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OYO London Finchley 3 Leisure Way 88 Room Hotel London N12 0QZ £12,000,000 (£136,364/Room) 7.42% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good transport links
- Central location
- Reputable neighbouring brands
EXECUTIVE SUMMARY
Located in North Finchley, less than a 20-minute walk from West Finchley underground station (Northern line) and directly next to the North Circular A406. Also, within a short walk to the shopping and dining amenities of North Finchley High Road.
Opportunity to acquire an existing purpose built, 88 bedroom hotel with onsite parking and a 120 cover restaurant.
Seeking offers in excess of £12,950,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a blended gross yield of 6.8% and a net yield of 5.8% after ground rent payment.
Opportunity to acquire an existing purpose built, 88 bedroom hotel with onsite parking and a 120 cover restaurant.
Seeking offers in excess of £12,950,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a blended gross yield of 6.8% and a net yield of 5.8% after ground rent payment.
PROPERTY FACTS
| Price | £12,000,000 | Total Plot Size | 2.69 ac |
| Price Per Room | £136,364 | Property Size | 32,974 sq ft |
| Sale Type | Investment | No. Rooms | 88 |
| Yield | 7.42% | No. Floors | 3 |
| Tenure | Freehold | Year Built/Renovated | 1991/2018 |
| Property Type | Hospitality | Parking Allocation | 1.79/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | C |
| Price | £12,000,000 |
| Price Per Room | £136,364 |
| Sale Type | Investment |
| Yield | 7.42% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 2.69 ac |
| Property Size | 32,974 sq ft |
| No. Rooms | 88 |
| No. Floors | 3 |
| Year Built/Renovated | 1991/2018 |
| Parking Allocation | 1.79/1,000 sq ft |
| Corridor | Interior |
AMENITIES
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 88 | £60.00 | - |
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OYO London Finchley | 3 Leisure Way
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