Travelodge, 462 Birmingham Rd, Marlbrook, Bromsgrove B61 0HR
- Long Leasehold, Blue-Chip, Hotel Investment.
- The hotel has 29 bedrooms across two floors.
- Customer Parking available
- Bromsgrove is a busy Market town in Worcestershire, England about 16 miles (26 km) north-east of Worcester and 13 miles (21 km) south-west of Birmingham city centre.
- Property is situated to the north of Bromsgrove, in predominantly residential area with some around 25 min drive from NEC in Birmingham.
- According to the 2001 census the population of Bromsgrove is 29,237 and the population for the larger Bromsgrove District is 87,837.
- Let to Travelodge Hotels Ltd on 25 year FRI lease from Aug 2010 (no breaks) & landlord option to extend lease by 3 years to 2038
- At a current rent of £46,140 with 5 yearly rent review linked to RPI (reviewed every fifth year to compounded uncapped RPI. This is only £1,591 per annum/bedroom) – next review date is 2020 and rent likely to increase to circa £54K.
- The property is held on a 225 year lease from 2010