Leisure property specialist Fleurets are marketing the leasehold of historic The Elephant hotel from a guide price of £230,000.
Located in the affluent village of Pangbourne, close to Reading City Centre and Theale Business Park, the property is a well established hotel and restaurant which reaches an average of £950,000 in annual net sales.
Opened in the late years of 1800, The Elephant has recently been through a major refurbishment and today it features 22 themed guestrooms, a 70-cover restaurant, a bar, three flexible banqueting spaces which can accommodate a total of 110 guest and a spacious garden with 150 covers between the alfresco area and the cover marquee, which make the property ideal for wedding ceremonies and celebrations.
“The Elephant hotel represents an excellent opportunity for somebody to acquire a busy and well presented, yet multifaceted business in a popular and affluent part of the Country – says Will Thomas of Fleurets. The business really is ready for an incoming operator to come in and make a name for themselves.”
For more information click here