Entirely let to Travelodge Hotels Limited until 2039 (no breaks) (3)
Part sublet to Frankie & Benny’s Restaurant (2)
RPI linked 5 yearly uplifts (uncapped)
Prominent location on A635 just outside Barnsley town centre
Site area of approximately 1.65 acres (0.667 hectares)
Lot 16
Auction 5th December 2018
Rent £77,485 per Annum Exclusive
Status Sold
Price £1,525,000
Sector Leisure
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Trustees
Property Information
Location
Miles
2 miles east of Barnsley town centre
15 miles north of Sheffield
Roads
A633, A635, M1 (Junction 38)
Rail
Barnsley Railway Station
Air
Robin Hood Doncaster Sheffield
Leeds Bradford Airport
Situation
Barnsley is a commercial centre located in South Yorkshire, approximately 15 miles north of Sheffield. The property occupies a prominent position at the Stairfoot Roundabout on the A635, the main arterial route between Barnsley town centre and the A1(M) junction 37. The property is approximately 2 miles east of Barnsley town centre in a mixed commercial and residential location. Other nearby occupiers include McDonald’s and Aldi.
Tenure
Freehold.
Location
Miles
2 miles east of Barnsley town centre
15 miles north of Sheffield
Roads
A633, A635, M1 (Junction 38)
Rail
Barnsley Railway Station
Air
Robin Hood Doncaster Sheffield
Leeds Bradford Airport
Situation
Barnsley is a commercial centre located in South Yorkshire, approximately 15 miles north of Sheffield. The property occupies a prominent position at the Stairfoot Roundabout on the A635, the main arterial route between Barnsley town centre and the A1(M) junction 37. The property is approximately 2 miles east of Barnsley town centre in a mixed commercial and residential location. Other nearby occupiers include McDonald’s and Aldi.
Tenure
Freehold.
Description
The property comprises a 32 bed two storey hotel and a standalone Frankie and Benny’s restaurant. The properties are located on two sites, either side of the Doncaster Road. The property benefits from on-site parking for approximately 48 cars and a site area of approximately 1.65 acres (0.667 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Travelodge EPC Rating Band E
Frankie and Benny’s EPC Rating Band C
See legal pack at www.acuitus.co.uk.
Description
The property comprises a 32 bed two storey hotel and a standalone Frankie and Benny’s restaurant. The properties are located on two sites, either side of the Doncaster Road. The property benefits from on-site parking for approximately 48 cars and a site area of approximately 1.65 acres (0.667 hectares).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Travelodge EPC Rating Band E
Frankie and Benny’s EPC Rating Band C
See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Travelodge Frankie & Benny’s
Ground & First Ground
Hotel Restaurant
1,099.30 sq m 283.90 sq m
(11,833 sq ft) (3,056 sq ft)
TRAVELODGE HOTELS LIMITED (1) (2)
A term of years expiring 08/08/2039 (3) on a full repairing and insuring lease
£77,485
01/10/2023 and five yearly (4)
Total
1,383.21 sq m
(14,889 sq ft)
£77,485
1) For the year ending 31st December 2017, Travelodge Hotels Limited reported a turnover of £624,000,000, pre-tax profits of £45,200,000 and a total net worth of £303,200,000 (Source: Experian Group 06/11/2018). “Travelodge is the UK’s largest independent hotel brand, with more than 560 hotels and 40,000 guest bedrooms. More than 170 of our hotels have our on-site Bar Café restaurant, and almost all are located close to other restaurants and coffee shops, making Travelodge the ideal base for travel.”(Source: www.travelodge.co.uk 06/11/2018) (2) Part of the property has been sublet to City Centre Restaurants (UK) Limited t/a Frankie and Benny’s. (3) Subject to landlord’s option to extend the term as outlined in the option agreement available in the legal pack. (4) The rent reviews are linked to the Retail Price Index.
