Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Term |
Rent p.a.x |
Reviews |
Travelodge
Frankie &
Benny’s |
Ground & First
Ground |
Hotel
Restaurant |
1,099.30 sq m
283.90 sq m |
(11,833 sq ft)
(3,056 sq ft) |
TRAVELODGE
HOTELS
LIMITED (1) (2) |
A term of
years
expiring
08/08/2039
(3) on a full
repairing and
insuring lease |
£77,485 |
01/10/2023
and five
yearly (4) |
| Total |
1,383.21 sq m |
(14,889 sq ft) |
|
|
£77,485 |
|
1) For the year ending 31st December 2017, Travelodge Hotels Limited reported a turnover of £624,000,000, pre-tax profits of £45,200,000 and a total net worth of £303,200,000 (Source: Experian Group 06/11/2018). “Travelodge is the UK’s largest independent hotel brand, with more than 560 hotels and 40,000 guest bedrooms. More than 170 of our hotels have our on-site Bar Café restaurant, and almost all are located close to other restaurants and coffee shops, making Travelodge the ideal base for travel.”(Source: www.travelodge.co.uk 06/11/2018)
(2) Part of the property has been sublet to City Centre Restaurants (UK) Limited t/a Frankie and Benny’s.
(3) Subject to landlord’s option to extend the term as outlined in the option agreement available in the legal pack.
(4) The rent reviews are linked to the Retail Price Index.
