icons_size_white icons_size
The UK's commercial property listings site, brought to you by EG
Need a mortgage? Click for a quote.
For Sale£9,500,000.00

Premier Inn, Inverness, IV3 5PR

Hotels, Licensed & Leisure
Property type: Hotels, Licensed & Leisure
Tenure: For Sale Freehold
Price: £9,500,000.00
Location: Premier Inn, 19-21 Huntly Street, Inverness, IV3 5PR

Secure Long Term Investment In Inverness

  • „Inverness is the capital of the Highland’s and the UK’s most northerly city; „
  • Inverness has a broad, sustainable demand base for hotels, with a healthy mix of tourism, business and leisure demand; „
  • The hotel is located in the heart of the city, overlooking the River Ness; „
  • 100-bedroom hotel, purpose built for Premier Inn, with a large reception, restaurant and parking facilities; „
  • Let to Premier Inn Hotels Ltd (D&B 5A1) until 29th January 2037 with a break option in January 2027 providing an unexpired term of 18.9 years (8.9 years to break); „
  • Upward only rent reviews every 5 years linked to RPI with a cap and collar of 2-5%, the next in January 2022;
  • Current passing rent of £608,059 per annum with minimum uplift to £671,347 in 2022; „
  • The current passing rent reflects a room rate of £6,081 and forecast to rise to £6,713 in January 2022; „
  • Heritable interest (Scottish Equivalent of English Freehold).
  • We are seeking offers in excess of £9,500,000 (Nine Million Five Hundred Thousand Pounds Sterling), exclusive of VAT, for our client’s heritable interest in the property. This reflects a net initial yield of 6.03%, rising to a minimum of 6.66% in January 2022, allowing for purchaser’s costs of 6.20%.

    The property is available to purchase in isolation or as part of a three property portfolio including Travelodge, Braehead, Glasgow and Travelodge, Justice Mill Lane, Aberdeen.

    What do you think of our website?
    Complete our survey and
    you could win £1000
    Start here