A hotel with a long-term lease agreement.
The hotel room capacity: 170 rooms.
The building was built in May 2016.
Type of ownership: Freehold.
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%.
The hotel is rented.
The lease agreement is valid through 31.12.2036.
The brokerage fee is 2%.
Location and nearby infrastructure
The property is located in the business area of the predominately residential area. The Heathrow Airport is situated in 10 km from the building.