icons_size_white icons_size


Bishops Stortford, Hertfordshire, CM23, Hertfordshire, CM23, CM23 3BL

For sale: £8,690,000.00|Leisure Property, Hotels, Licensed & Leisure


FOR SALE£8,690,000.00
ADDRESSBishops Stortford, Hertfordshire, CM23, Hertfordshire, CM23, Bishops Stortford, CM23 3BL
TYPELeisure Property, Hotels, Licensed & Leisure
TENUREInvestment Opportunity, Under Offer
POSTED ON14th September 2020


Premier Inn Hotel Forward Funding Investment Opportunity - Investment Highlights:

- Forward funding opportunity to acquire a new 85-bedroom Premier Inn Hotel with a 839 sq. ft. ground floor retail unit

- Located in the centre of Bishop’s Stortford, an affluent market town with excellent transport links to central London

- Situated within a six hectare mixed-use regeneration area located adjacent to Bishop’s Stortford train station

- The hotel will be let to Premier Inn Hotels Ltd for a term of 25 years from practical completion with a tenant break in year 20

- The hotel’s initial rent will be £378,250 (£4,450 per bed) per annum and is subject to 5 yearly CPI linked rent reviews

- We anticipate the retail unit being let for £16,780 per annum during the construction period. The developer will provide a two year rent guarantee from PC if required.

- Freehold

- PC due September 2020. Planning permission granted and Agreement for Lease signed

We are seeking offers in excess of £8,690,000 (Eight Million Six Hundred and Ninety Thousand Pounds) on a traditional forward funding basis subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 4.42% assuming purchasers costs of 2.77% and a low capital value per bed of only £99,500.


Location: Bishops Stortford, Hertfordshire, CM23, Hertfordshire, CM23, Bishops Stortford, CM23 3BL

Bishops Stortford (0.0 miles)

Stansted Mountfitchet (2.9 miles)

Stansted Airport (4.4 miles)

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