Freehold Investment Let With Over 10 Years Remaining, In The Heart Of Northampton Town Centre

Summary

• Located in the East Midlands Town of Northampton.
• Travelodge Hotel situated within Northampton Town Centre just 7 minutes’ walk from Northampton Railway Station.
• Let to Travelodge Hotels Limited with effectively just over 10 years remaining.
• A current rent of £363,777 per annum (£5,596 per room).
• Hotel provides 65 rooms over ground and three upper floors with an approximate total area of 34,796 sqft.
• Rent reviewed to RPI compounded 5 yearly with cap and collar of 3% and 1%. The next review will take place in December 2030.
• Travelodge have approached the vendor to regear the lease to a brand new 25 year lease at the same rent with RPI reviews (compounded 5 yearly).
• Freehold.