Sold

Two Long Let Travelodge Investments

Property Types:
Portfolio, Commercial
Sub Type:
Hotel
Tenure:
Freehold

Income

£343,872 pa

Description

  • Opportunity to acquire two modern, purpose built hotels located in Fife, totalling 100 rooms.
  • Total passing rent of £343,872 per annum.
  • 19+ years WAULT to the strong 5A1 covenant of Travelodge Hotels Ltd.
  • Fife is Scotland’s third largest local authority with a population just under 367,000, over a third of which live in the three principal towns of Dunfermline, Kirkcaldy and Glenrothes.
  • Travelodge is the 2nd largest budget hotel operator in the UK with currently over 560 hotels and 40,000 rooms.
  • Lease subject to five yearly uncapped RPI rent reviews.
  • Tenure: Heritable (the Scottish equivalent of Freehold).