Hotel, London, The United Kingdom

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Hotel, London, The United Kingdom

24,000,000 £
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Yield: 4.2% Built in 2016
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Features
  • Operating Incomе: 1,124,373 €
  • Occupancy: 100%
  • End of lease: 2036
  • Broker: 2.0%
  • Total rooms: 170

A hotel with a long-term lease agreement.

Description

The hotel room capacity: 170 rooms.

The building was built in May 2016.

Type of ownership: Freehold.

Financial performance

The cost of the property is 24,000,000 £.

Absolute annual income is 1,000,000 £.

The current yield of 4.2%. 

Financial performance after the increase in rent:

Projected annual income is 1,200,000 £.

The projected yield of 5.0%. 

Tenants

The hotel is rented.

The lease agreement is valid through 31.12.2036.

Transaction costs

The brokerage fee is 2%.

Location and nearby objects

The property is located in the business area of the predominately residential area. The Heathrow Airport is situated in 10 km from the building.

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Enquire about this hotel
Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in London
+44 17 4822 0039
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    • Bank financing from 2% annually
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    • Management company services