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Premier Inn West Bromwich Central Hotel 144 High St 85 Room Hotel West Bromwich B70 6JJ £6,250,000 (£73,529/Room) 21.32% Net Initial Yield
Investment Highlights
- 93,582 sq. ft. (8,697.21 sq m) of accommodation over ten floors
- Offers in excess of £6,250,000, equating to a net initial yield of 21.32% and a low capital value of £67 psf
- Producing £1,421,200 per annum inclusive of profit share
- Close proximity to Town Centre amenities, public transport and motorway network
Executive Summary
West Plaza comprises ten floors of hotel and office accommodation, extending to 93,582 sq. ft. (8,697.21 sq m). The hotel accommodation is situated over eight floors and incorporates 107 ensuite bedrooms. Currently operated by Vine Hotels, the site has traded as a hotel since 2000 and also offers office accommodation to the remaining floors. The property benefits from onsite car parking, goods lift access to all floors, and two 8 person passenger lifts.
There is car parking to the front, first floor, and underground totalling 78 car parking spaces.
- Established 107 bedroom hotel with additional office accommodation.
- Producing £1,421,200 per annum inclusive of profit share.
- Excellent potential for alternative use (STPP).
There is car parking to the front, first floor, and underground totalling 78 car parking spaces.
- Established 107 bedroom hotel with additional office accommodation.
- Producing £1,421,200 per annum inclusive of profit share.
- Excellent potential for alternative use (STPP).
Property Facts
| Price | £6,250,000 | Costar Property Class | B |
| Price Per Room | £73,529 | Total Plot Size | 0.73 ac |
| Sale Type | Investment | Property Size | 109,549 sq ft |
| Yield | 21.32% | No. Rooms | 85 |
| Tenure | Freehold | No. Floors | 10 |
| Property Type | Hospitality | Year Built/Renovated | 1965/2008 |
| Property Subtype | Hotel | Parking Allocation | 0.72/1,000 sq ft |
| Price | £6,250,000 |
| Price Per Room | £73,529 |
| Sale Type | Investment |
| Yield | 21.32% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.73 ac |
| Property Size | 109,549 sq ft |
| No. Rooms | 85 |
| No. Floors | 10 |
| Year Built/Renovated | 1965/2008 |
| Parking Allocation | 0.72/1,000 sq ft |
Amenities
- Controlled Access
- Restaurant
- Smoke Detector
- On-Site Security Staff
- Shower Facilities
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 85 | £40.00 | - |
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Premier Inn West Bromwich Central Hotel | 144 High St
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