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Travelodge, Torquay

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%

Tenure:

Freehold

Lease:

Let to Travelodge Hotels

Rent:

NA

Business rates:

NA

Service charge:

NA

Price:

£8.5 million

Yield:

5.05%

Planning:

NA

Specification:

NA

FLOOR
STATUS
Sq Ft
Sq M