Jackson House | Jackson Rd
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Jackson House Jackson Rd
57 Room Hotel Clacton On Sea CO15 1JA £3,300,000 (£57,895/Room) 7.70% Net Initial Yield
Investment Highlights
- Over 70% of rental income from Travelodge Hotels Ltd
- 57 bedroom hotel leased to Travelodge for a term of 25 years from 29 November 2023
- Nine flats let on 125-year leases
- Hotel, retail and residential accommodation
- Seven flats let on assured shorthold tenancy agreements
- Three commercial units let to individual tenants and car parking
Property Facts
| Price | £3,300,000 | Building Class | C |
| Price Per Room | £57,895 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 67,000 SF |
| Net Initial Yield | 7.70% | No. Rooms | 57 |
| Tenure | Freehold | Number of Floors | 7 |
| Property Type | Hospitality | Year Built | 2009 |
| Property Subtype | Hotel |
| Price | £3,300,000 |
| Price Per Room | £57,895 |
| Sale Type | Investment |
| Net Initial Yield | 7.70% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 67,000 SF |
| No. Rooms | 57 |
| Number of Floors | 7 |
| Year Built | 2009 |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 57 | £45.00 | - |
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Jackson House | Jackson Rd
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