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Newtown House 46 Maid Marian Way 114 Room Hotel Nottingham £11,500,000 (£100,877/Room) 7.55% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Most centrally located economy hotel in Nottingham
- Excellent Footfall particularly along Friars Lane
- Reversionary Rent
EXECUTIVE SUMMARY
Hotel led, mixed use building in a prominent location on Maid Marian Way. The asset for sale comprises a hotel let to Travelodge with 9 retail units on the ground floor, a vacant commercial unit and a car park.
PROPERTY FACTS Sale Pending
| Price | £11,500,000 | Total Plot Size | 0.48 ac |
| Price Per Room | £100,877 | Property Size | 51,421 sq ft |
| Sale Type | Investment | No. Rooms | 114 |
| Yield | 7.55% | No. Floors | 10 |
| Tenure | Freehold | Year Built | 2005 |
| Property Type | Hospitality | Parking Allocation | 0.56/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | C |
| Price | £11,500,000 |
| Price Per Room | £100,877 |
| Sale Type | Investment |
| Yield | 7.55% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.48 ac |
| Property Size | 51,421 sq ft |
| No. Rooms | 114 |
| No. Floors | 10 |
| Year Built | 2005 |
| Parking Allocation | 0.56/1,000 sq ft |
| Corridor | Interior |
AMENITIES
- On-Site Retail
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 114 | £49.00 | - |
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VIDEOS
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Newtown House | 46 Maid Marian Way
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