Description
The property sits on a 0.274 acre (0.11 ha) site with 70% site coverage and was built in the 1920’s/30’s forming a terrace of residential cottages. The property is currently undergoing construction with the proposed development (App - 22/00398) comprising the development of 4 x 3 bed cottages, 1 x 2 bed cottage and 1 x 8 bedroom B&B.

The hotel will be set up to operate with a very lean remote management system in place, with electronic keycode entry system.

The façade of the Cloud Hotel is to be retained but redeveloped to provide an 8 bedroom boutique bed and breakfast. 2 of the rooms will be single ensuites, 4 will be double ensuites, with 2 rooms sharing a bathroom but with the ability to combine and create a family room. The B&B element will comprise an Old Jacobean Buff style brick slip frontage to provide a traditional and classic appearance to match the tone of the surrounding area. The Property will also comprise tall sash windows and mouldings. To the rear, a new stepped extension will be added providing a more efficient use of space across the ground and first floor levels. The extensions will support flat roofs and comprise cream rendered elevations. The ground floor extension will open up via French doors on to a small garden terrace, providing a space for residents in the warmer months.

The Cloud Hotel will also have the benefit of a parking area on the opposite side of Meerut Road, licensed through Forestry England. This is restricted to Hotel use only and provides 8 car spaces.

The B&B element is to be furnished to a high standard commensurate with its target market, location and desire to create a boutique offering. The bedrooms will be decorated in an individual style but of a high quality.

The Business / Opportunity
The New Forest hotel market is clearly a seasonal business but despite this, occupancy rates are currently strong at around the 85% mark.

We believe the opportunity exists for an investor / owner operator to acquire the hotel via forward commitment and upon completion, begin
operating the turnkey hotel under lean management.

Planning
The building is not listed but is characterful, and it is noted as a non-designated heritage asset within the New Forest Conservation Area.

Planning has been granted as follows: 22/00398.

A copy of the planning permission is available upon request.

Tenure
Freehold with vacant possession.

Inventory & Stock
Fixtures, fittings and equipment will be included in the sale.

Rating
Upon completion of the proposed development the building will be re-assessed for Rating and Council Tax purposes.

Services
The property is served by mains water, gas and electricity. Wi-Fi will be provided throughout.

Statutory Costs
S106 and CIL costs have been met by the vendor.

EPC
The individual EPC’s will be re-assessed upon completion of the development.

Price
Offers in the order of £1.75m for the freehold interest with vacant possession and the benefit of a turnkey hotel, delivered to a high standard and specification.