£51.700.000
Confirmation
202-bedroom purpose-built hotel
202-bedroom purpose-built hotel
Property Details
Broker
For sale
5.00 %
202
255,941
Freehold
3 retail units
X
Fees
Investment Overview
The hotel is within walking distance of some of London's most iconic landmarks. The 2008-build, purpose-built hotel together with with three ancillary retail units, is let with an effective unexpired term of 22 years with the majority of income benefitting from uncapped RPI-linked rent reviews. There are fire safety improvement works identified, but not yet completed. The ground-floor includes three retail units totalling 7,250 sq ft, two of which are let to Pret A Manger and Inventure Retail, providing an additional £210,000 per annum.
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