Travelodge St Clears Carmarthen
Tenby Road
Carmarthen
Carmarthenshire
SA33 4JN

Freehold Hotel and Restaurant Investment

  • Entirely let to Travelodge Hotels Limited until 2039 (no breaks) (3)
  • Standalone restaurant sublet to Wycliffe Moore Limited (part of Euro Garages) t/a Starbucks (2)
  • RPI linked 5 yearly uplifts (uncapped)
  • Prominent position on A40
  • Lot
    6
  • Auction
    24/Oct/2019
  • Rent
    £194,571 per Annum Exclusive
  • Status
    Sold
  • Price*
    £3,210,000
  • Sector
    Leisure
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees
  • Travelodge St Clears Carmarthen<br>Tenby Road<br>Carmarthen<br>Carmarthenshire<br>SA33 4JN
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
35 miles north-west of Swansea
73 miles north-west of Cardiff
Roads
A40, A477, A48
Air
Cardiff Airport
Situation

Carmarthen is the county town of Carmarthenshire, located some 27 miles north-west of Swansea and 60 miles west of Cardiff. Benefitting from a £74 million development in 2010, Carmarthen was ranked last year as one of the top retail centres in Wales. The site occupies a prominent position on the A40 at its junction with the A4066, which leads to the A48 and connects to the M4 Motorway to the east. The property is located 9 miles south-west of Carmarthen town centre in the village of St Clears.

Tenure

Freehold.

Description

The property comprises a 51 bed two storey hotel and a standalone Starbucks restaurant. The property benefits from on-site parking for approximately 70 cars and a site area of approximately 2.35 acres (0.951 hectares).

VAT

VAT is applicable to this lot.

EPC

Band E.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Ground
Hotel
Hotel
Café/Restaurant
701.40 sq m
680.60 sq m
213.40 sq m
(7,550 sq ft)
(7,326 sq ft)
(2,297 sq ft)
TRAVELODGE
HOTELS LIMITED
(1) (2)
A term of years
expiring
08/08/2039 (3)
on a full
repairing and
insuring lease
£194,57101/10/2022
and five yearly
(4)
Total
1,595.40 sq m
(17,173 sq ft)
  £194,571 

(1) For the year ending 31st December 2018, Travelodge Hotels Limited reported a turnover of £680,200,000, pre-tax profits of £49,200,000 and a total net worth of £361,800,000 (Source: Experian Group 11/06/2019). Travelodge is the UK's largest independent hotel brand, with more than 560 hotels and 40,000 guest bedrooms. More than 170 of their hotels have an 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 11/06/2019).
(2) Part of the property has been sublet to Wycliffe Moore Limited t/a Starbucks until 2029 at a current passing rent of £18,259 p.a.x. Wycliffe Moore Limited is part of Euro Garages Limited, which is the world's leading independent fuel station and convenience retailer
(source: eurogarages.com)
(3) The current lease is for a term of years expiring 07/08/2029, subject to a landlord's only option to extend the term until 08/08/2039 as outlined in the option agreement available in the legal pack.
(4) The rent reviews are linked to the Retail Price Index.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    958 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
CBRE Limited Henrietta House, Henrietta Place
London
W1G 0NB
Daniel Mattey 020 3257 6753daniel.mattey@cbre.com
Seller's Solicitors
Dentons UKMEA LLP One Fleet Place
London
EC4M 7RA
Carla Revelo 020 7246 7296carla.revelo@dentons.com  Oliver Gordon 020 7246 7296Oliver.Gordon@dentons.com

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