Property Detail

Apart Hotel 5* in Central London, Paddington, for Sale with 43 Apartments, Net Yield = 8.5%

Apart Hotel 5* in Central London, Paddington, for Sale with 43 Apartments, Net Yield = 8.5%

Property type: apart hotel
Purchase of established rental business

Hotel category: 5*

Apartment capacity: 43

Tenure: 125-year long leasehold


Opening date after repair works: November 2019

Location: Paddington, central London, UK

Hotel operator: 20-year lease agreement

• with the possibility of a renewal option
• with indexation of yield linked to inflation
• hotel can only be purchased with a sitting Hotel operator in place

Full Repair and Insure Lease (FRI lease):
• tenant (Hotel operator) is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Purchase price: 33,500,000 GBP (+ closing costs)
• purchase price includes 28,500,000 GBP (price of the hotel) and 5,000,000 GBP (repair costs)

Net Income: 2,850,000 GBP
(+ index linked to inflation)

Net Yield: 8.5%

Amenities and other defining features:

• modern apartments with personal bathroom, satellite TV, air conditioning, fully equipped kitchen
• free Wi-Fi

Property Contact

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

[ Note:
- fields marked * are necessary to fill
- telephone should include International Prefix]

http://www.brantstone.com/property/apart-hotel-for-sale-in-london-uk-02013227 02013227 Apart Hotel 5* in Central London, Paddington, for Sale with 43 Apartments, Net Yield = 8.5%