The Royal Hotel, 64-72 Coagh Street, Cookstown, BT80 8NG

Additional Information

• The Royal Hotel - For Sale Due to Owners Retirement
• One of Mid Ulster's most popular full-service hotels together with fully let residential investment portfolio
• Fully operational 9 bed hotel fitted to a high specification with little capex required as well as an adjoining income producing residential investment.
• Fronting the Coagh Road, the building occupies a prime location within Cookstown town centre.
• Various expansive buildings with option to extend into neighbouring residential units.

Description
The subject comprises an extensive hotel complex set in the heart of Cookstown. We have summarised the main elements of the hotel below:

Common Areas
The hotel boasts an impressive modern reception area along with expansive food and beverage areas via the Windsor Restaurant & Squiers Lounge. These have been finished to a high standard throughout. A further breakfast room / restaurant is provided for hotel guests.

Function Rooms
Function / conference space is provided across 5 rooms. The Palace and Jubilee suites can be combined to create an open plan event space with capacity for 250 people. The rooms are complete with their own bars. The Boardroom provides meeting space on the ground floor.

At first floor the Balmoral provides another function space with capacity for 120 people. Again, this area is complete with its own bar servery. Finally, the Drawing Room is a 12 person meeting room to the front of the hotel with views across the town.

Bedrooms
9 no. bedrooms are provided all at first floor level and have recently been refurbished. The room types provided are a mix of family, double, superkings/twins and a suite.

External
Externally the property has the benefit of a private car park with capacity for 8 vehicles.

Residential properties
The opportunity also exists to acquire an adjacent portfolio of residential properties that would give the potential to further extend the hotel in the future. Currently these 4 properties are fully let. Further detail on the income is available from the selling agent.

Location
The Royal Hotel is strategically located within Cookstown town centre on the Coagh Road, just 45 miles west of Belfast City Centre. Dungannon and Magherafelt are both situated just 10 miles from Cookstown.

As a result the hotel benefits from an excellent catchment area in the immediate locality as well as in the wider Mid Ulster region, providing a strong costumer base for food/beverage and function business.

With such a central location within the context of Northern Ireland the venue is highly popular for functions, weddings and conferences, as well as benefitting greatly from the corporate business in the Cookstown area.

Specifications
Fully operational 9 bed hotel fitted to a high specification with little capex required as well as an adjoining income producing residential investment.