TRAVELODGE - KEW BRIDGE

High St, Brentford TW8 0BD

 
 

Long Income Hotel Investment Opportunity

Kew

Investment Summary

  • 111 bedroom hotel constructed in 2002, arranged over ground and four upper floors

  • Situated on the main High Street, 0.5 miles from Kew Bridge Station and 7 miles south west from Central London

  • Benefits from proximity to various tourist attractions which includes The Royal Botanical Gardens, Kew Palace and the National Archives

  • Let to Travelodge Hotels Ltd on an FRI with 31 years term certain

  • Five yearly, upwards only, uncapped RPI, rent reviews

  • The vendor will top-up the rent to £1,426,221 per annum at the next review in 2019

  • Freehold

 

 

 

Proposal

  • Offers invited in excess of £29,665,000 reflecting a Net initial Yield of 4.5%

Contact the Team

Mike Burden - 0207 952 6103 - mike.burden@kimmre.com

Rory Turner - 020 7952 6302 - rory.turner@kimmre.com

Charlie Moulton - 020 7952 6298 - charlie.moulton@kimmre.com