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28 Newton Road, Torquay, TQ2 5BZ
A 90 bedroom hotel including ancillary bar and restaurant and demised car parking for 44 vehicles, built in 2008. Let to Travelodge Hotels Ltd on a 35 year lease from September 2008, with five yearly RPI indexation rent reviews. The lease has 25.9 years to expiry.
Sold to Ropemaker Properties Ltd for £8.5 million, reflecting an NIY of 5.05%
Let to Travelodge Hotels