Hospitality Properties for sale in B66, Smethwick

Hospitality Properties for Sale Within 10 miles of the B66, Smethwick

More details for Alcester Rd S, Birmingham - Hospitality for Sale

Travelodge Birmingham Metro Maypole Hotel - Alcester Rd S

Birmingham, B14 5JF

Hospitality for Sale
£6,245,000
30,647 sq ft

Restaurant

Birmingham Hospitality for Sale

This opportunity comprises a high-quality, long-income mixed-use investment anchored by Travelodge, occupying a prominent 1.092-acre freehold site in Maypole, Birmingham. The property provides a total of 38,519 sq ft of modern accommodation arranged as a 60-bed hotel above a strong retail parade fully let to national and established operators including Ladbrokes, Poundstretcher, InHealth and Subway. The asset produces a passing rent of £516,122 per annum with an estimated rental value of £576,806 per annum, supported by CPI-linked uplifts on key leases and vendor top-ups where applicable. The investment offers a WAULT of 9.64 years to break and 10.33 years to expiry, underpinned by the covenant strength of Travelodge Hotels Ltd and other nationally recognised occupiers. Situated on the heavily trafficked A435 Maypole Island, the scheme benefits from exceptional visibility and forms the focal point of the area’s retail offering alongside Sainsbury’s, Aldi and Starbucks. The property also includes a 64-space car park with EV charging, enhancing its long-term income resilience. Offers are invited based on £6,245,000, reflecting a 7.75% net initial yield and 8.66% reversionary yield.