77 Eastwoodbury Cres - Hospitality FOR SALE


Southend On Sea, ESS SS2 6XG
$12,980,000 USD
170-265-5013
77 Eastwoodbury Cres, Southend On Sea, ESS for Sale
$12,980,000 USD
Hospitality - FOR SALE
1/2
null | 6.5% Cap Rate

77 Eastwoodbury Cres
Southend On Sea, ESS SS2 6XG


HIGHLIGHTS

  • Situated in a very prominent position
  • Situated 5 minutes walk from the terminal
  • Parking spaces

OVERVIEW

The property is let to Thames Gateway Airport Limited on a full repairing and insuring lease of 25 years from 27 February 2018 expiring 26 February 2043, providing a long unexpired term of 18 years. The vendor is in the process of approving River Bidco as a guarantor. The current passing rent of £865,868 per annum (£6,712 per room) is subject to review five yearly, the next being due on 27 February 2028. The rent is reviewedwith reference to the Retail Prices Index (All Items) subject to a collar of 1% and 4% compounded annually

FOR SALE DETAILS

PRICE

$12,980,000 USD

PRICE/SF

$252 USD /SF

# OF ROOMS

129

PRICE/ROOM

$100,620 {currency}

CAP RATE

6.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Southend

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2012

PARKING SPACES

220

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,628 SF

ZONING

-

APN/PARCEL ID

EX879554,EX968935,EX968936

ASK ABOUT THIS PROPERTY

Rebecca HarperRapleys LLPMore Info
170-265-5013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rebecca HarperRapleys LLPMore Info
170-265-5013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.