Holiday Inn, Tadcaster Road, YORK, YO24 1QF

UNDER OFFER

Tenure

Freehold

Sector

Investment, Leisure

Description

Hotel investment opportunity situated in the affluent City of York, adjacent to the popular racecourse.  The hotel provides 142 bedrooms, a restaurant and bar to seat up to 150 people and parking for approximately 160 vehicles.  Let to LRG Hotels who have a Dun and Bradstreet rating of 5A1 at a current rent of £447,074 pa which reflects £3,148 per room.  Secure income for a further 59 years with 14 yearly rent reviews.

Price

Offers in excess of £9,500,000

Net Initial Yield

4.45%