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Travelodge Haverhill, Phoenix Road, Haverhill  

 

Price: £5,500,000 - Initial Yield:5.92%

Date: Q1 2017

Acting on behalf of LXI REIT Plc we advised on the purchase of this hotel investment for £5.5m, reflecting a net initial yield of 5.92%.

The property comprises a modern, 3 storey purpose built Travelodge hotel with 80 bedrooms totalling 30,643 sq ft. The hotel is let to Travelodge Hotels Ltd on a 25 year lease, expiring 28th July 2041, at a current rent of £344,000 p.a (£4,300 per room). 

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk


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