Hotel in Central London for Sale with 70+ Rooms, 25 Year Lease Agreement, Freehold
Property type: hotel
Purchase of established rental business
Room capacity: 70+
Tenure: freehold
Completion: May 2024
Location: Southwark, Central London, UK
Hotel operator: 25-year lease agreement
well-known hotel operator is ready to sign a new 25-year lease agreement with the new owner:
• with the possibility of a renewal option
• with indexation of yield linked to inflation
• with a bank guarantee
• hotel can only be purchased with a sitting Hotel operator in place
Rental income: ca. 840,000 GBP per annum
(+ index linked to inflation)
Yield: 5.0% per annum
Purchase price: 17,000,000 GBP
(+ closing costs)