Acklam Rd - Hospitality FOR SALE


Middlesbrough, RCC TS5 7HL
$3,650,000 USD
Acklam Rd, Middlesbrough, RCC for Sale
$3,650,000 USD
Hospitality - FOR SALE
1/7
null | 9% Cap Rate

Acklam Rd
Middlesbrough, RCC TS5 7HL


HIGHLIGHTS

  • The two storey detached building is arranged over ground, basement and first floors with brick elevations beneath a pitched roof
  • Freehold public house and 60 bed hotel investment for sale
  • Entire property let to Stonegate Pub Company Limited with Town & City Pub Group Limited and Bay Restaurant Group Limited as Guarantor

OVERVIEW

Freehold public house and 60 bed hotel investment for sale, let to the UK’s largest pub company, Stonegate Group, until 2045 The two storey detached building is arranged over ground, basement and first floors with brick elevations beneath a pitched roof. To the rear is a detached three storey hotel block with brick elevations beneath a flat roof. The property is held freehold (Title Number CE148757). The entire property is let to Stonegate Pub Company Limited with Town & City Pub Group Limited and Bay Restaurant Group Limited as Guarantor at a current rent of £297,537 per annum, which is subject to five yearly annually compounded upwards only rent reviews in line with RPI subject to a collar of 1% and cap of 4%, with the lease expiring 7 July 2045. The next rent review is 5 February 2025 where the rent will increase to £349,457 per annum (assuming 3.0% RPI in the 12 month period prior to the review date).

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$138 USD /SF

# OF ROOMS

60

PRICE/ROOM

$60,833 {currency}

CAP RATE

9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bluebell Hotel Middlesbrough

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1930

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,249 SF

ZONING

-

APN/PARCEL ID

CE148757,CE187718,CE223768

ASK ABOUT THIS PROPERTY

Stuart StaresSavillsMore Info

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