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Travelodge Hotel, Streetsbrook Road, Solihull B91 1QY

 

Price: £11,770,000 - Initial Yield:4.51%

Date: Q2 2019

Acting on behalf of Caudwell Properties we advised on the sale of this prime Travelodge hotel in Solihull town centre for £11.77m, reflecting a net initial yield of 4.51%.

The property comprises an 82-bed Travelodge hotel with practical completion due early-mid November 2018. Pre-let to Travelodge Hotels Limited for an unbroken term of 35 years, with a tenants option to renew. Five yearly, upwards only, RPI linked rent reviews annually compounded (collar 1% and cap 4% per annum) at an initial rent of £565,850 per annum (£6,800 per bedroom).

Further information about the hotel can be found by clicking here 

Contact

Matthew Brown

Tel: 020 7493 3330
Mob: 07836 724 420
mbrown@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk


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