Leisure
Hotel Investment Opportunity – Southend-on-Sea
77 Eastwoodbury Crescent, Southend-on-Sea, SS2 6XG
For Sale
Terms
1.12 acre (4,532.48 sq m)
Size
Gallery
- The airport hotel has 129 beds, roof top bar and restaurant with airport runway views
- Situated 5 minutes walk from the terminal
- Let to Thames Gateway Airport Limited for a long unexpired term of over 17 years
- Current passing rent of £912,750 per annum (£7,075 per room). The next review is due on 27 February 2028
- Excellent ESG credentials with an EPC rating of A22
- Site area of circa 1.12 acres (0.45 hectares)
- Freehold
- We are seeking offers in excess of £12,218,000 (Twelve Million, Two Hundred and Eighteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.00% assuming purchaser’s costs of 6.7% and a capital value per bed of only £94,713 (based on 129 beds)
More information
Contact Us
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Where to find this property
Eastwoodbury Crescent,
Southend-on-Sea
SS2 6XG
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