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Malmaison Dundee 44 Whitehall Cres 91 Room Hotel Dundee DD1 4AY £15,685,000 (£172,363/Room) 7% Net Initial Yield
Executive Summary
Grade A listed 91-bed boutique hotel with Chez Mal Brasserie and Mal Bar, occupying a prime city-centre location opposite Dundee Station and adjacent to the £1bn Waterfront regeneration.
Let to Malmaison and Hotel du Vin Property Holdings Ltd (guaranteed by Malmaison Hotel du Vin Holdings Ltd, part of Frasers Property) on a fully repairing and insuring lease with approx. 23 years unexpired. Current passing rent £1,171,500 p.a., subject to 5-yearly upward-only RPI-linked reviews (2%–4% collar and cap). Offers sought in excess of £15,685,000, reflecting a net initial yield of 7.00%.
Let to Malmaison and Hotel du Vin Property Holdings Ltd (guaranteed by Malmaison Hotel du Vin Holdings Ltd, part of Frasers Property) on a fully repairing and insuring lease with approx. 23 years unexpired. Current passing rent £1,171,500 p.a., subject to 5-yearly upward-only RPI-linked reviews (2%–4% collar and cap). Offers sought in excess of £15,685,000, reflecting a net initial yield of 7.00%.
Property Facts
| Price | £15,685,000 | Costar Property Class | B |
| Price Per Room | £172,363 | Total Plot Size | 1.68 ac |
| Sale Type | Investment | Property Size | 66,456 sq ft |
| Yield | 7% | No. Rooms | 91 |
| Tenure | Freehold | No. Floors | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1889/2014 |
| Property Subtype | Hotel | Corridor | Interior |
| Price | £15,685,000 |
| Price Per Room | £172,363 |
| Sale Type | Investment |
| Yield | 7% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 1.68 ac |
| Property Size | 66,456 sq ft |
| No. Rooms | 91 |
| No. Floors | 6 |
| Year Built/Renovated | 1889/2014 |
| Corridor | Interior |
Amenities
- 24 Hour Access
- Restaurant
- Roller Shutters
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Suite | 2 | £279.00 | - |
| Guest Room | 89 | £119.00 | - |
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Malmaison Dundee | 44 Whitehall Cres
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