Scotland Travelodges
TRAVELODGE ABERDEEN BUCKSBURN & PERTH A9 A unique investment opportunity to acquire two securely let hotels INVESTMENT SUMMARY The Vendor is seeking offers of in excess of A unique opportunity to acquire two securely let £8,520,000 (Eight Million, Five Hundred and hotels; Aberdeen Bucksburn, totalling 48 Twenty Thousand Pounds), subject to contract ELGIN bedrooms & Perth A9, totalling 53 bedrooms and exclusive of VAT INVERNESS Let to one of the leading budget hotel Pricing at this level reflects a net initial yield of operators, Travelodge Hotels Limited ABERDEEN 6.00% assuming purchasers costs of 6.19% on FRI Leases The passing rents are subject to five yearly, RPI Alternatively, the vendor will entertain linked, uncapped reviews and benefit from individual bids for each asset, and would seek good levels of reversion offers excess of: DUNDEE PERTH Aberdeen : £5,720,000 The two hotels are well positioned, providing STIRLING excellent access to two of Scotland’s key cities (Five Million and Seven Hundred and Twenty EDINBURGH Thousand Pounds) which reflects a net PAISLEY GLASGOW initial yield of 6.00% assuming purchasers costs of 6.13% Aberdeen Bucksburn has a current total passing rent of £363,918 and Perth A9 has a current passing rent of £177,914 per annum Perth : £2,800,000 (Two Million, Eight Hundred Thousand Pounds) Aberdeen Bucksburn is held Heritable Interest which reflects a net initial yield of 6.00% DUMFRIES whilst Perth A9 is held Long-Leasehold with an assuming purchasers costs of 5.95% unexpired term of 167 years 2 | TRAVELODGE ABERDEEN BUCKSBURN & PERTH A9 01 TRAVELODGE ABERDEEN BUCKSBURN A96, INVERURIE ROAD, BUCKSBURN, ABERDEEN, AB21 9BB LOCATION TENANCY Aberdeen is Scotland’s third largest city and is the main administrative The property is subject to a lease to Travelodge Hotels Limited with an and financial centre for Aberdeen City and Aberdeenshire.
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