Travelodge, TWICKENHAM - PM+_Actifs en vente

Regal House 70 London Road, Twickenham, TW1 3QS, UK

Travelodge, TWICKENHAM - PM+

Description de l'actif

Strategically situated in the centre of Twickenham on a prominent site of London Road and immediately adjacent Twickenham Station, the asset is underpinned by robust real estate fundamentals and budget hotel short-stay accommodation demand generators.

Built in 2011, the hotel offering includes 111 en-suite guestrooms and an onsite restaurant and bar accessed off London Road. The property is formed in sections with a lower six-storey section to the rear and other parts extending up to 10 stories.

...

Caractéristiques de l'actif

Surface de l'actif brut

3 601 m²

Occupation

100,00 %

Année de construction

1990

Nombre d'unités

111 Unité de mesure

Numéro de référence de l'actif

10070710795

Revenu net

918 000 €

Média

Points clés d'investissement

Benefiting from a Landlord-only extension option, the hotel is let to Travelodge Hotels Limited, the second largest hotel brand in the UK, with an unexpired term certain of 28.9 years (inclusive of extension option).

Travelodge’s rent is subject to five-yearly upwards only uncapped rent reviews and indexed to the Retail Prices Index excluding Mortgage Interest Payments (RPIX).

The passing rent is £792,984 per annum, reflecting a sustainable rent per key of £7,144.