Offers over
£2,400,000
(£66.38/sq. ft)
Hotel for saleTravelodge, 296A Strathmore Avenue, Dundee, Scotland DD3
36,155 sq. ft
About this property
Heritable Interest (English freehold equivalent): 68-bed Travelodge Hotel with bar, restaurant, and large car park (70+ spaces)
Location: Prominent site on Strathmore Avenue (A90 arterial route), minutes from Dundee city centre and major attractions
Site Size: Approx. 0.83 acres with low site cover (20%)
Tenant: Entirely let to Travelodge Hotels Ltd (D&B Rating 5A2), the UK's second-largest budget hotel brand (600+ hotels)
Lease: Full repairing and insuring lease, unexpired term of 12 years 7 months, subject to 5-yearly uncapped rpi-linked uplifts
Income: Passing rent of £233,515 per annum (£3,434 per key)
Pricing: Offers sought over £2,400,000, reflecting a Net Initial Yield of 9.15% (assuming purchaser's costs of 6.32%)
Repurposed to a hotel in 2003, the building offers well-maintained accommodation in line with Travelodge's contemporary brand standards, including en-suite guest rooms, a welcoming reception area, and a bar and breakfast room.
The property sits on a self-contained site with dedicated on-site car parking in excess of 70 vehicles. The site is landscaped to the front and sides, with clear brand signage visible from the surrounding road network.
.png){kind=logo}