sizeable detached Victorian building in Stoneclough, recently refurbished and trading as The Grand Hotel. The property comprises six letting rooms, a large ground-floor function suite with bar, basement, extensive trade garden and a 25-space car park. It benefits from CCTV, an alarm, a premises licence and steady ancillary income from locked post boxes (£2,500pa).
The hotel currently operates successfully for short-stay lets and private events, with function hire and Airbnb bookings appealing to business travellers and event clients; room rates and function marketing could be increased to grow turnover. The single bathroom for six letting rooms limits full hotel scale operations and should be considered when calculating capacity or reconfiguration costs.
Freehold sale with goodwill and fixtures included; business receives Small Business Rates Relief (rateable value £7,000) so no business rates currently payable. There is clear development potential (STPP) for conversion to residential apartments or alternative commercial uses, subject to planning and associated costs.
Suitable for investors, owner-operators or developers seeking an established income-producing asset with upside from improved marketing or redevelopment. Material considerations include the building’s age (circa 1880) and the need to assess conversion costs, compliance for increased capacity, and continued licence conditions.
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