£11.000.000
Confirmation
Long let hotel investment
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For sale
5.48 %
115
95,652
Freehold
bar and café
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Fees
Investment Overview
Prominently located 115-bedroom hotel arranged over ground, part-two, and part-three upper floors. Let with a long unexpired term of 22.60 years with a tenant option to extend for a further 25 years on expiry. Attractive uncapped RPI rent review provisions with the next review in April 2025. Current passing rent of £643,112 p.a., reflecting a low rent per room of £5,592. Well underpinned by Vacant Possession Value and a range of alternative uses STP. The property was significantly redeveloped in 2010.
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