Log In/Sign Up
Your email has been sent.
144 High St
West Bromwich B70 6JJ
Premier Inn West Bromwich Central Hotel · Hospitality Property For Sale
·
85 Rooms
Investment Highlights
- 93,582 sq. ft. (8,697.21 sq m) of accommodation over ten floors
- Offers in excess of £6,250,000, equating to a net initial yield of 21.32% and a low capital value of £67 psf
- Producing £1,421,200 per annum inclusive of profit share
- Close proximity to Town Centre amenities, public transport and motorway network
Executive Summary
West Plaza comprises ten floors of hotel and office accommodation, extending to 93,582 sq. ft. (8,697.21 sq m). The hotel accommodation is situated over eight floors and incorporates 107 ensuite bedrooms. Currently operated by Vine Hotels, the site has traded as a hotel since 2000 and also offers office accommodation to the remaining floors. The property benefits from onsite car parking, goods lift access to all floors, and two 8 person passenger lifts.
There is car parking to the front, first floor, and underground totalling 78 car parking spaces.
- Established 107 bedroom hotel with additional office accommodation.
- Producing £1,421,200 per annum inclusive of profit share.
- Excellent potential for alternative use (STPP).
There is car parking to the front, first floor, and underground totalling 78 car parking spaces.
- Established 107 bedroom hotel with additional office accommodation.
- Producing £1,421,200 per annum inclusive of profit share.
- Excellent potential for alternative use (STPP).
Property Facts
| Price Per Room | $136,957 CAD | Lot Size | 0.73 AC |
| Sale Type | Investment | Building Size | 109,549 SF |
| Cap Rate | 21.32% | No. Rooms | 85 |
| Tenure | Freehold | No. Stories | 10 |
| Property Type | Hospitality | Year Built/Renovated | 1965/2008 |
| Property Subtype | Hotel | Parking Ratio | 0.72/1,000 SF |
| Building Class | B |
| Price Per Room | $136,957 CAD |
| Sale Type | Investment |
| Cap Rate | 21.32% |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.73 AC |
| Building Size | 109,549 SF |
| No. Rooms | 85 |
| No. Stories | 10 |
| Year Built/Renovated | 1965/2008 |
| Parking Ratio | 0.72/1,000 SF |
Amenities
- Controlled Access
- Restaurant
- Smoke Detector
- On-Site Security Staff
- Shower Facilities
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 85 | $74.50 CAD | - |
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
