25 bed Commercial Building For Auction

TO BE SOLD BY ONLINE AUCTION ON 22ND - 23RD APRIL UNLESS SOLD PRIOR UNDER AUCTION TERMS.Weaste Hotel, 68 Edward Avenue, Salford, M6 8DASubstantial 25-Bed Freehold Hotel – Recently Refurbished with Excellent Income and Development PotentialThe Weaste Hotel represents a superb opportunity to acquire a substantial freehold property in a prime location, close to Manchester city centre, Salford Quays, Salford Royal and the University of Salford. This impressive 25-bedroom hotel offers a range of double, twin, and family en-suite rooms arranged over three floors with large cellars. The property has recently undergone refurbishment, with the majority of rooms now completed and the remaining few nearing completion, enabling a new owner to resume or expand operations quickly. Historically, the hotel has reportedly generated an average revenue of around £34,000 per month, demonstrating its strong trading capability. There has also been interest from food and beverage operators seeking to lease space within the property, creating an opportunity to introduce a bar, café, or restaurant element to further enhance income. The building also benefits from extensive cellars, which could be adapted for additional facilities such as a gym, storage areas or further accommodation, subject to the necessary consents. The property offers clear potential for a variety of future uses. Beyond continued operation as a hotel, it could lend itself well to conversion into serviced accommodation, an aparthotel, or high-quality HMO accommodation. Its layout and location make it equally suitable for student housing, co-living arrangements, supported living or even full residential redevelopment- all subject to planning. Given the en-suite configuration and size, it may also appeal to care providers or developers seeking a flexible asset with multiple income streams.Interested parties are advised to make their own enquiries. Situated in an area of strong demand, close to major transport links and regeneration zones, the Weaste Hotel provides an outstanding opportunity for investors, operators, or developers seeking a property with excellent long-term potential in one of Greater Manchester's fastest-growing locations.