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Premier Inn Norwich City Centre (Duke Street) Duke St 117 Room Hotel Norwich NR3 3AP £8,750,000 (£74,786/Room) 6% Net Initial Yield
Investment Highlights
- The property benefits from a prominent position in the heart of the city
- Premier Inn is the largest UK hotel brand and achieved over £1.3 billion in revenue in 2024/25
- Purpose-built 117 bed hotel with Premier Plus rooms.
Executive Summary
The purpose-built hotel was completed in 2004 and comprises approximately 42,452 sq ft. Arranged over ground and four upper floors, it offers 117 en-suite bedrooms, with lift access to all levels and luggage storage facilities. An on-site full-service Thyme Bar and Grill restaurant is provided.
Property Facts Sale Pending
| Price | £8,750,000 | Total Plot Size | 0.31 ac |
| Price Per Room | £74,786 | Property Size | 47,531 sq ft |
| Sale Type | Investment | No. Rooms | 117 |
| Yield | 6% | No. Floors | 5 |
| Tenure | Freehold | Year Built | 2005 |
| Property Type | Hospitality | Parking Allocation | 0.84/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Interior |
| Costar Property Class | C |
| Price | £8,750,000 |
| Price Per Room | £74,786 |
| Sale Type | Investment |
| Yield | 6% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.31 ac |
| Property Size | 47,531 sq ft |
| No. Rooms | 117 |
| No. Floors | 5 |
| Year Built | 2005 |
| Parking Allocation | 0.84/1,000 sq ft |
| Corridor | Interior |
Amenities
- Restaurant
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 117 | £69.00 | - |
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Premier Inn Norwich City Centre (Duke Street) | Duke St
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