Travelodge, 735 Chigwell Road, Woodford Green, Essex, IG8 8AS
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Tenure
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Parking
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- Primary use
- Hotel
- Bedrooms
- 34
Key features
- Let to Travelodge Hotels Limited
- Rent to be topped up to £316,982 per annum
- There is potential to provide alternative residential focused uses
- The property benefits from right to use the car park
- There is also an opportunity to add an additional floor
- Virtual Freehold - 999 years from 10th August 2010
Description
Rent to be topped up (2025 review) to £316,982 per annum.
There is potential to provide alternative residential focused uses, in particular utilising the existing layout, subject to obtaining all necessary consents.
The property benefits from right to use the car park.
There is also an opportunity to add an additional floor, subject to vacant possession and obtaining all necessary consents.
The property is located a 15-minute walk from Chigwell Underground Station.
Virtual Freehold - 999 years from 10th August 2010, at a ground rent of £10 per annum.
We are seeking offers of £4,000,000, subject to contract. A purchase at this level would reflect a Net Initial Yield of 7.42% on the topped-up rent, assuming purchaser's costs of 6.8%, and a low capital value psf of £326.
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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Brochure
Travelodge, 735 Chigwell Road, Woodford Green, Essex, IG8 8AS
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Disclaimer - Property reference TravelodgeWoodfordGreen. 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 GLPG, Marylebone. 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.