The Alexandra Hotel is located in a prominent position on a busy roundabout on the A230, which is one of the arterial roads leading towards the town centre. Chatham railway station is also close by.
The property comprises a ground floor and basement public house investment with the upper parts, accessed via its own entrance (and separate from the public house investment), currently arranged as 10 letting rooms with shared facilities.
The upper parts may be suitable for continued investment or conversion into self-contained flats, subject to all necessary consents being obtainable.
Public House Investment
Ground Floor
Open-plan bar area with servery, ladies and gents W.C.s.
Basement
Storage area.
Outside
Courtyard and smoking area.
Tenancy
The ground floor and basement are let under the terms of a 10 year lease from 8th November 2016 at a current rental of £10,000 per annum. The lease shows there was a rental increase due on 8th November 2017 to £15,000. However this has not been implemented.
There is a further rent review in November 2021 along with a mutual break option. A copy of the Occupational Lease is available for inspection within the legal pack, available to download from the Clive Emson website.
EPC Information
The property has an EPC rating of 52 (C), quoting 190 sq.m. of usable floor space.
Upper Parts
Self-contained residential accommodation comprising 10 letting rooms, with shared kitchen and bathroom facilities. Three of the rooms are currently let on Assured Shorthold Tenancy Agreements at £16,200 (combined) per annum, with potential to increase to circa £52,320 per annum if all 10 rooms were let.
Ground Floor
Own entrance with stairs to first floor.
First Floor
Landing. Room 6 is let while Rooms 1, 2, 3, 4 and 5 are vacant. Communal kitchen, bathroom and separate W.C.
Second Floor
Landing. Rooms 7 and 8 are vacant and Rooms 9 and 10 are let. Communal kitchen, living room and bathroom/W.C.
Local Planning Authority
Medway Council, 01634 331700. Website medway.gov.uk
Not Swale Borough Council as previously stated.
Auctioneer's Note
The public house accommodation has been deduced from the lease plan and the residential accommodation has been deduced from sketched plans provided by the Joint Auctioneer. The internal and outside courtyard photographs have also been provided by the Joint Auctioneer.