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Modern Hotel Freehold Investment opportunity with 95 bedrooms. Situated within the popular commuter town of Camberley, which is one of the most affluent towns in Surrey, located 30 miles southwest of London. The property is located on thecorner of London Road (A30) & Camberley Park Street, the main shopping area for the town.
Let to Premier Inn Hotels Ltd on a 25 year lease from 25/03/12 with 15 years and 3 months left to break & 20 years and 3 months left to expiry on 24/03/2037.
Current rent passing £418,000 (£4,400 per room). Increasing to £444,372 (£4,677 per room) at next rent review in March 2017. Five yearly rent reviews linked each February to CPI index, capped at 5% per annum.
Offers in excess of £8.325m