Travelodge London Romford The Quadrant 1-3 Quadrant Arcade 65 Room Hotel Romford RM1 3ER £6,250,000 (£96,154/Room) 6.80% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Let to Travelodge Hotels Limited on an FRI lease with 18.9 years unexpired
- Secure hotel investment
- 65 bedroom hotel arranged over part ground and three upper floors developed in 2017
EXECUTIVE SUMMARY
Offers in excess of £6,250,000 for the leasehold interest (998 years remaining). A purchase at this level would reflect a Net Initial Yield of 6.64% assuming standard purchaser costs of 6.80%, and £233/sqft.
PROPERTY FACTS
| Price | £6,250,000 |
| Price Per Room | £96,154 |
| Sale Type | Investment |
| Net Initial Yield | 6.80% |
| Tenure | Long Leasehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.21 AC |
| Building Size | 26,886 SF |
| No. Rooms | 65 |
| Number of Floors | 3 |
| Year Built | 2017 |
AMENITIES
- Restaurant
- On-Site Bar
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 65 | £60.00 | - |
CONTACTS
-
Matt
Glazer
-
Max
Appleby
-
Highfield Investments Ltd Sam Murphy
