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Travelodge Barnstaple Hotel A39 North Devon Link Rd 45 Room Hotel Barnstaple EX31 3RZ £2,750,000 (£61,111/Room) 7% Net Initial Yield
Investment Highlights
- North Devon Freehold Hotel Investment Opportunity
- Situated in a busy commercial location, close to Roundswell Retail Park, Roundswell Business Park and a number of new developments
- Let to Travelodge Hotels Ltd on full repairing and insuring terms at a current rent of £204,367 per annum
- Strategically located in Barnstaple on the A39, the Atlantic Highway
- The property comprises a 45 room hotel, and benefits from 27 car parking spaces
- Almost immediate rent increase with the next rent review in November 2026, forecasting an increase to at least £265,000 per annum
Executive Summary
The freehold of this hotel investment opportunity is available for the guide price of £2.75 million, providing a yield of 7%.
Property Facts
| Price | £2,750,000 | Total Plot Size | 0.45 ac |
| Price Per Room | £61,111 | Property Size | 17,824 sq ft |
| Sale Type | Investment | No. Rooms | 45 |
| Yield | 7% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1978 |
| Property Type | Hospitality | Parking Allocation | 0.6/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | C |
| Price | £2,750,000 |
| Price Per Room | £61,111 |
| Sale Type | Investment |
| Yield | 7% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.45 ac |
| Property Size | 17,824 sq ft |
| No. Rooms | 45 |
| No. Floors | 2 |
| Year Built | 1978 |
| Parking Allocation | 0.6/1,000 sq ft |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 45 | £58.00 | - |
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Travelodge Barnstaple Hotel | A39 North Devon Link Rd
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