Two Long Let Travelodge Investments
- Property Types:
- Portfolio, Commercial
- Sub Type:
- 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).