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For Sale
Travelodge, 296A Strathmore Avenue, Dundee, Scotland, DD3 6SH
Tenure

For Sale

Type

Hotel

Price

- £2,400,000 Offers Over

Size

1 Acres

Ref No

18486

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Property Highlights

  • 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%)

Overview

The subject property comprises a modern, 68-bedroom Travelodge hotel arranged over ground and four upper floors.

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.

Preston Mommsen Image

Preston Mommsen

Senior Surveyor

Kyle Wright Image

Kyle Wright

Graduate Surveyor

Nick Armstrong Image

Nick Armstrong

Partner

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