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For Sale£7,920,000.00

Travelodge Rochester Riverside, Station Square, Rochester, ME1 1NH

Leisure Property, Hotels, Licensed & Leisure
Property type: Leisure Property, Hotels, Licensed & Leisure
Tenure: Investment Opportunity
Price: £7,920,000.00
Location: Travelodge Rochester Riverside, Station Square, Rochester, , Rochester, ME1 1NH
SOUTH EAST HOTEL INVESTMENT OPPORTUNITY TRAVELODGE ROCHESTER RIVERSIDE, KENT - • Forward Commitment opportunity to acquire a new 81 bedroom hotel located in the centre of the historic Medway town of Rochester, Kent, near to ME1 1NH
• Freehold investment opportunity
• Situated adjacent to Rochester’s new high speed railway station within Rochester Riverside: Countryside and Hyde’s new exciting 21 hectare mixed use development of 1,400 new homes
• The purpose built hotel will benefit from a café and terrace with seating for 54 together with 32 parking spaces
• A new lease to Travelodge Hotels Ltd for a term of 25 years to include 5 yearly CPI indexed linked rent reviews, 1% collar and 4% cap
• Initial rent of £445,500 per annum, reflecting £5,500 per bedroom per annum
• Travelodge Hotels Ltd have a strong covenant with a ‘5A1 / Minimum Risk’ credit rating from Dun & Bradstreet with a reported turnover of over £585m in 2016
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