Best Western Andover, Micheldever Road, Andover | Property for sale | Savills
Guide price £2,250,000(HK$22,624,497)

Best Western AndoverMicheldever Road, Andover

  • Freehold
Hotel
49Bedrooms

Key features

  • 49 en suite bedrooms
  • Flexible meeting & event spaces
  • Restaurant, bar and lounges
  • 90 car parking spaces
  • Freehold site extending to circa 2 acres
  • Opportunity to increase key count by repurposing existing space within the hotel
  • Residential development opportunity for circa 20 – 25 dwellings STPP

“Opportunity to refurbish and reinstate a 49 bedroom hotel, or to redevelop the entire site subject to obtaining the necessary planning consents”

About this property

  • The Best Western Andover Hotel comprises 49 en suite bedrooms, flexible meeting and event spaces, restaurant and bar. The Property is set within circa 2 acres, featuring landscaped gardens and 90 car parking spaces.

    Alternatively, the site lends itself to potential re development, subject to obtaining the necessary consents.

    HOTEL ACCOMMODATION

    The Hotel comprises 49 en suite bedrooms. There is scope to extend the number of hotel letting bedrooms by converting space such as the function suite or exploring the addition of bedrooms in the roof-space (subject to obtaining the necessary consents).

    FOOD AND BEVERAGE

    The Hotel restaurant is situated on the ground floor of the Property and offers seating for up to 45 covers internally, with access to the terrace overlooking the Hotel’s gardens.

    The bar lounge provides a further 16 covers.

    MEETING AND EVENTS

    The Hotel provides a number of versatile meeting and events spaces. The main function room can be divisible into three separate rooms with permanent dance floor. There is a separate external entrance to the function bar as well as a dedicated servery.

    THE BUSINESS

    The Hotel was subject to a home office asylum seeker contract. The contract expired in April 2024, and the Hotel has now reopened. Prior to this contract, the Property operated as a full-service hotel trading with a Gross Operating Profit (net income before property insurance costs, business rates and FF&E reserve contribution) of £196k in 2018 and £232k in 2019.

Local information

  • The Best Western Andover Hotel is located in an affluent area, providing an excellent base for visiting a plethora of popular destinations as well as being easily accessible from London.
  • Andover occupies a strategic location, within a 30-minute drive of more than 50,000 businesses. Andover is home to many business headquarters including Le Creuset UK, J&J Carter, and Lynx UK. Andover is also home to the British Army's new headquarters.
  • The Hotel affords excellent accessibility to southern England and the Midlands, being located approximately 1.5 miles from the A303 and 1.7 miles to the south east of Andover town centre. Andover Train Station is 1.8 miles from the Property and offers a direct line to London Waterloo (journey time approximately 70 minutes). London Heathrow International Airport is 53.3 miles from the Property.

Additional information

  • The Property is suitable for continued use as a Hotel as well as a range of alternative uses, such as Care Home, Retirement Living, or Residential Development, subject to planning permission.

Energy performance

EPC - C