Summary
A three-star hotel in the centre of Cheltenham is on the market with Christie & Co. Citrus Hotel on Wellington Street had an annual turnover of £994,554 in the year to March 2024 and an occupancy rate of 63.3%. The four-storey hotel has 62 bedrooms, a bar and breakfast room, and basement car parking, plant rooms and delivery access.
Details
It has an average review score of 7.3 out of 10 on booking.com and 3.4 out of 5 on Tripadvisor. Christie & Co said: “The hotel trades on a limited service basis providing bed and breakfast facilities as well as catering for bespoke functions.
The commercial kitchen is situated off the restaurant providing sufficient facilities for limited catering purposes.” Citrus Hotel offers a variety of bedroom types to meet the needs of tourists and business travellers alike – 14 twin rooms, 34 double rooms, three quad rooms, three triple rooms, two family studios, four executive suites and two penthouses.
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The entrance is off Wellington Street in the town centre via stairs/ lift access to the reception, bar and restaurant/ breakfast room. There is full lift access from ground to third floors, with additional stair access. The restaurant provides approximately 50 covers.
There are 19 basement parking spaces and a further eight parking spaces behind the hotel. The property is being sold as a trading going concern (TOGC) with all staff transferring under TUPE on completion and all fixtures and fittings included in the sale. It has a rateable value of £80,000.
Report source: Punchline Gloucester
