The Limes Hotel, a charming hotel situated on the busy High Street in the centre of the Suffolk town of Needham Market has been let through licensed property specialists Sidney Phillips.
This historic 16th century three storey mid-terrace medieval timber built property is an 11 bedroom character hotel & restaurant that benefits from having a large function room, restaurant, snug, main bar and car park. Sidney Phillips have successfully brokered a new lease on the property and related business to an experienced private operator with similar businesses within the county.
Zaine Lamont of Sidney Phillips’ Eastern Counties office handled the sale and comments, “The Limes Hotel represented a wonderful opportunity to acquire a new free-of-tie lease on a building that is steeped in history. I look forward to seeing the business develop under the hands of an enthusiastic and driven operator and for the property to once again become a jewel in the crown of the Needham Market High Street.”
Sidney Phillips sold the lease for The Limes Hotel off a Leasehold asking price of £30,000.
If you have a leasehold or freehold property you would like advice on marketing, then call our Eastern Counties office on 01522 500059 or visit our website at www.sidneyphillips.co.uk.