RAMADA PLAZA, Promenade, Southport, PR9 0DZ Ramada Plaza, Southport Promenade, Southport, PR9Floral 0DZ Hall Gardens, Southport

Savills Hotels are delighted to present for sale the ↑ LOCATION long leasehold interest in the 133-bedroom Ramada N Plaza, Promenade, Southport, PR9 0DZ. The Hotel is located on the north–western edge of Southport town centre. Southport is a popular and affluent coastal town located on The four star hotel was purpose built in 2008 and is the Irish Sea coast of North West England. let to Even Southport Ltd on a 25 year lease from June The Ramada Plaza is situated in Southport town centre, in the heart 2011. The passing rent is £750,000 per annum which of the Southport Waterfront Development, adjacent to the town’s will rise to £848,556.16 in 2016, with fixed increases of Theatre and Convention centre, which attracts approximately 25,000 2.5% per annum compound. This presents a fantastic delegates each year. Fronting the Marine Lake, the Waterfront Development is currently home to a host of restaurants, bar and opportunity to acquire a modern good quality hotel leisure facilities. Situated within a short walk to Ocean Plaza, a mixed which is trading strongly in the local market with use leisure scheme and Lord Street, the town’s main high street, the growth potential. Hotel is within easy walking distance of a host of restaurants, bars and shopping areas.

Southport is situated on the A565, which runs south to (20 miles) and north to Preston (24 miles). The town is also well connected INVESTMENT HIGHLIGHTS via the A570 to the M58 Motorway and M6 Motorway, providing access to Manchester and the national motorway network. - Exciting opportunity to acquire the Southport town centre Ramada Hotel. Southport Railway Station is a short walk form the hotel, providing - Prominent waterside location, on Southport Promenade with regular and direct services to Liverpool (45 minutes), Manchester (1 commanding views over Marine Lake and coastline beyond. hour 11 minutes) and London Euston (2 hours 50 minutes) Manchester, Liverpool and Blackpool airports are each less than an hour away, - Southport attracts demand from both corporate guests visiting making Southport easily accessible by air. Southport Theatre and Convention Centre and leisure guests visiting the world class golf courses in the wider area. The Hotel is ideally located as a base to access England’s ‘Golf Coast’ and within twenty minutes of six championship golf courses, - Purpose built full service hotel with extensive facilities, including 133 including Royal Birkdale, Hillside and Southport & Ainsdale, making guest rooms, restaurant, bar, gym and conference facilities for 300 the Hotel an attractive stay for golfing holiday retreats. guests. And secure underground car park for 80 cars. - Expansion potential for additional bedrooms or function space, TRAVEL TIMES subject to agreement and planning permission. Southport Tram Stop 1 min Walk - Modern four star 133 bedroom hotel which is let on a 25 year lease Lord Street 5 min Walk to Even Southport Limited at a current rent of £750,000 pa rising to Southport Railway Station 8 min Walk £848,556 in June 2016. Southport 8 min Walk - Annual fixed uplifts of 2.5% per annum compound from year 5. © Collins Bartholomew Limited 2009. Plotted Scale - 1:175000 Formby National Trust 18 min Car NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although Royal Birkdale Golf Club 7 min Train - The property is held long leasehold interest for 250 years. believed to be correct accuracy is not guaranteed. Liverpool Central Station 45 min Train Liverpool John Lennon Airport 1 hr 22 min Train Ramada Plaza, Southport Promenade, Southport, PR9 0DZ

SOUTHPORT AND SURROUNDS THE PROPERTY

Southport remains one of the most popular seaside resorts in the Opened in 2008, the Ramada Plaza Southport is a modern four star FOOD & BEVERAGE, CONFERENCING AND OTHER FACILITIES UK, attracting over 8 million visits per year. As a gateway to the coast purpose built hotel laid out over ground and 5 upper floors. Also and the Ribble Estuary, Southport provides 22 miles of coastline within the Waterfront development is a Genting Casino, Hungry The Hotel’s meeting and conference facilities including The Marine with several long sandy beaches including Southport Beach which Horse (Greene King) and other bars and restaurants which open onto Brasserie Restaurant (220 covers) and the Marine Bar/Lounge (65 boasts the country’s oldest and second longest iron pier. the central boulevard leading to the waterfront. covers) located on the first floor, adjacent to the spacious reception area. These facilities can accommodate a range of functions and Tourism makes the largest single contribution to the local economy of The 133 guest bedrooms are well presented and are located on events in a flexible and modern environment, together with the large Southport. Famous for it’s title as ‘England’s Golfing Capital’ with 15 golf the 2nd to 5th floors. All rooms are fully air conditioned and provide Sun terrace area, offering a spacious breakout area with views of the courses all within an hour’s drive from the town, Southport is a regular good quality fixtures and fittings. Marine Lake. host of The Open Championship at the Royal Birkdale Golf Club, most recently in 2014 and next in 2017. Southport has also positioned itself Type No. of Bedrooms Average Size (sq. m) Ramada Plaza Southport offers flexible and spacious event space with natural daylight, with five purpose-built meeting rooms for up to as a popular conference location, and hosts a number of established Standard Double 82 23.7 festivals including the annual Air Show over the beach, the largest three hundred guests Twin/Family 28 25.8 independent flower show in the UK in Victoria Park together with a highly regarded Jazz festival. Promenade Double 7 25.8 Name Maximum Capacity Marine Lake Suites 8 36.0 Promenade Room 1 50 Together with affluent neighbouring areas such as Formby, Birkdale Disabled 8 23.5 Hesketh Room 2 60 and Woodvale, Southport and surrounds offers world class Total 133 26.96 golf clubs, national nature reserves and a vibrant local economy. Hesketh Room 3 60 Southport also makes an ideal touring base from which you can Executive Boardroom 40 explore the North West’s many attractions in cities such as Liverpool, Marine Suite 300 Blackpool and Manchester, all within an hours’ drive. Also both Total 510 Liverpool and Everton Football Clubs are within easy reach. A modern fitness suite with gym facilities and further meeting rooms are available on the second floor. Ramada Plaza, Southport Promenade, Southport, PR9 0DZ

SOUTHPORT OPERATING MARKET

Southport boasts a number of attractions including the Southport Theatre & Convention Centre (STCC), which is one of the largest and most flexible multi purpose venues in and underwent a major £40 million investment programme in 2007/8. The STCC incorporates the popular Southport Theatre, the Floral Hall and a variety of modern function rooms.

Southport is establishing itself as the ‘Golf Capital’ of England with a high concentration of championship golf courses in the region, and in particular Royal Birkdale on the outskirts of the town. The golf segment is understandably an important source of leisure demand for the town’s hotels and other attractions include the Flower Show and the Air Show.

The proximity to Liverpool provides the town with other business drivers such as Liverpool and Everton football clubs and Aintree Racecourse, the home of the Grand National. TENURE

The property is held by way of a long leasehold for a term of 250 years commencing on 4th October 2007 (241 years left remaining). OCCUPATIONAL LEASE

The property is let to Even Southport Ltd by way of a 25 year lease at a base rent of £750,000 per annum from June 2011. There is also a Turnover rent which is 17% of the Gross Turnover, and the rent payable is the higher of the Base Rent and the Turnover Rent.

There are 5 yearly rent reviews, the next due in June 2016 when the rent will rise to £848,556.16 per annum and rising 2.5% per annum compound at each review date thereafter. Ramada Plaza, Southport Promenade, Southport, PR9 0DZ

OPERATING STRUCTURE

There is currently a franchise agreement in place with Wyndham Hotels & Resorts, under their Ramada brand. This agreement can terminated upon 30 days’ notice. TENANT COVENANT

Even Southport Limited (06190786) have an N2 D & B rating which is a lower than average risk of business failure. PROCESS

The hotel investment is being offered for sale by private treaty and offers are invited for the long leasehold interest of the property, subject to the lease.

Further information on this opportunity is available in the confidential Data Room section of this website. Access to the Data Room will be made available upon return of a signed Confidentiality Agreement (CA) which can be downloaded from this website. RAMADA PLAZA, SOUTHPORT Promenade, Southport, PR9 0DZ

FURTHER INFORMATION

EPC – The property has an EPC Rating of C

Inspections Strictly by appointment.

For further information or to arrange an inspection contact:

Tom Cunningham Phoenix Chow 0161 244 7709 0161 244 7748 [email protected] [email protected]

Savills Manchester Belvedere 12 Booth Street Manchester, M2 4AW

Kirsty Perrin 0207 409 8137 [email protected]

Savills London 33 Margaret Street London W1G 0JD

Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements, rental information or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.