Hotels and Motels for sale in Blackpool

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Investment Property

Blackpool, England

  • Freehold Price: £10,900,000  Price Reduced arrow_drop_down
  • Inactive
Seller Reference: INV002L
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Business Description
 
 
 
 
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Seller Reference: INV002L
Request Details
Business Description
South Shore, Blackpool
* Travel Lodge Hotels Limited Tenant
* 124 Bedroom Hotel with Parking
* Substantial Detached Building
* Prime Location - Built in 2009
* 25 Year Lease from April 2009
* Viewing Highly Recommended

DESCRIPTION: Kenricks are pleased to offer this 124 bedroom hotel which is Leased to Travel Lodge Hotels for a term of 25 years from April 2009.

This substantial detached property which was purpose built and completed in 2009 is situated adjacent to Blackpool Football Club, fronting Seasiders Way being one of the major routes into the Town Centre from the South and the M55 Motorway.

Ground Floor
Reception Desk.
Open Plan 88 cover café and bar.

Upper Floors
The property is arranged over 5 floors with 124 bedrooms.

EXTERIOR: Car park to the front providing guaranteed parking for 90 vehicles plus an additional 34 spaces on a first come first serve basis.

AGENTS NOTES: Plans available at request.

BUSINESS: The hotel is leased to Travel Lodge Hotels Ltd for a term of 25 years from April 2009 at an annual rent of £531,461.02 per annum. We are informed there is a rent review due in April 2018 where the expected increased rent will be in excess of £600,000 per annum.

TENURE: Freehold.

VIEWING: By appointment through Kenricks.
Tenure:
Freehold
Location Details:
Seasiders Way
Listed by:
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