Travelodge, 296A Strathmore Avenue, Dundee, Scotland, DD3 6SH
£66.38 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
36,155 sq ft
3,359 sq m
- SECTOR
Hotel for sale
Key features
- Heritable Interest (English freehold equivalent): 68-bed Travelodge Hotel with bar, restaurant, and large car park (70+ spaces)
- Location: Prominent site on Strathmore Avenue (A90 arterial route), minutes from Dundee city centre and major attractions
- Site Size: Approx. 0.83 acres with low site cover (20%)
- Tenant: Entirely let to Travelodge Hotels Ltd (D&B Rating 5A2), the UK's second-largest budget hotel brand (600+ hotels)
- Lease: Full repairing and insuring lease, unexpired term of 12 years 7 months, subject to 5-yearly uncapped RPI-linked uplifts
- Income: Passing rent of £233,515 per annum (£3,434 per key)
- Pricing: Offers sought over £2,400,000, reflecting a Net Initial Yield of 9.15% (assuming purchaser's costs of 6.32%)
Description
Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room.
The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
Brochures
Travelodge, 296A Strathmore Avenue, Dundee, Scotland, DD3 6SH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Dundee Station1.4 miles
- Invergowrie Station3.0 miles
- Broughty Ferry Station4.4 miles
Notes
Disclaimer - Property reference 18486FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ryden LLP, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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