Ground Rent Investment Opportunity – Preston
Samlesbury Hotel, Preston New Road, Preston, PR5 0UL
56,973.38 sq ft
• Secure long let commercial ground rent.
• Contemporary, purpose built 80-bedroom hotel on a prominent site with easy access to junction 31 of the M6.
• Strategic location close to major employers in the area, BAE Systems and AB InBev.
• Let to KRO Hotels Preston Limited with a further 118 years remaining.
• Current ground rent of £92,436 pa subject to review to RPI (capped at 4% per annum) on 1st July 2026 and 5 yearly.
• Passing rent equates to a very low £1,155 per room per annum.
• Offers in excess of £1,935,000 (One Million Nine Hundred and Thirty Five Thousand Pounds), subject to contract, for our client’s freehold interest. A purchase at this level reﬂects a net initial yield of 4.5% after purchaser’s costs of 6.26%.
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