1-3 Quadrant Arcade - Hospitality FOR SALE


Romford, LND RM1 3ER
$6,250,000 USD
1-3 Quadrant Arcade, Romford, LND for Sale
$6,250,000 USD
Hospitality - FOR SALE
1/19
null | 6.8% Cap Rate

1-3 Quadrant Arcade
Romford, LND RM1 3ER


HIGHLIGHTS

  • Let to Travelodge Hotels Limited on an FRI lease with 18.9 years unexpired
  • 65 bedroom hotel arranged over part ground and three upper floors developed in 2017
  • Secure hotel investment

OVERVIEW

Offers in excess of £6,250,000 for the leasehold interest (998 years remaining). A purchase at this level would reflect a Net Initial Yield of 6.64% assuming standard purchaser costs of 6.80%, and £233/sqft.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$232 USD /SF

# OF ROOMS

65

PRICE/ROOM

$96,154 {currency}

CAP RATE

6.8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge London Romford The Quadrant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

BGL170436,EX6767

ASK ABOUT THIS PROPERTY

Matt GlazerGLPG LtdMore Info

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Matt GlazerGLPG LtdMore Info

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