Investment
Hotel Investment with CPI Indexation – Great Yarmouth
North River Road, Great Yarmouth, NR30 1SH
For Sale
Terms
1.67 acre (6,758.25 sq m)
Size
Gallery
- Prominent 80-bedroom Premier Inn hotel with restaurant
- Strategically situated on the A47 close to the train station, beach and all local amenities
- Let to Premier Inn Hotels Ltd on a 25 year lease expiring March 2040, providing an unexpired term of over 15 years to expiry with a tenant only break option in March 2035
- Current passing rent of £491,156 per annum, reflecting a low rent per room of £6,139. The next review is due in March 2025. This will be topped up to £576,774 per annum (expected rent from March 2025 review)
- Rent is subject to 5 yearly (compounded annually) rent reviews with CPI linked uplifts, collared at 0% and 5%
- Total site area of approximately 1.67 acres (0.67 hectares).
- Asset management opportunities
- Freehold
- We are seeking offers in excess of £9,010,000 (Nine Million, Ten Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 6% assuming purchaser’s costs of 6.68% and a capital value per bed of only £112,625 (based on 80 beds).
More information
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Where to find this property
North River Road,
Great Yarmouth
NR30 1SH
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