Commercial property for sale in Travelodge London Bermondsey, 67-71 Tanner Street, London SE1
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Property description
Zone 1 Hotel Investment Opportunity
This prime investment, freehold property is in a high demand location between London Bridge and Bermondsey. An opportunity to secure an attractive newly constructed building with a 25-year lease to Travelodge Hotels Limited, a leading budget hotel chain, with consistent and stable income.
The brand new development is designed to meet the needs of modern travelers and is expected to complete in April/May 2024.
It has a total built area of 22,000 sq ft (2,000 sq m) across nine floors with 73 rooms which will provide highly attractive views of The Shard.
Positioned off Bermondsey Street near London Bridge, Tower Bridge and Bermondsey Tube this location has been a steady and longstanding strong place for investment. With limited budget hotel competition in the immediate vicinity and this being the newest in the area it ensures a steady stream of guests and potential for good rental growth.
With a new 25-year lease to Trave Travelodge Hotels Limited this offers long-term stable income. Upward-only rent reviews every five years also provide stable growth.
As the newest hotel in the area the buildings sustainability and environmental credentials which are of increasing importance provide an investor security.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Kalmars, SE1 on +44 20 3478 3205 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kalmars, and do not constitute property particulars. Please contact Kalmars for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.