Copnor Road - Travelodge, Portsmouth, HAM

The property comprises a detached building of traditional brick construction over two floors with block walls and a mixture of painted and rendered brickwork external elevations beneath a pitched slate roof.
The property is located on the eastern side of Copnor Road at its junction with Norway Road being a main arterial road running north-south through the area and linking the M27 (via London Road) to the north with the city centre to the south. Portsmouth is located approximately 25.5km (16 miles) south east of Southampton, 65.5km (41 miles) west
of Brighton and 104km (65 miles) south west of London.

Sale Notes:
The investment opportunity comprises a 33 bedroom Travelodge hotel situated within a larger site which includes a Toby Cavery Restaurant and car park.
The property is held on a 225 year long lease from December 2010 at a peppercorn rent.
The property is let Travelodge Hotels Ltd for a term of 25 years from 10 August 2010 on full repairing and
insuring terms, subject to 5 yearly upward only RPI rent reviews at a current rental of £104,000 per annum.
This is £3,152 per annum/bedroom.