Oddfellows Hotel, Lower Bridge Street, Chester
Secure long let commercial ground rent investment (Hotel)
- Ken Morgan
- Phone Number:
- 020 7079 1953
- Prime Chester city centre boutique hotel located on Lower Bridge Street, part of the main leisure and retailing heart of the city.
- Historic and popular tourist destination attracting over eight million visitors a year and contributing over £1.8bn to revenue annually.
- Let to Oddfellows Chester Limited with 117 years remaining. Current ground rent of £81,433 pa due for review in March 2027 and five yearly thereafter to RPI (Collared at 1% and 4%).
The property comprises an 18-bedroom hotel, the front portion of which is housed in the late 17th century converted grade II* listed former Oddfellows Society Hall. Steps lead up from Lower Bridge Street to the ground floor of the hotel which houses reception, the bar and a function room. Stairs again lead up to the first floor where there are further function rooms, bar and a roof terrace to the rear. The third floor houses bedrooms. A modern extension to the building houses the restaurant and cellars, and back of house areas are located in the basement.
To the rear of the building a new self-contained building of three storeys houses further bedrooms.
Externally the property benefits from a substantial and private courtyard garden. Secondary access to the property is available from Grosvenor Place to the rear.
Details are available on request.