108 Woolwich Rd - Hospitality FOR SALE


London, LND SE10 0LE
$1,300,000 USD
108 Woolwich Rd, London, LND for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/3
null | 7.26% Cap Rate

108 Woolwich Rd
London, LND SE10 0LE


HIGHLIGHTS

  • Freehold hotel investment with 21 letting rooms
  • Entire property let to SMS Taverns Limited
  • The property comprises the ground, basement, first, second and third floors of a four storey end of terrace building with brick elevations.

OVERVIEW

This freehold hotel investment includes 21 letting rooms and is fully let to SMS Taverns Limited. The property, arranged over five levels, extends to 9,155 sq ft (851 sq m). The current hotel rent is £99,368 per annum, with the lease expiring in October 2042. The rent is subject to five-yearly open market rent reviews and annual uncapped RPI increases, except in the open market review year. Additionally, there is a 10-year telecom lease from August 2021 at a rent of £2,993 per annum, bringing the total income to £102,361 per annum. Offers are invited in excess of £1,330,000, reflecting a 7.26% net initial yield (NIY).

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$128 USD /SF

# OF ROOMS

21

PRICE/ROOM

$61,905 {currency}

CAP RATE

7.26%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Angerstein Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,001 SF

ZONING

-

APN/PARCEL ID

279431,LN195426,TGL109364

ASK ABOUT THIS PROPERTY

Stuart StaresSavillsMore Info

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