Travelodge, Roundswell Services, Barnstaple, Investment, For Sale

Travelodge

TENURE For Sale

SIZE 15,666 sq ft

GUIDE £ Offers in excess of £2,750,000

Strategically located in Barnstaple on the A39, the Atlantic Highway, a scenic route linking North Devon with the Cornish coast.
Situated in a busy commercial location, close to Roundswell Retail Park, Roundswell Business Park and a number of new developments.
The property comprises a 45 room hotel, and benefits from 27 car parking spaces.
Let to Travelodge Hotels Ltd on full repairing and insuring terms at a current rent of £204,367 per annum, with approximately 15 years unexpired, and 5 yearly uncapped RPI linked rent reviews.
Almost immediate rent increase with the next rent review in November 2026, forecasting an increase to at least £265,000 per annum.
Freehold.
Offers in excess of £2.75m, subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 7%, reverting to at least 9.06% in November 2026.