Travelodge, Malbrook

 

Travelodge, 462 Birmingham Rd, Marlbrook, Bromsgrove B61 0HR

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Leisure – other
  • Tenure: Long Leasehold
  • Gross Rent: £46,140
  • Lease Term: 25 years from Aug '10

Property Description

  • Long Leasehold, Blue-Chip, Hotel Investment.
  • The hotel has 29 bedrooms across two floors.
  • Customer Parking available

Location Description

  • Bromsgrove is a busy Market town in Worcestershire, England about 16 miles (26 km) north-east of Worcester and 13 miles (21 km) south-west of Birmingham city centre.
  • Property is situated to the north of Bromsgrove, in predominantly residential area with some around 25 min drive from NEC in Birmingham.
  • According to the 2001 census the population of Bromsgrove is 29,237 and the population for the larger Bromsgrove District is 87,837.

Additional Notes

  • Let to Travelodge Hotels Ltd on 25 year FRI lease from Aug 2010 (no breaks) & landlord option to extend lease by 3 years to 2038
  • At a current rent of £46,140 with 5 yearly rent review linked to RPI (reviewed every fifth year to compounded uncapped RPI. This is only £1,591 per annum/bedroom) – next review date is 2020 and rent likely to increase to circa £54K.
  • The property is held on a 225 year lease from 2010
 

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