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Premier Inn Glasgow Hamilton 29-31 Townhead St 96 Room Hotel Hamilton ML3 7BQ £10,360,000 (£107,917/Room) 6% Net Initial Yield
Executive Summary
Modern, purpose-built 96-bed Premier Inn with Beefeater restaurant and additional retail unit, prominently located in central Hamilton on Townhead Street. Fully let on long leases: Premier Inn Hotels Ltd at £570,498 p.a. (25-year term from April 2021, CPI-linked reviews capped at 4%) and German Doner Kebab at £57,500 p.a. Total income £663,214 p.a. WAULT to expiry approx. 20.6 years. Offers sought in excess of £10,360,000, reflecting a net initial yield of 6.00%. EPC rating C.
Property Facts
| Price | £10,360,000 | Costar Property Class | C |
| Price Per Room | £107,917 | Total Plot Size | 0.25 ac |
| Sale Type | Investment | Property Size | 39,000 sq ft |
| Yield | 6% | No. Rooms | 96 |
| Tenure | Freehold | No. Floors | 3 |
| Property Type | Hospitality | Year Built | 2021 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | £10,360,000 |
| Price Per Room | £107,917 |
| Sale Type | Investment |
| Yield | 6% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.25 ac |
| Property Size | 39,000 sq ft |
| No. Rooms | 96 |
| No. Floors | 3 |
| Year Built | 2021 |
| Corridor | Exterior |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 96 | £35.00 | - |
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Premier Inn Glasgow Hamilton | 29-31 Townhead St
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