Travel Lodge Seasiders Way, Blackpool, FY1 124 Bedroom Investment Property For Sale

£10,900,000 Serious offers considered
Bond: £0

  • 124 Bedrooms
  • 124 Bathrooms

Property Reference: INV002L

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  • Investment Property
  • South Shore, Blackpool
  • Travel Lodge Hotels Limited Tenant
  • 124 Bedroom Hotel with Parking
  • Substantial Detached Building
  • Prime Location - Built in 2009
  • 25 year Lease from April 2009
  • Viewing Highly Recommended

Property Description

Kenricks are pleased to offer this 124 bedroom hotel which is Leased to Travel Lodge Hotels for a term of 25 years from April 2009.

This substantial detached property which was purpose built and completed in 2009 is situated adjacent to Blackpool Football Club, fronting Seasiders Way being one of the major routes into the Town Centre from the South and the M55 motorway.

Accommodation Comprising

  • Ground Floor

    Reception Desk. Open Plan 88 cover café and bar.

  • Upper Floors

    The property is arranged over 5 floors with 124 bedrooms.

  • Exterior

    Car park to the front providing guaranteed parking for 90 vehicles plus an additional 34 spaces on a first come first serve basis.

  • Agents Notes

    Plans available at request.

  • Business

    The hotel is leased to Travel Lodge Hotels Ltd for a term of 25 years from April 2009 at an annual rent of £531,461.02 per annum. We are informed there is a rent review due in April 2018 where the expected increased rent will be in excess of £600,000 per annum. No accounting information available

  • Tenure

    Freehold.

  • Viewing

    By appointment through Kenricks.

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Fee Information

The advertised rental figure does not include fees.